The Online Investor
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.

SBSI SEC Filing Email Alerts Service


Open the SBSI Page at The Online Investor »

Company Name: 
Southside Bancshares, Inc.
Stock buyback: 
SBSI buyback
Website: 
www.southside.com
Sector: 
Banking & Savings
Number of ETFs Holding SBSI: 
52
Total Market Value Held by ETFs: 
$230.19M
Total Market Capitalization: 
$1.36B
% of Market Cap. Held by ETFs: 
16.93%
 

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

Quotes delayed 20 minutes

Email EnvelopeFree SBSI Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Hold (2.00 out of 4)
0th percentile
(ranked lower than approx. 100% of all stocks covered)

Analysts' Target Price:
SBSI Stock Forecast

Based on Zacks ABR data;
powered by Xignite

Financial M&A - Slide 34 of 100 Page | www.TheOnlineInvestor.com

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.