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2017 News

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2017 - 1st Quarter Earnings Report

April 28, 2015

Green Bancorp, Inc. (NASDAQ:GNBC), the bank holding company (“Green Bancorp” or the “Company”) that operates Green Bank, N.A. (“Green Bank”), today announced results for its first quarter ended March 31, 2017.  The Company reported net income for the quarter of $7.2 million, or $0.19 per diluted common share.

Read the media coverage here:

Yahoo Finance

Bloomberg

Nasdaq

Seeking Alpha

Green Bankers & RT Houston Work on new Project

April 10, 2017

Houston Green Bankers joined forces again with Rebuilding Together for a full day of home repair. More than twenty Green Bankers provided home repairs and modifications for a Houston homeowner.

Rebuilding Together helps to transform the lives of low-income homeowners by improving the safety and health of their homes and revitalizing our communities. 

 

 

 

 

 

Yoga on the Meadow with Nora's Home

 

 

 

Living Water's World Water Day 5K

March 24, 2017

Living Water World Water Day 5K

Green Bank is proud to host packet pick-up for Living Water's World Water Day 5K Run/Walk. Registration for the race is open through March 24, 2017. Living Water's mission began 26 years ago with the intention to help provide water to more than 20 countries. This year World Water Day is set to raise money for a new water project in Liberia. 

Event Info

Green Bankers Invite Kingwood Community to Crawfish, Cars & Community Festival

Black History Month-Plano TX
Pine Shadow Retreat Presents Charter to Green Bank

  

 

January 31, 2017

Thanks to Green Bank, residents of Pine Shadow Retreat in Porter, Texas will live in a safer and even more secure living environment. Green Bank is helping vulnerable seniors by funding the Senior Crimestoppers program to protect those who live and work in this local care facility.  A charter presentation to Green Bank was held on January 31, 2017 at Pine Shadow Retreat with Crimestoppers representatives and residents of Pine Shawdows. 

Houston & Dallas MLK Events

MLK Day, 2017

HOUSTON 

In celebration of MLK, Jr. Green Bank sponsored Glady's House float at the MLK Jr. Day Parade in Freedman's Town. Congrats to Glady's House for winning first place! 

  

 

 

 

DALLAS

Green Bank was a proud sponsor of the Collin County MLK breakfast Saturday, January 14th at Collin County College Spring Creek Campus. Over 500 people attended the breaskfast including Mayor Brian Loughmiller of McKinney, Mayor Harry LaRosiliere of Plano, Dr.Matkin of Collin College and many more city officials. 

  

 

  

  

  

 

In the spirit of MLK, Jr week, Pamela Zeigler-Petty of Green Bank organized an event to highlight the need for growth regarding diversity and inclusion (D&I) specifically for women. Green Bank's corporate initiative to grow stronger community relationships was demonstrated at the event when new community partner Microsoft offered to be the location of the presentation. Microsoft also shared insight about their affinity groups, such as Blacks at Microsoft (BAM), Women at Microsoft (WAM), LGBT, etc. Microsoft executives were on hand including presenter Susana Lainder (Microsoft), Jen (Microsoft HR Executive), Sondra Walker, Community Development Specialist (Microsoft). Thank you to everyone who attended including the Junior League of Collin County, D&I Task Force. 

 

 

 

 

Green Banker Attends Dallas Event Honoring Women in Business

November 29, 2016

Green Banker Pamela Zeigler-Petty recently attended a Women's Business Enterprise Hall of Fame event. The WBE Hall of Fame's annual celebration recognizes women-owned businesses and their successes while inducting a new group of women entrepreneurs. The ceremony was presented by the  American Institute of Diversity & Commerce to applaud the honorees for excellence in entrepreneurship, leadership and mentorship.

Click here to learn more about the WBE Hall of Fame.

  

Golden Corral Restaurant Opens New Green Bank-Financed Location in Houston

November 28, 2016

Golden Corral opens new Rosenberg restaurant
By Mike D. Smith

The Houston-area's 15th Golden Corral restaurant opened Monday morning in Rosenberg.

The new restaurant, 27940 Southwest Freeway, is about 7,600 square feet and can seat up to 275 people, according to the North Carolina-based chain of buffet restaurants. The restaurant employs 95 people.

Marvin Searcy owns the new Rosenberg franchise location.

Known for its large buffet-style assortment of comfort foods and desserts, Golden Corral was founded in 1973 and now has 480 restaurants in 40 states.

Click here to read the article in the Houston Chronicle.

Green Bank Sponsors Harris County Sheriff's Office Foundation Annual Sharpshooters Event

October 13, 2016

Green Bank recently sponsored the Harris County Sheriff's Office Foundation annual sharpshooters event. Commercial banker Cecil Arnim took part in the event along with Harris County deputies. The money raised at this year's event allows the foundation to purchase 70 custom-made bullet proof vests.

Click here to learn more about the Harris County Sheriff's Office Foundation.

Plano Green Banker Participates in Texas Mezzanine Fund Shareholders Meeting

November 3, 2016

The Texas Mezzanine Fund held their annual shareholders meeting and reception at Magnolia Hotel, Park Cities in Dallas. The purpose of the organization is to:

  • Promote, stimulate, develop and advance the business, prosperity, employment and economic welfare of distressed and underserved communities throughout the state of Texas by providing financing to businesses and other enterprises;
  • Encourage and assist through loans, investments and other business transactions, an increase in the number of minority-owned businesses and the rehabilitation and expansion of existing businesses;
  • Improve, through the cooperative efforts of shareholder financial institutions and others, employment and business opportunities for residents of distressed communities.

