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Green Bancorp, Inc. Announces Acquisition of Opportunity Bancshares, Inc.HOUSTONMay 31, 2012
Green Bancorp, Inc. has completed the acquisition of Richardson, TX-based Opportunity Bancshares, Inc. and its wholly-owned subsidiary, Opportunity Bank. At March 31, 2012, Opportunity Bank reported total assets of $53 million, total loans of $28 million and total deposits of $45 million.
“Opportunity’s commercial-and personal-banking clients match our core base. We are excited to offer them our strong position, Texas-metro-market focus, enhanced services and stronger borrowing power,” said Green Bank President and CEO Geoff Greenwade. “Opportunity’s proven private banking; small-?business lending and commercial lending teams will enhance capabilities across our whole operations.”
Immediately, very few changes will occur in day to day banking for former Opportunity Bank clients. Accounts, internet banking, ATM/debit cards, loans and services will remain unchanged until Friday, August 10. Over that weekend, accounts will convert to the Green Bank system and account choices.
“Welcome to our new clients! They will quickly find that customer service, straight-forward account choices and added capabilities have been the key to our North Texas growth since 2010,” said Market President J. Bart Bearden. “Dallas operations have expanded to 23 employees; our team of commercial loan officers and private bankers, underwriters and support staff has pushed deposits to $245 million over the last two years.”
Organic growth and acquisition are part of Green Bank’s Dallas growth strategy since opening a commercial loan office in late 2010. Since then, the bank has added a location in Uptown and completed two acquisitions–La Jolla Bank (late 2010) and now, Opportunity Bank. The bank also completed a three-office acquisition in North Houston in late 2011.
About Green Bank
Green Bank, N.A. is a wholly owned subsidiary of Green Bancorp, Inc. Headquartered in Houston, the bank focuses on the commercial and private banking needs of middle-market businesses and individuals with innovative products and personal attention. Green Bank is committed to streamlining processes, preserving resources and performing to a higher standard. Green Bank employees are empowered to work toward long-term goals and make sound lending and investment decisions. Green Bank, N.A. is a federally chartered bank regulated by the Office of the Comptroller of the Currency, a division of the Department of the Treasury of the United States. www.greenbank.com
