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Financial M&A image Financial M&A » By The Online Investor Staff, updated Mon., Dec. 6, 12:00 PM Recent mergers and acquisitions in the Financial M&A category.

Slide #34. Southside Bank OmniAmerican Bank

Acquirer: Southside Bank (NASDAQ:SBSI)
Acquiree: OmniAmerican Bank
Details: Southside Bancshares, Inc. (Nasdaq:SBSI), parent company of Tyler, Texas-based Southside Bank, and OmniAmerican Bancorp, Inc. (Nasdaq:OABC), the holding company for Fort Worth, Texas-based OmniAmerican Bank, announced today that they have signed a definitive agreement under which OmniAmerican will merge into Southside. The combined company will have nearly $5 billion in assets and will be the ninth-largest bank headquartered in Texas, by deposits.

Southside Bancshares is a bank holding company. Through its subsidiaries, Co. provides a range of financial services to individuals, businesses, municipal entities and nonprofit organizations in the communities that it serves. These services include consumer and commercial loans, deposit accounts, wealth management and trust services, brokerage services and safe deposit services. Co. provides a variety of deposit accounts with a range of interest rates and terms, including savings, money market, interest and noninterest bearing checking accounts and certificates of deposit. Co.'s trust and wealth management services include investment management and administration of irrevocable trusts.

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Company Name: 
Southside Bancshares, Inc.
Stock buyback: 
SBSI buyback
Banking & Savings
Number of ETFs Holding SBSI: 
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

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Hold (2.00 out of 4)
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