The presentation included highlighted funds allocated through their certified development financial institution and new market tax credits. They were able to fund a food bank and a minority-owned private school in a low-income census tract as well as provide funding to keep a long-standing medical clinic open in a low-income area.

Click here to learn more about the Texas Mezzanine Fund.

 

 

Houston Green Bankers Work with Rebuilding Together to Make Home Improvements for Local Resident

October 28, 2016

Houston Green Bankers, along with their friends and family, recently participated in Rebuilding Together Houston's home repair weekend. The Green Bank team joined the cause by providing home repairs and modifications for a Houston homeowner.

Rebuilding Together's home repair weekend events bring attention to the plight of America's low-income homeowners and the communities where they live. Every year, volunteers across the country help provide these much needed home repairs. 

 

  

 

  

  

 

Green Bank Employees Celebrate Halloween with Decorating Contest

October 28, 2016

The Houston support services staff celebrated Halloween with an office decorating contest. The winners are: 

  • First Place - Michael Briden (doc prep)
  • Second Place - Lalita, Stacey, Ashley, Julia, Clara, Gloria, Linda (advances, credit files, imaging)
  • Third Place - Shanequea Shorter (mortgage warehouse)
  • Honorable Mention - Barbara Penrose (loan servicing/booking)

 

 

  

  

Drop Off Your Heart Walk Funds at Our Woodlands Branch

Shades of Emerald—Green Bank Supports College Scholarships in Plano

October 15, 2016

Since 1981, the Plano Community Forum has helped minority students by providing college scholarships. Many variables contribute to the individual scholarships--GPA, essays and financial need.   

This year, five more students earned scholarships—all students were from Plano West, Plano East and Plano Senior. Recently, 14 winners of the Dr. Martin Luther King Jr. Scholarship were recognized and $14,000 was awarded. Green Bank joined other area businesses to honor these recipients.

      

Plano Green Banker Sponsors "For the Love of Art" Event

Art Event

October 8, 2016

Plano individuals and organizations that have made significant contributions to the arts were honored at the ArtCentre of Plano’s For the Love of Art event Saturday, October 8 at Plano's Haggard Party Barn. Green Banker Pamela Zeigler-Petty serves on the ArtCentre Board of Directors and helped plan this event.

ArtCentre of Plano

Founded in 1981, the ArtCentre of Plano is a private nonprofit organization which aims to promote the growth and development of emerging community arts groups, as well as inspire, support and promote excellence, diversity and vitality in the arts and arts education of the community.

The ArtCentre of Plano will be the focal point of the new Arts District of Plano when it moves into the landmark Saigling House in Haggard Park following an extensive renovation. The ArtCentre is partnering with the City of Plano in an exciting plan to create an arts and events center adjacent to Haggard Park.

Art Event Art Event

Art Event Art Event

Green Banker Presents Award at Best of Plano Event

October 6, 2016

The Plano Chamber of Commerce is proud to recognize our city’s best and brightest at the annual Best of Plano awards dinner. This evening event celebrates the achievements of local business and community leaders with the presentation of awards including Citizen of the Year, Business Executive of the Year, Small Business Person of the Year, and more.

Green Banker Emily Zoog presented the ATHENA Award to Sara Akers.The ATHENA Award is given to women for their outstanding service and dedication to the Plano and surrounding communities. By honoring exceptional women, the ATHENA Award seeks to inspire others to achieve excellence in their professional and personal lives.

Click here for more information about the event.

 

 

New Houston Hotel Financed by Green Bank to Celebrate Grand Opening

Grand Opening

North Texas Market Manager Mark Warren Featured in Banking Roundtable

DCEODCEO Magazine has turned to some of Dallas’ most respected banking leaders to get their assessment regarding the current state of how Dallas businesses handle their banking and finances as well as the various trends they have been observing, and often establishing. These experts offer a glimpse into the state of banking from the perspectives of those sought after for delivering financial business advice and giving beneficial updates about trends and changes in banking.

Click here to read the roundtable transcript.

Green Bank Sponsors Local Dental Fair in Houston Community

Green Bank Sponsors Houston's Greater Northside Chamber Workshop to Explore Business Opportunities

Green Bankers and Clients Attend Plano's Chamber of Commerce Grand Opening

August 25, 2016

Green Bankers Pamela Zeigler-Petty and Emily Zoog supported the Plano of Chamber of Commerce by attending their grand opening. The chamber relocated to 5400 Independence Parkway; Plano, Texas. They renovated and upgraded the facility and it now includes a business center, conference center and other amenities. 

  

 

Superheroes Unite! In-House Branch Participates in YUM! Brands Vendor Fair

August 17, 2016

The in-house branch at Louisville's YUM! Brands office participated in the annual YUM! vendor fair with a ‘Superheroes Unite” theme. Green Bankers invited participants to play a cornhole game and gave out new $2 bills to winners. 

Cleveland Bankers Support Bridgehaven Child Advocacy Center at Bingo Event

Green Bank employees and clients participated in the Bridgehaven Child Advocacy Center annual Purse Bingo event. More than 600 people attended the event to support Bridgehaven, whose office is in Dayton with a satellite office in Chambers county.

