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Stock Market & Financial Investment News

News Breaks
November 8, 2012
18:23 EDTSBSISouthside Bancshares announces $10M share repurchase program
The board authorized the purchase of up to $10M of common stock open market purchases at prevailing prices to be reassessed on a quarterly basis.
News For SBSI From The Last 14 Days
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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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