Commerce Street Capital Advises SP Bancorp, Inc. on its Acquisition by Green Bancorp, Inc

By: Commerce Street Capital
 
 
Commerce Street Capital
Commerce Street Capital
DALLAS - Oct. 20, 2014 - PRLog -- Commerce Street Capital, LLC (http://www.commercestreetcapital.com/) (“CSC”), a Dallas-based investment banking firm, advised SP Bancorp, Inc. (http://www.shareplus.com/) , a bank holding company and parent of SharePlus Bank, in its acquisition by Green Bancorp, Inc. (http://www.greenbank.com/), a bank holding company that operates Green Bank, N.A. This announcement was made today by Dory Wiley, President and CEO of CSC.

CSC’s Managing Director C.K. Lee was the lead financial advisor and was assisted by Managing Director Brian Johnson and Associate Preston Simons. CSC’s team worked closely with Jeff Weaver, President and CEO SharePlus Bank and his senior management team in the negotiations with Green Bancshares, Inc.

"It was a pleasure working with SharePlus' board and management team on this transaction," Lee said.  "The strong SharePlus franchise will deepen Green Bank's presence in key DFW markets."

The combined banking operation will have 16 locations operating as Green Bank. The merger will bring together Green Bank's offices in Dallas, Houston and Austin with SharePlus Bank's Dallas-area branches and Louisville, Kentucky location.

SharePlus Bank is headquartered in Plano, Texas and has more than $300 million in assets and $261 million in total deposits. Founded in 2010, the full-service bank provides services including the acceptance of checking and savings deposits, the origination of one- to four-family residential mortgages, mortgage warehouse, commercial real estate, commercial business, home equity, automobile and personal loans.

Green Bank, N.A., based in Houston, Texas has $1.7 billion in total assets and $1.45 billion in total deposits. Founded in 2006, the nationally-chartered commercial bank is committed to becoming a preferred provider for business and personal banking products and services, the employer of choice in Texas banking.

CSC’s Financial Institutions Group practice centers exclusively on serving the needs of the financial services sector. The group aims to provide sound, comprehensive advice, expert structuring, and optimum execution to banks, bank holding companies, and allied businesses. CSC is recognized as a leader in the industry for its valuation practice and for providing clients with unbiased analyses and independent opinions required to fulfill their fiduciary obligations.

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About Commerce Street Capital , LLC

Commerce Street Capital, LLC (“CSC”) is a private investment banking firm headquartered in Dallas, Texas. Led by veterans of the banking industry, CSC specializes in investment banking services (mergers and acquisitions, valuations and regulatory issue advising) and bank development (on-site consulting, sales and management of bank capital raises, market assessments and the bank regulatory application process). The firm provides tailored solutions for all or part of a financial institution's business lifecycle. For more information, visit www.commercestreetcapital.com or call 214-545-6800. CSC is a member of FINRA/SIPC.

This press release is for information purposes only and does not constitute a solicitation or offer by Commerce Street Capital, LLC, to buy or sell any securities, futures, options, foreign exchange or other financial instrument or to provide any investment advice or service. The testimonials stated within this press release may not be representative of the experience of other clients. The testimonials stated within this press release are not indicative of future performance or success. The testimonials stated within this press release are not paid testimonials.

Contact
Krystal Morris for Commerce Street Capital
***@pharrpr.com
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Source:Commerce Street Capital
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Tags:Commerce Street Capital, Dory Wiley, Green Bank, SharePlus, Banking
Industry:Banking, Financial
Location:Dallas - Texas - United States
Subject:Mergers
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