Bridgehaven’s mission statement is to give hope and care to the children of Liberty and Chambers counties who are victims of physical, sexual, and emotional abuse and foster a working relationship with the government agencies of the two counties assigned to protect and defend victims. Bridgehaven is a non-profit organization that was created to help minimize the trauma associated with child abuse investigations.  

Click here to learn more about Bridgehaven.

Dallas Banker Featured on "Today’s Best Business Practices" Panel

June 21, 2016

CEO Focus DFW, part a nationwide organization specializing in providing peer mastermind groups for local business owners, hosted an event to educate local business owners about “Today’s Best Business Practices.” Green Banker Emily Zoog sat on the panel, along with representatives from a law firm, staffing firm and financial planning company. Speaker Jim Muehlhassen engaged the crowd with a presentation about fatal mistakes to make in your business. The event was held at the Cavanaugh Flight Museum in Addison with more than 70 business owners and CEOs in attendance.

  

Green Bank Hosts BBQ to Benefit Breast Cancer Charities of America

BBQ Lunch

June 10, 2016

Green Bank partnered with Stibbs & Co. to host a BBQ lunch at the Woodlands branch. The BBQ benefited Breast Cancer Charities of America, which focuses on educating, empowering and encouraging all women to become pro-active in preventing breast cancer and, if diagnosed, in surviving breast cancer.

 

 

 

 

 

Green Bankers Lead Junior Achievement in a Day Career Day

May 25, 2016

Green Bank is very proud of our efforts with W.T. White High School in Dallas, where our president graduated from in 1979.  

Although the school needs updates and repairs, we found once again that a school is defined by its students, what they create, and that sometimes the teachers have the most to learn. 

In May 2016, we provided a first--financial literacy classes during their annual JA Career Day. A solid cross section of companies and professionals were there--healthcare providers, skilled trades, sales and the Dallas Police Department.  

Something special clicked that day; our financial literacy classes were busting at the seams with engaged students. Nearly the entire senior class actively participated in way which the JA coordinator, school administrators and the volunteers who came to talk about careers had never seen.  At the end of the day, we got to meet more than 300 students and our employees logged 158 community service hours.  
 
“Linking financial literacy with career day worked really well,” said JA Community Partner Coordinator Joanne Smith. “We’ve never combined a JA day and a career day; at WTW, it’s a new event.”

Green Bank volunteers learned a lot; many of them were first-timers and had no idea what to expect. It should not have been a surprise; these special students earned more than $85,000 in college scholarship in 2015.  

Bankers left raving about the experience. We’ve committed to do it again and more often as we continue to develop our community partnerships. We’ve also coined a special name for the day--JA in a Day Career Day.

    

Leadership Plano Links with Area Non-Profits

May 19

Leadership Plano hosted a leadership session at the SMU Plano campus in Plano on May 19. The event introduced Leadership Plano to area non-profits to increase awareness, talk about board leadership and foster partnerships.

Sponsored by the Plano Chamber of Commerce, Leadership Plano is dedicated to educating, developing, and empowering current and future leaders for the community and motivating them to serve civic, charitable and business organizations.  Learn more about Leadership Plano here.

Green Banker Pamela Zeigler-Petty had the opportunity to lead a round table discussion with Dr. Hind Jarrah, executive director of the Texas Muslim Women's Foundation, which serves women affected by domestic violence.

Dana Beckman, Alliance Data
Kayci Prince, Baylor Scott & White Medical Center Plano
Monica Shortino, Capital One
Pamela Zeigler-Petty, Green Bank Plano
Dawn Wolverton, Rent-A-Center
Karen Polan, Toyota
Robyn Johnston, Toyota
Lynne McLean, Children’s Advocacy Center of Collin County
Charmaine Solomon, My Possibilities
Jeanine Alpert, PISO Education Foundation
Nancy Baumgarten, Plano Symphony Orchestra
Jeri Chambers, Plano Youth Leadership
Dr. Hind Jarrah, Texas Muslim Women's Foundation

Cleveland Green Bankers Participate in the Annual Relay for Life

April 22, 2016

Cleveland Green Bankers and their families participated in the annual Relay for Life for the American Cancer Society. The Green Bank team walked the track and played various games to raise money for the cause.

The week before the relay, Lead Client Services Representative Erica Alexander made seven homemade cakes and held a silent auction in the foyer of the Cleveland office. Local businesses and individuals came by to bid on the cakes, and at the close of the auction $1065 was raised from the cakes!

During the event Friday night, Green Bankers participated in various games including the newspaper dress fashion show, the frozen t-shirt contest where you try to unfold and put on a frozen t-shirt, the water balloon toss contest, three-legged race, panty hose bowling and Cheetos toss. Everyone had a lot of fun and raised money for a good cause.

The relay set the Green Bank team fundraising goal at $1000, but we raised
$1,536.87 plus our sponsorship of $1,000.

We look forward to participating in the Relay for Life again next year! 

Green Bank sponsors Distinguished Leadership Award with Plano Chamber

May 3, 2016

For 33 years the Plano Chamber of Commerce has offered Leadership Plano to develop current and future community leaders in civic, charitable and business organizations. The program is divided into month-long segments which acutely explore the elements of a successful community--education, area government, local business and economic development, health and human services, the criminal justice system, the arts and non-profit organizations.

Plano-based Green Banker Pamela Zeigler-Petty is a graduate of Leadership Plano. Along with Private Banking Market Manager Garth Edwards, the bank continues to assist with the celebration and is committed to building a stronger Plano.

