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Stock Market & Financial Investment News

News Breaks
November 8, 2012
18:22 EDTSBSISouthside Bancshares declares special dividends totaling 33c per share
The board of Southside Bancshares declared a special cash dividend for 2012 of 13c per common share in addition to declaring a regular quarterly cash dividend of 20c per common share. In addition, due to the potential changes in the tax code the board approved a one time only additional cash dividend of 20c per share. This 20c one time only additional cash dividend will not be repeated in the foreseeable future. The combined cash dividend of 53c is payable on December 6 to shareholders of record as of November 21.
News For SBSI From The Last 14 Days
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October 24, 2014
17:17 EDTSBSISouthside Bancshares reports Q3 EPS 32c, consensus 55c
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October 15, 2014
07:33 EDTSBSISouthside Bancshares, OmniAmerican Bancorp announce holder approval of merger
Southside Bancshares (SBSI) announced that at its special meeting held yesterday, shareholders approved the issuance of shares of Southside common stock to stockholders of OmniAmerican Bancorp (OABC) in connection with the proposed merger of Omega Merger Sub, Inc., a subsidiary of Southside, with and into OmniAmerican, with OmniAmerican as the surviving corporation, which we refer to as the first merger. Subsequent to the first merger, OmniAmerican will merge with and into Southside, with Southside as the surviving corporation. OmniAmerican announced that at its special meeting also held yesterday, stockholders approved the first merger, and also approved, on an advisory basis, certain compensation that will or may become payable to OmniAmerican's named executive officers in connection with the first merger. The approvals by the shareholders of Southside and stockholders of OmniAmerican mark another milestone necessary for OmniAmerican to merge with and into Southside. The merger also has been unanimously approved by the boards of both companies and is expected to close during Q4, after receipt of regulatory approvals and satisfaction of other customary closing conditions. The combined entity will operate under the names of Southside Bancshares, Inc. and Southside Bank.
06:40 EDTSBSISouthside, OmniAmerican announce shareholder approval of merger proposals
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October 14, 2014
05:57 EDTSBSISouthside Bancshares to host special shareholder meeting
Special shareholder meeting to vote on the merger with OmniAmerican will be held on October 14 at 5:30 pm.

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