HOUSTON – Bracewell LLP is advising Friendswood Capital Corporation, the holding company of Texan Bank, N.A., in its merger with Home Bancorp, Inc. (Nasdaq: HBCP), the holding company of Home Bank, N.A. Friendswood and Texan Bank will merge with and into Home Bancorp and Home Bank, respectively, in an all-cash transaction. Under the terms of the merger agreement, shareholders of Friendswood (other than holders of dissenting shares, as such term is defined in the merger agreement) will receive $15.34 per share in cash, or $66.6 million in the aggregate, upon consummation of the transaction. This combination will provide Home Bancorp an opportunity to expand its footprint into Texas.
The transaction is expected to close in the first quarter of 2022, subject to satisfaction of customary closing conditions, including receipt of regulatory approvals and Friendswood shareholder approval.
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Bracewell lawyers involved in the transaction included:
Partners: Joshua T. McNulty, Scott C. Sanders, Rebecca L. Baker and Don J. Lonczak
Counsel: Ian R. Brown
Associates: Kate Barrington McGregor, Margo Z. McEntire, Shannon L. Baldwin, Brandon A. Bucio, Jay N. Larry and Alexandra C. Crai