Click here to learn more about Leadership Plano.

 

Memorial Green Bankers Run the Grove to Benefit Local Community

April 23, 2016

The Memorial Green Bank team took part in the Run The Grove 5k this past Saturday. The annual event benefited the Timbergrove Manor Adopt an Esplanade Campaign along with the West 11th Street Park Preservation in the Houston Heights. We enjoyed meeting local residents and cheering on the running participants.

Click here to learn more about the annual Run the Grove event.

     

 

Houston Bankers Participate in Day of Caring at Houston Food Bank

March 11, 2016

A team of Houston bankers joined forces with the Houston Food Bank for a Day of Caring. Their volunteer efforts provided 3,100 meals for children in need. 

The Houston Food Bank provides volunteer opportunities for companies and individuals to get involved in the fight against hunger. Click here to learn more.

 

 

  

Green Bank Helped Plant the Seed for Non-Profit that Brings Smiles to Children

March 3, 2016

Hospitalized children benefit from ‘bottles of smiles’

By Michael C. Duke 

A teen-led community service organization is bringing smiles to children in the hospital.

Launched by Congregation Emanu El and Emery/Weiner School students Gavin Roth and Ilana Vines, Bottles of Smiles is a nonprofit organization that supplies hospitalized children with gift bottles, containing items to brighten up their day.

Since its creation in September 2014, when Roth and Vines were high school freshmen, the organization has delivered 3,200 bottles to children across the U.S. and in 34 different countries around the world.

“We did research and learned that children in the hospital often become depressed, especially when they are in the hospital for long periods of time,” said Vines. “Medically, their needs are being met, but they also have social and creative needs.

“We started Bottles of Smiles to meet those additional needs, which are equally important. We chose this project, because we wanted there to be interaction between the child receiving the bottle and the person giving it,” she explained.

Roth added, “We wanted a project that would improve the lives of everyone involved.

“It’s now become part of my life. I work on it at least an hour every day. I can’t imagine not doing it,” he said.

Roth and Vines led a Bottles of Smiles program on Feb. 26. The project was one of several community service projects performed by EWS high school students during their annual Tikkun Olam Day.

“This is a special project, because it does something specifically for kids,” said Ahava Guefen, an EWS sophomore who helped prepare dozens of bottles that morning.

“There are a lot of organizations dedicated to finding cures for diseases, but few reach out to individual patients and are concerned about their mental state. Bottles of Smiles helps brighten their day,” she said.

Bottles of Smiles works by having volunteers fill bottles with personal, handwritten letters, activity sheets, crayons, toys and wristbands. The bottles then are distributed to local hospitals and through organizations like Ronald McDonald House.

Bottles of Smiles became a registered 501(c)(3) non-profit organization this past summer. Shortly thereafter, BBYO adopted it on as one of its Stand Up causes, first on the regional level, and now internationally.

“Less than 24 hours after Bottles of Smiles was launched on BBYO’s website, 400 bottles were ordered from chapters in 10 different states,” Roth said. “It was amazing!”

BBYO chapters and other volunteers that want to participate in Bottles of Smiles order the basic materials from the website. The materials are free, excluding shipping and any other customizable items that one chooses to include.

Though hospitals are strict about protecting patient privacy, the organization’s cofounders occasionally hear from children whose lives they touched.

“A girl contacted us on Instagram. She had thyroid cancer and said she had been hospitalized for 125 days out of the 2014-2015 school year, and she had to travel to another state for medical care,” Roth said. “She said our mission is amazing and she and many others like her are so appreciative of what we’re doing.

“Those stories keep us going,” he said.

Vines said running the organization has taught her valuable leadership skills.

“It’s benefited us just as much as the children receiving the bottles,” she said. “I’ve learned so much by doing this and have grown as a leader and a community member.

“Both Gavin and I were raised by parents who are super into community service. When I was younger, I didn’t understand why that was so important, but now, after starting Bottles of Smiles, I do,” Vines said.

Roth said he has benefited from the experience of running a non-profit organization.

“I really like the logistics side of the organization,” he said. “It’s fun leading the programs, making the promo videos and maintaining the website.

“I’ve gained entrepreneurial experience. We now have a board of directors and it’s taught me a lot about how to communicate with people,” he said.

As for the merits of the organization, itself, the cofounders of Bottles of Smiles said it’s rewarding to give other teens the opportunity to perform a mitzvah.

“When we’re leading programs, we try to raise awareness of what it’s like for children in the hospital,” Vines said. “It teaches us to be appreciative of the lives we have.

“We also emphasize that we started Bottles of Smiles when we were freshmen in high school,” she added. “This is what we accomplished in a year. There’s no reason why other teens can’t do the same, or more.”

Vines and Roth have recorded a series of TED Talks to inspire teens to engage in community service. The pair aims to extend Bottles of Smiles’ reach by recruiting other youth movements and schools to participate. Their goal is to ensure that the organization continues its work after its cofounders graduate from high school.

Vines and Roth also are reaching out to potential donors. Financial donations to the non-profit organization are tax-deductible.

For more information and to become involved with Bottles of Smiles, visit bottlesofsmiles.org.

Click here to read article at the Jewish Herald-Voice.

