Spirit of Texas Bancshares, Inc. (STXB) Company Bio
Spirit of Texas Bancshares, Inc. operates as a bank holding company for Spirit of Texas Bank, SSB which provides personal and business banking products and services. The company was formerly known as ST Financial Group, Inc. and changed its name to Spirit of Texas Bancshares, Inc. in February, 2017. The company was founded in 2007 and is based in Conroe, Texas.
Spirit of Texas Bancshares, Inc. (NASDAQ: STXB) (the "Company" or "Spirit"), the holding company for Spirit of Texas Bank (the "Bank"), announced the issuance of $37 million aggregate principal amount of fixed-to-floating rate subordinated notes due 2030 ("Notes") to certain institutional accredited investors and qualified institutional buyers in a private placement. Spirit intends to use the net proceeds from this transaction for general business purposes, payment of existing indebtedness and potential future strategic opportunities.