Federal Reserve Board Approval Received for Cadence Bancorp, LLC Acquisition of Encore Bancshares, Inc.
May 31 2012 - 9:00AM
Encore Bancshares, Inc. (Nasdaq:EBTX) announced today that the
Board of Governors of the Federal Reserve System has approved the
application of Cadence Bancorp, LLC to acquire Encore through the
merger of Encore with and into a wholly owned subsidiary of Cadence
Bancorp, LLC. Completion of the merger remains subject to customary
closing conditions.
About Encore Bancshares, Inc.
Encore Bancshares, Inc. is a financial holding company
headquartered in Houston, Texas and offers a broad range of
banking, wealth management and insurance services through Encore
Bank, N.A., and its affiliated companies. Encore Bank operates
12 private client offices in the Greater Houston
area. Headquartered in Houston and with $1.6 billion in
assets, Encore Bank builds relationships with professional firms,
privately-owned businesses, investors and affluent
individuals. Encore Bank offers a full range of business and
personal banking products and services, as well as financial
planning, wealth management, trust and insurance products through
its trust division, Encore Trust, and its affiliated companies,
Linscomb & Williams and Town & Country
Insurance. Products and services offered by Encore Bank's
affiliates are not FDIC insured. Encore Bancshares' common
stock is listed on the NASDAQ Global Market under the symbol
"EBTX".
The Encore Bancshares, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4257
Forward-Looking Statements
This press release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1955. These forward-looking statements involve known and
unknown risks, uncertainties, and other factors which may cause
Encore's actual results, performance, or achievements to be
materially different from any expected future results, performance,
or achievements. Such forward-looking statements include, but
are not limited to, statements about the completion of the
transaction. The following factors, among others, could cause
actual results to differ from those set forth in the
forward-looking statements: the possibility that conditions
to the completion of the proposed transaction are not satisfied or
are not satisfied as quickly as we anticipate. For more
information, see the risk factors described in Encore's Annual
report on Form 10-K and other SEC filings.
CONTACT: Rhonda Carroll
Corporate Secretary
713.787.3118
Encore Bancshares, Inc. (MM) (NASDAQ:EBTX)
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