Bankers Help Beyond Banking

March 7, 2016

Four questions to ask about your banker

By Byron Ellis, Finance Columnist

If you are a business owner, the relationship with your bank can be critical. Don’t get me wrong, as long as things are going smoothly with your business and your bank is not messing up, your banking relationship may be the last thing you are thinking of. But at the moment your business needs cash to help a downturn or you have an opportunity to expand, your banking relationship can make or break you. You need answers now … before you need your banker.

Who is My Banker?

It is important to know exactly who you can contact in the event you need assistance. I am not just talking about the newly hired clerk that happens to answer the phone. I mean your dedicated banker. No one would question the importance of quickly resolving more commonplace occurrences such as losing a debit card, reordering checks, or having a large check placed on hold. Beyond that, a good banker can prove to be a vital partner when your business is growing, but struggling to manage cash flow; when you’re considering a change to your business model; or when you’re planning to expand your existing business or acquire another. Richard Rector, senior vice president, Business Banking with Green Bank in The Woodlands, shared about receiving a call from one of his clients. “She found she was spending too much time managing her inventory, taking her time away from more crucial activities. While I wasn’t able to help her directly, I was able to make a solid introduction to someone with specific expertise in that area” Rector explained.

Good bankers may not be able to handle everything, but they are good at connecting with those who have outside expertise that their clients need.

Is my banker accessible?

Obviously, the above scenario assumes that the person or people managing your banking relationship can be easily contacted. How well can you reach your banker when you need to – by email, phone, text, or perhaps most importantly, in-person? Will your banker respond quickly when you need to send a wire transfer by the end of the business day, and can’t easily make it to the bank? What about when that check you’ve been depositing from the same company for the last five years is placed on hold, again? Can you easily schedule an in-person meeting with them to discuss issues, opportunities, or changes in your business plan?

Does my banker understand my business?

Banking is no longer as simple as it used to be. There are several account options, ways to send, receive, and track money, types of credit facilities, etc. It is true that the overwhelming majority of banks offer the same basic services in this regard, but a good banker will dig deep to learn how you can best put them to use based on how you operate. They are able to structure credit facilities that properly address both your short-term and long-term credit needs, designing the entire banking relationship around you.

Does my banker support my business?

Do they send you potential customers, or introducing you to people who can? Bankers can be an advocate for your company and may even be able to help you grow your top line revenue. Good bankers tend to surround themselves with other professionals in the community – CPAs, attorneys, virtual CFOs/consultants, financial advisors, to name a few. Rector said that “ when (not if) you have an issue that is outside the realm of their expertise, they should immediately respond with, “I know exactly who you need to have a cup of coffee with …”

Ask yourself these four questions, regularly. They keep your banker honest, and they keep you mindful of what you should prioritize in a banking relationship. If you don’t like the answers, you may have outgrown your bank.

Click here to read article at the Courier of Montgomery County.

Cleveland Chamber Names Green Bank "Business of the Year"

February 22, 2016

 

By Vanesa Brashier

Chamber announces top awards at annual gala

The Greater Cleveland Chamber of Commerce held its annual fete on Friday, Feb. 19, where the highlight of the event was the announcement of awards for Business of the Year, Citizen of the Year, Volunteer of the Year and Ambassador of the Year. All of the awards, except that of the top ambassador, were selected by chamber members through submitted ballots.

The awards were announced by Cleveland Mayor Niki Coats, who was assisted by Will Carter, representing U.S. Congressman Brian Babin’s office, and Jim Carson, chief operating officer for the chamber.

Green Bank in Cleveland, under the direction of Branch Manager Terrie Manners, is this year’s Business of the Year. Last year, the bank began providing free office space to the chamber at its branch at 908 E. Houston St.

“They have selflessly given of their time and money in so many ways. Their generosity extends past what they would receive in return for their efforts,” said Coats, reading some of the comments written by chamber members on their ballots.

“This business allows and encourages its employees to give time to activities and functions in the community that will promote positive growth. Its services and products are designed to complement this area in which it exists — a great aspect indeed. Since coming to Cleveland, [Green Bank] has allowed its employees to be a part of the chamber, Rotary Club, Lions Club, senior center and Bridgehaven, as well as participate in city functions such as Treat Street, Hometown Christmas and the Fourth of July,” Coats continued.

Click here to read full article at the Cleveland Advocate.

Green Bank Promotes Financial Health at Cleveland ISD's Health Fair

February 15, 2016

Cleveland banker Terrie Manners represented Green Bank at the Cleveland ISD Employee Health Fair. Over 500 teachers attended the fair that encouraged physical, mental and financial health.

Click here to learn more about Cleveland ISD events.

Dallas Green Bankers Partner with Junior Achievement

January 22, 2016

The Plano office hosted a volunteer training session for Junior Achievement. Twenty-three Green Bankers and several community members attended, and some are already teaching financial literacy classes in the local school adopted by Green Bank.

Junior Achievement is a volunteer-driven program that uses experiential learning with school-age kids to teach financial literacy and inspire entrepreneurship. In 2014-2015, Junior Achievement impacted over 4.6 million students in more than 201,000 classrooms across the US.

Click here to learn more about Junior Achievement.

  

FDIC Hosts Money Smart Training at Dallas and Houston Offices

February 8, 2016

The FDIC hosted two training sessions for Green Bankers to teach the FDIC’s Money Smart program. Bankers will have many upcoming opportunities to partner with the FDIC and lead their Money Smart financial education sessions in their communities.

