![]() "We welcome the SharePlus employees and the customers they serve to Green Bank and look forward to serving them with greater resources." "We pride ourselves on our strong community banking presence the addition of SharePlus Bank strengthens our relationship and capabilities with our Dallas-based customers," said Geoff Greenwade, president and CEO of Houston-based Green Bank. During the next three years, new branches were opened in Uptown and Addison and Opportunity Bank in Richardson was acquired. ![]() In 2010 the bank entered the market with a Preston Center branch acquisition and a commercial lending office. The expansion complements Green Bank's ongoing Dallas-area growth. The merger will bring together Green Bank's offices in Dallas (4), Houston (7) and Austin (1) with SharePlus Bank's Dallas-area branches (3) and Louisville, KY location (1). The combined banking operation will have 16 locations operating as Green Bank. On the same date, SharePlus Bank had $304 million in total assets and $261 million in total deposits. On December 31, 2013, Green Bank had $1.7 billion in total assets and $1.45 billion in total deposits. Subject to satisfaction of certain conditions, including receipt of SP Bancorp shareholder approval and customary regulatory approvals, the sale is expected to close in the third quarter of 2014. The transaction has been unanimously approved by the boards of directors of both companies. ![]() (Nasdaq:SPBC), the parent holding company of SharePlus Bank, for $46.2 million in cash, or $29.55 per share, subject to potential adjustment as set forth in the merger agreement. HOUSTON, (GLOBE NEWSWIRE) - Green Bancorp, Inc., the parent holding company of Green Bank, N.A., has entered into a definitive agreement and plan of merger to acquire SP Bancorp, Inc. EXHIBIT 99.1 Green Bancorp to Acquire SP Bancorp Green Bank Expansion Continues in North Texas With SharePlus Bank Addition
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