Bracewell Advises Post Oak Bancshares in Acquisition of The State Bank of Texas
HOUSTON – Bracewell LLP is advising Post Oak Bancshares, Inc. in its acquisition of The State Bank of Texas. According to the plan of reorganization, Post Oak Bancshares will acquire all of the outstanding stock of The State Bank of Texas in a stock and cash transaction.
As of December 31, 2016, The State Bank of Texas had total assets of $173 million, and Post Oak Bancshares, Inc. had total assets of $1.128 billion. The combined organization will result in 13 locations across the greater Houston area and over $1.3 billion in total assets.