Since 2001, the Money Smart program has reached over three million consumers with financial education designed to enhance financial skills and create positive banking relationships among low- and moderate-income individuals. The curriculum impacts how consumers manage their finances within months of going through the program. 

Click here to learn more about FDIC’s Money Smart program.

 

Honey Grove Office Supports Local Schools at Chili Challenge

January 23, 2016

The employees of Green Bank's Honey Grove office all participated in Honey Grove ISD's annual Chili Challenge. The event was hosted by Honey Grove ISD's band boosters and FFA club.

Click here to learn more about the event.

   

Houston Green Banker Attends Star of the South Dental Show

January 23, 2016

Houston banker Tina Poindexter represented Green Bank as an exhibitor at the Star of the South dental show. The 45th annual trade show extended an invitation to all professionals in the dental field.

Click here to learn more about the Star of the South.

 

Houston Bankers Receive Training to Teach Financial Literacy Classes

January 11, 2016

Green Bank hosted an employee training at its headquarter office for bankers to get involved with The Women's Resource of Greater Houston. Fourteen bankers received the training necessary to teach financial literacy classes in the community. 

The Women's Resource of Greater Houston desires that all women and girls in our community are financially literate, productive, and self-sufficient. The foundation helps women and girls make choices toward becoming independent, productive and financially stable by providing financial literacy classes and other helpful resources.

Click here to learn more about The Women's Resource of Greater Houston.

Cleveland Chamber Recognizes Green Bank

January 7, 2016

The Greater Cleveland Chamber of Commerce recently recognized Green Bank for its ongoing commitment to the community and thanked the bank for its new office space. In December, the chamber moved into its new headquarters inside the Green Bank Building at 908 E. Houston St.

The new offices have plenty of room for Chamber President Jim Carson and Assistant Tammy Squyres to meet with the community regarding chamber business and host board meetings. Green Bank also provided a boardroom table and leather chairs to accommodate the chamber meetings.

“We felt it was a good way to give back to our Cleveland market,” said Green Bank CEO Geoff Greenwade, explaining his decision to provide rent-free space to the chamber. “We don’t need the space from a bank expansion point of view. The good thing is the chamber should have a permanent home here. We’ll look up in 20 years and the chamber should still be in that space.”

Cleveland Lions Helps Local Family; Green Bank and Community Pitch In

December 18, 2015

Lions deliver Christmas to Cleveland area family

Cleveland Lions Club members presented food, bicycles, clothing and toys to a needy family in the area on Friday, Dec. 18. McCoys, Anderson Ford and Will Cox also gave toward the food and bikes. Pictured is the family, whose name is not being published, and Lions Club members Mike Penry, Thomas Higgins, John Wuensche, Rex Evans, Terrie Manners, Glenda Plumlee, Doris Butler and Carol Wilmoth. Not pictured are Estelle Travathan and Tim Holder.

Click here to read the story at the Cleveland Advocate.

Cleveland Chamber of Commerce Moves Headquarters into Green Bank Office

December 14, 2015

Chamber going into New Year with new staff, office and plans

By Vanesa Brashier

The month of December is all about new starts for the Greater Cleveland Chamber of Commerce. The chamber now has a new chief operating officer, Jim Carson, new board members, a new logo and a new headquarters inside the Green Bank Building at 908 E. Houston St.

On Tuesday, Dec. 5, the chamber hosted a holiday open house to show off its office space, which is being graciously provided by Green Bank at no cost to the chamber.

The new offices have plenty of room for Carson and his assistant Tammy Squyres to meet with the community regarding chamber business and host board meetings. Green Bank also provided a boardroom table and leather chairs to accommodate the chamber meetings.

“We felt it was a good way to give back to our Cleveland market,” said Green Bank CEO Geoff Greenwade, explaining his decision to provide rent-free space to the chamber. “We don’t need the space from a bank expansion point of view. The good thing is the chamber should have a permanent home here. We’ll look up in 20 years and the chamber should still be in that space.”

Carson, the chamber’s new COO, is a previous board member, having recently resigned to apply for the position. He also was a chamber ambassador and served on the chamber’s budget and special events committees.

Before coming to Cleveland, Carson was on the board of directors for the Lake Houston Chamber of Commerce, which was previously known as the Humble Area Chamber of Commerce.

An experienced troubleshooter and problem-solver, Carson worked for companies involved in transportation, armored cars and restaurant property management.

A native of New Jersey, he later lived in Rhode Island when he was in the U.S. Navy and moved his wife and children to Arizona in 1972 to improve the health of one of his children, who suffered from asthma. In 1978, he transferred to Houston with Purolator Armor, Inc.

Carson plans to use his problem-solving skills to help the chamber rebound from a membership decline over the last few years. Already, his efforts appear to be working.

Incoming Board Chairman J. Rice, at the Dec. 3 chamber luncheon, announced his goal in the new year will be to make the chamber more membership-driven.

That sentiment was echoed by Carson, who also believes chambers should be staunch defenders of business members.

“The chamber is many things to many people. We also should be the voice of the businesses if there is a problem,” he said.

Among the plans for the coming year is a new website that allows each chamber member to have a personalized business page on the chamber portal. The page can be updated by the business as new services are added, staff members are replaced or other changes are made.

“People will also be able to make luncheon reservations and any other type online. They will be able to make payments for luncheons and membership dues,” Carson said. “The calendar will also be kept up. Eventually we will come out with a new electronic business directory.”

