Green Bancorp to Raise $115 million in New Capital

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Green Bancorp to Raise $115 million in New Capital

Houston, TX, April 12 – Green Bancorp, Inc., the holding company for Green Bank, N.A., announced today that it has entered into definitive agreements with several independent investment firms providing for an aggregate investment of $115 million in common stock of the company. The investors include funds affiliated with Friedman Fleischer & Lowe, LLC, Harvest Partners, LP and Pine Brook Road Partners, LLC. No investor will own more than 24.9 percent of the common stock of the company. The proposed investments are subject to receipt of requisite regulatory clearances and other customary closing conditions.

“We are hopeful the transaction will close in the second quarter at which time additional capital will be added to Green Bank,” said Manny Mehos, founder and chairman of the board of Green Bancorp. “The confidence of these new investors reinforces the banking model we have built over the past three years. Green Bank will bring much needed capital, managerial talent and proven products and processes to a fragile banking industry.”

The new capital will be used to expand current operations as well as to pursue growth opportunities, including bank and branch acquisitions, structured transactions and FDIC-assisted transactions.

“The new capital will allow Green Bank to proceed with conversations we have had with other banks as we pursue acquisition opportunities in Texas markets,” said Geoff Greenwade, Green Bank’s president and CEO. “Our bankers are finding great opportunities. The additional resources will also support our ongoing growth, through loan generation and deposit gathering in metro-Texas markets.”

Green Bank works with middle market businesses and executive-level clients through nnovative products and personalized services. Focused on sustainability in its practices, the bank is headquartered in an energy efficient building, supports environmentally-based nonprofit organizations and rewards clients for conserving resources.

At the close of 2009, Green Bank reported total assets of $544.6 million, total equity capital of $52.5 million and total loans receivable of $372.9 million. Credit quality remains strong as non-performing loans represent .05 percent of total assets. The bank’s commercial and private banking staff is actively seeking commercial loan opportunities and core personal and business deposit products.

About Green Bancorp

Green Bancorp’s wholly owned subsidiary, Green Bank, N.A., is a national bank headquartered in Houston, Texas focusing on the commercial and private banking needs of middle market businesses and individuals with innovative products and attention.

Green Bank is committed to streamlining processes, preserving resources and performing to a higher standard. Green Bank employees are empowered to work toward long-term goals and make sound lending and investment decisions.

Green Bank, N.A. is a federally chartered bank regulated by the Office of the Comptroller of the Currency, a division of the Department of the Treasury of the United States.

www.greenbank.com

About Friedman Fleischer & Lowe, LLC

Established in 1998, Friedman Fleischer & Lowe, LLC (“FFL”) is a San Francisco-based private equity firm with approximately $2.5 billion under management that is focused on investing in U.S. middle-market companies. FFL’s principals have 90 years of collective experience as private equity investors, senior executives, board members, and financial and strategic advisors. FFL’s targeted sectors include financial services, consumer products, outsourced business services, education and healthcare. Previous investments in the financial services industry include CapitalSource, Montpelier Re, GeoVera Insurance Group, Wilton Re and JonesTrading. For more information on FFL, visit www.fflpartners.com.

About Harvest Partners, LP

Founded in 1981, Harvest Partners is a $1.3 billion New York-based private investment firm, pursuing growth financings and management buyouts. Harvest Partners is managed by a group of experienced investors who focus on the financial services, light industrial, manufacturing, energy, business services and consumer industries. Harvest has almost 30 years of experience in successfully investing in market leading companies led by first-class management teams. For more information on Harvest Partners, please visit our web site at www.harvpart.com.

About Pine Brook Road Partners, LLC

Pine Brook Road Partners, LLC, is a $1.43 billion New York-based private equity firm established in 2006 by a team of experienced private equity professionals to make business building and other equity investments, primarily in the energy and financial services sectors, where the firm’s partners have more than 100 years of combined experience. Pine Brook typically backs experienced management teams in building businesses that have the potential for significant long-term capital appreciation. For more information please visit the company’s web site at www.pinebrookpartners.com.