The Online Investor
Credit Services & Lending M&A image Credit Services & Lending M&A » By The Online Investor Staff, updated Sun., Apr. 11, 9:38 AM Recent mergers and acquisitions in the Credit Services & Lending M&A category.

Slide #33. ViewPoint Financial Group, Inc. LegacyTexas Group, Inc.

Acquirer: ViewPoint Financial Group, Inc. (VPFG)
Acquiree: LegacyTexas Group, Inc.
Details: ViewPoint Financial Group, Inc. ("ViewPoint") (NASDAQ: VPFG) and LegacyTexas Group, Inc. ("LegacyTexas") announced today that they have entered into a definitive agreement under which LegacyTexas will merge into ViewPoint and, immediately thereafter, ViewPoint's bank subsidiary, ViewPoint Bank, N.A., will merge into LegacyTexas' subsidiary bank, LegacyTexas Bank. The merger will result in one of the largest independent banks in the state of Texas, with 51 branches and pro forma assets of over $5 billion.

LegacyTexas Financial Group is a holding company. Through its subsidiary, ViewPoint Bank, NA, Co. provides financial services in its primary market, the Dallas/Fort Worth Metroplex. Co.'s primary deposit products are demand, savings and term certificate accounts, and its primary lending products are commercial real estate, commercial and industrial and consumer lending. Co. also has a program, Warehouse Purchase Program, with mortgage banking companies that allows them to close one- to four-family real estate loans in their own name and manage its cash flow needs until the loans are sold to investors. As of Dec 31 2013, Co. had total assets of $3.53 billion and deposits of $2.26 billion.

Open the VPFG Page at The Online Investor »

Company Name: 
LegacyTexas Financial Group Inc
Stock buyback: 
VPFG buyback
Banking & Savings

Open the VPFG Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Buy (2.80 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Credit Services & Lending M&A - Slide 33 of 100 Page |

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.