The chamber also is restoring the yearly awards ceremony to its annual gala. In recent years, the awards had been presented at chamber luncheons.

“The awards for Business of the Year, Volunteer of the Year, etc., will now be announced at this year’s gala on Feb. 19. The theme will be Winter Wonderland,” Carson said.

The chamber needs more volunteers to help host the events. Anyone who is interested in joining the chamber, attending an event or volunteering is asked to call 281-592-8786 or send email to info@clevelandtxchamber.com.

Click here to read the article at the Cleveland Advocate.

HBJ Lists Green Bank and Patriot Bank Merger as a Finalist for Deal of the Year

December 10, 2015

HBJ reveals 2015 Deals of the Year finalists


By Emily Wilkinson

Houston, it's time to celebrate prosperity.

Despite oil prices dropping 60 percent from 2014’s peak — or perhaps because of that — Houston’s dealmakers were busy this year. This year, 47 deals have been named finalists in Houston Business Journal's 2015 Deals of the Year awards.

The Green Bank and Patriot Bank merger is listed as one of the top deals in banking and finance.

Click through the slideshow to find out which deals made the cut in 10 categories.

Green Banker Attends Annual Texas Mezzanine Fund Meeting

December 3, 2015

Over 75 people attended the annual Texas Mezzanine Fund Shareholders Meeting in Dallas on December 3, 2015. Green Banker Pamela Zeigler-Petty (pictured right with TMF President and CEO Victor Elmore) currently serves on the Loan Committee and previously served on the organization's Board of Directors.

The Texas Mezzanine Fund is a community development corporation certified by the US Department of the Treasury as a Community Development Financial Institution and Community Development Entity.

Click here to learn more about the Texas Mezzanine Fund.

USDA Loan Helps Green Bank Client Build State-of-the-Art Battery Recycling Facility

November 13, 2015

By Allan Gerlat

Acqua Metals has secured a $10 million loan to build a facility to recycle lead batteries near Reno, Nev.

The Alameda, Calif.-based Acqua Metals received the loan from the U.S. Department of Agriculture (USDA) Rural Development and Green Bank to build its first AcquaRefinery at the Tahoe Reno Industrial Center (TRIC), according to a news release.

Rather than traditional smelting as a lead battery recycling method, AcquaMetals will employ its continuous electrochemical system, called AcquaRefining, which it claims is safe and environmentally friendly.

The process packages the lead into a brick that can be reused.

The company will produce lead at 80 metric tons per day and then 160 metric tons per day by 2018. The cost of the new facility is estimated at $29.6 million.

Acqua Metals plans to apply the proceeds to expand its lead recycling capacity.

“Demand for our recycling capacity has been strong,” said Stephen Clarke, Acqua Metals chairman and CEO. “This USDA backed loan provides Aqua Metals a key piece of financing with which to expand our initial AquaRefinery.”

Acqua Metals called the traditional smelting process one of the top three most polluting industrial processes in the world, for the planet’s most common type of battery.

Lead-acid batteries have the highest recycling rate of any product sold in the United States; the most recent data from the U.S. Environmental Protection Agency (EPA) puts the rate at 95.9 percent. The high rate is because of the value of the lead and plastic components of the used battery, the ease of returning a used battery when purchasing a new battery, and laws in 39 states requiring the retailer take back the used battery when a new battery is purchased, according to a recent Waste360’s Profiles in Garbage report.

Click here to read article at Waste 360

Green Banker Supports Art Event at ArtCentre of Plano

October 24, 2015

Celebrating for the Love of Art

Plano individuals and organizations that have made significant and lasting contributions to the arts were honored at the ArtCentre of Plano’s For the Love of Art event Saturday, October 24. Green Banker Pamela Zeigler-Petter (pictured right) serves on the ArtCentre Board of Directors and helped plan this event.

Attendees were welcomed into the eclectically decorated Haggard Party Barn with a glass of wine and were invited to bid on the silent auction, a beautiful collection of artworks donated by local artists.

Such was the outstanding quality of the pieces on exhibit, that by the end of the evening every piece had been purchased, finding a new home among the many art aficionados taking part in the celebration.

In addition, the ArtCentre was lucky enough to have Plano Independent School District musicians play at the event. The Plano ISD instructors formed a Jazz combo as well as a stringed quintet that entertained guests at the VIP reception, as well as during dinner and breaks throughout the evening.

During dinner, the honorees were presented with awards created by glass artist Jim Bowman.

The event’s theme, “Celebrating Art and Education,” honored the impact that these two important concepts have on our culture and on each other.

Catered by event sponsor Market Street, the dinner was served by a team of HIPsters (Hugely Important People) of My Possibilities who provide continuing education and vocational training for adults with disabilities, including a wide range of diagnoses such as Autism, Down Syndrome, Asperger Syndrome, Prader-Willi Syndrome, head injuries and neurological disorders, among others.

ArtCentre of Plano

Founded in 1981, the ArtCentre of Plano is a private nonprofit organization which aims to promote the growth and development of emerging community arts groups, as well as inspire, support and promote excellence, diversity and vitality in the arts and arts education of the community.

The ArtCentre of Plano will be the focal point of the new Arts District of Plano when it moves into the landmark Saigling House in Haggard Park following an extensive renovation. The ArtCentre is partnering with the City of Plano in an exciting plan to create an arts and events center adjacent to Haggard Park.

