HOUSTON – Bracewell LLP represented Piper Sandler & Co., the sole placement agent, in Southwest Bancshares, Inc.’s private placement of $35 million of 5.0% fixed-to-floating rate subordinated notes due 2032.
Southwest Bancshares, Inc., the bank holding company for Texas Partners Bank, had over $2 billion in assets as of March 31, 2022. Texas Partners Bank operates in its Central Texas markets under the names The Bank of San Antonio, The Bank of Austin and Texas Hill Country Bank. Texas Partners Bank began in 2007 and operates 11 branches in the greater San Antonio, Austin and Texas Hill Country areas. The Bank offers traditional banking products to both retail and institutional customers with a focus on business banking.
Bracewell lawyers involved in the transaction included:
Partners: Will Anderson
Associates: Shannon Baldwin and Alexandra Crai