Jackson Walker represented Spirit of Texas Bancshares, Inc. (STXB) in its initial public offering of 2,300,000 shares of common stock at $21 per share, before underwriting discounts and commissions. The company’s common stock began trading on the NASDAQ Global Select Market on May 4, 2018. The offering closed on May 8, 2018.
Based in Conroe, Texas, STXB is the bank holding company of Spirit of Texas Bank, a state savings bank with $1.03 billion in assets and fifteen full-service branches located in the Houston, Dallas/Fort Worth, and Bryan/College Station metropolitan areas.
Jackson Walker attorneys Alex Frutos, Jane E. Magnuson, Taylor McDowell, Michael F. Meskill, and James L. Pledger were involved in the transaction. To learn more about Jackson Walker’s experience in public securities offerings and corporate governance, view the Public Companies and Securities page.
For more information about STXB’s initial public offering, click the Download PDF button below to read the press release.
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For more than 130 years, Jackson Walker has played a vital role in the growth and development of Texas business. Since our founding in 1887, our attorneys have represented some of the most influential companies in the state in key industries that shaped the course of Texas history, including railroads, banking, the media, and oil and gas exploration. Today, we remain firmly rooted in Texas while serving clients around the globe. With more than 375 attorneys in our seven offices, we serve clients worldwide in a broad range of practices and industries. Our clients know they can count on us to deliver personalized service, legal experience, and added value.Download PDF