New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 28, 2014
08:23 EDTVPFGViewPoint multiple likely to expand following acquisition, says DA Davidson
DA Davidson expects the pending acquisition of LegacyTexas group to be accretive to ViewPoint Financial's earnings, and to enable LegacyTexas to increase its lending limit. The firm expects ViewPoint's EPS to rise significantly next year and it reiterates a $31 price target and Buy rating on the stock.
News For VPFG From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 10, 2014
07:01 EDTVPFGViewPoint Financial receives regulatory approvals for merger with LegacyTexas
ViewPoint Financial announced that they have received all regulatory approvals required to complete their merger. After the satisfaction of customary closing conditions, including applicable waiting periods, ViewPoint and LegacyTexas plan to complete their merger on January 1, 2015. The merger, which has been unanimously approved by the boards of directors of both companies and by the stockholders of LegacyTexas, will result in one of the largest independent banks in the state of Texas, with 51 branches and pro forma assets of nearly $6B. Immediately following completion of the merger, ViewPoint will be known as LegacyTexas Financial Group and begin trading under the ticker symbol LTXB. The banking subsidiary will be known as LegacyTexas Bank, with branch and branding integration planned for February 2015.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use