Southside Bancshares, Inc. Completes Merger with Diboll State Bancshares, Inc.
Southside Bancshares, Inc. (SBSI)
Last southside bancshares, inc. earnings: 1/31 06:30 am
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Company Research
Source: GlobeNewswire
TYLER, Texas, Nov. 30, 2017 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside”) (NASDAQ:SBSI), the parent company of Southside Bank, announced the completion of the merger of Diboll State Bancshares, Inc. (“Diboll”) with and into Southside and the merger of Diboll's wholly owned subsidiary, First Bank & Trust East Texas, headquartered in Diboll, Texas, with and into Southside Bank, all effective on November 30, 2017. The combined company will continue to trade on the NASDAQ Global Select Market under the symbol “SBSI.” Prior to the merger, First Bank & Trust East Texas operated 17 branches in Diboll, Texas and surrounding areas. As of September 30, 2017, Diboll, on a consolidated basis, reported total assets of $1.01 billion, total loans of $642.5 million and total deposits of $890.0 million. Under the terms of the merger agreement, Southside issued 5,535,000 shares of Southside common stock and paid approximately $23.9 million in cash for all outstanding shares of Diboll
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SBSI
Earnings
- 1/26/24 - Miss
SBSI
Sec Filings
- 3/27/24 - Form ARS
- 3/27/24 - Form DEFA14A
- 3/27/24 - Form DEF
- SBSI's page on the SEC website