HOUSTON, Nov. 10, 2017 (GLOBE NEWSWIRE) -- CBTX, Inc., the bank holding company for CommunityBank of Texas N.A., today announced that it has completed the initial public offering of 2,400,000 shares of its common stock at a price of $26.00 per share. CBTX’s common stock began trading on the NASDAQ Global Select Market on November 8, 2017 under the trading symbol “CBTX”.
On November 8, 2017, the underwriters exercised in full their option to purchase an additional 360,000 shares of CBTX’s common stock at the public offering price less the underwriting discount.
Stephens Inc. and Keefe, Bruyette & Woods, a Stifel Company served as joint book-running managers for the offering. Sandler O’Neill + Partners, L.P. served as co-manager.
About CBTX, Inc.
CBTX is the bank holding company for CommunityBank of Texas, N.A., a $2.9 billion asset bank, offering commercial banking solutions to local small and mid-sized businesses and professionals in Houston, Beaumont and surrounding communities in southeast Texas. Visit www.communitybankoftx.com for more information.