Sheshunoff & Co. Investment Banking Announces Another Buyside Transaction
Sheshunoff & Co Investment Banking continues to be the trusted leader in community and regional bank M&A activity with more than dozen deals over the last year.
The latest deal to announce is Post Oak Bancshares of Houston, Texas ($1.1 billion) has agreed to purchase the State Bank of Texas ($186 million), also based in Houston, Texas. Sheshunoff served at the financial advisor to Post Oak Bancshares Inc. in the transaction.
The increase in stock market valuations for public banks since the election has energized the market. The improved outlook for community banks from possible regulatory relief, higher interest rates, lower taxes and faster economic growth has banks of all sizes reconsidering their options. Some banks that were previously thinking about exiting the market are thinking they may wait to see what happens. Others, noticing improved pricing for sellers, are thinking 2017 may be the opportunity they have been waiting for. Sheshunoff has been busy providing market updates for board meetings that touch on all of these topics. Meanwhile, we are also busy assisting buyers and sellers in this active market. In January we closed two transactions and announced a third. We anticipate making several other announcements soon as it appears 2017 will be a breakout year for deal activity and pricing. Prices are on the rise too.
Contact Sheshunoff & Co Investment Banking for a confidential discussion for your market. For more information on Sheshunoff & Co Investment Banking, please click here.
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