Click here to read full article by Rebecca Silvestri, Plano Profile.

Green Bank Participates in Golf Tournament to Support Hope's Door in Plano

October 1, 2015

A Drive Against Domestic Violence

By Rebecca Silvestri, Plano Profile

Green Bankers participated in the second annual Kenny's Charity Golf Tournament to support Hope's Door and their mission to help families affected by domestic violence. The tournament raised over $20,000 to benefit Hope's Door. The tournament was organized by Kenny’s Restaurant Group, who have one restaurant in Plano – Kenny’s Smokehouse on Legacy Drive, as well as Kenny’s Burger Joint, also on Legacy Drive, but in Frisco, as well as Kenny’s Wood Fired Grill in Dallas, and Kenny’s Italian Kitchen in Addison.

Click here to read article at the Plano Profile.

Green Banker Attends Best of Plano 2015 Awards with Client

October 1, 2015

Pamela Zeigler-Petty recently attended the Best of Plano 2015 Awards with Green Bank customer Fred Moses, CEO of Moses Realty. Fred Moses has an award named after him - the Fred Moses Minority Business Development Award. This year's recipient  was Tom Cao of Flowerama. Each year, the Chamber of Commerce extends various awards to businesses and philanthropists for their contribution to the Plano community.

"Best of Plano honors those individuals and companies that make Plano such a great place to build a business, start a family, and serve a mission,” said Plano Chamber President/CEO Jamee Jolly. “This year’s recipients are true servant leaders and corporate citizens, including a family whose name is synonymous with Plano and philanthropy."

Click here to read more about the Best of Plano Awards event.

Cleveland Banker Celebrates 30 Years at Green Bank

September 30, 2015

By Vanesa Brashier

Clifton Wilridge, local minister and former mayor of Cleveland, is celebrating 30 years in banking at Green Bank.

Though the name of the bank has changed over the years, one mainstay at the Cleveland branch, located at 908 E. Houston St., is Wilridge.

He started as a teller and has remained in that position by choice, said Wilridge.

“I like to talk to people at the bank,” he said, adding that working as a teller allows him to interact with bank customers throughout the day.

Terrie Manners, the branch manager for Green Bank, assisted by Wilridge’s family, coordinated a surprise party in his honor on Sept. 30, the same day in 1985 that he started at the bank.

In addition to serving 15 months as mayor of Cleveland, Wilridge served on the Cleveland ISD board of trustees for 12 years. He also is the pastor of Jasper Missionary Baptist Church, a position he has held for five years.

Wilridge, 59, a lifelong resident of Cleveland, and his wife, Mary Ann, have three children and four grandchildren.

Click here to read article at the Cleveland Advocate

Green Bank Employees Celebrate Fall with Pumpkin Carving Contest

The Houston support services staff celebrated fall with a pumpkin carving contest. There were 13 entries submitted and a good time was had by all.

And the winners are:

First place goes to Cindy Kindrick for her bat pumpkin. Cindy won an autographed Texans football donated by Green Bank President and CEO Geoff Greenwade.

Second place goes to Branch Ops for the Minions pumpkins. They won Green Bank footballs and Green Bank gift cards.

Third place goes to Tien Le for his mummy pumpkin. Tien won a Green Bank football and Green Bank gift card.

Dallas Bankers and Rebuilding Together Present Revitalized Home to Local Veteran

Dallas Morning News

 

Vet receives donated home with help from Rebuilding Together Greater Dallas

By JULISSA TREVIÑO
August 16, 2015

After years of living on the street, in homeless shelters, and later, in a neighborhood he deemed too unsafe for his daughter, Ben Anderson got the home of his dreams Aug. 7.

Anderson, a Marine vet and single father, received a custom remodeled home as part of the Rebuilding Together Greater Dallas’ Homes4Heroes program.

He said the home is blessing, especially for his daughter, A’Naijah McQueen, who turns 8 later this month.

“It gives me peace of mind that she can play outside, peace of mind she won’t ever be homeless,” said Anderson, 55.

The Homes4Heroes program, which gives remodeled homes to deserving local veterans, started about four years ago, said Dennis Luellen, executive director of Rebuilding Together.

It is a side project of Rebuilding Together’s main focus: home repairs for low-income homeowners, seniors and veterans to address safety, health and mobility issues. The Dallas arm of the national organization was founded in 2002.

Veterans who are nominated for a home through the program must have been honorably discharged and live in the low- to moderate-income range.

“After that, we look at giving to the deserving veteran,” Luellen said. “That’s where their stories come in.”

Anderson’s story is hard to forget.

Anderson served in the U.S. Marines in the late 1970s as an electrical technician, where he was exposed to severe radiation. Having suffered health challenges, he was honorably discharged.

“I had trouble with my legs and foot, and I was complaining of symptoms from the radiation,” he said. “Dizziness, vomiting, black spots on my back.”

He said his health problems caused issues with finding consistent work over the years.

In 2008, he was diagnosed with prostate cancer, which he believes might have been linked to exposure to ionizing radiation; it has since gone into remission.

After losing his oldest daughter, then 10 years old, and the mother of his children to a drunk driver, Anderson became a single father to A’Naijah in 2012.

“It was a whole series of things,” he said. “I stay strong for her.”

After living on the street and in a homeless shelter, Anderson found the Housing Crisis Center, an organization that provides accommodations for veterans and their families facing homeless situations.

The organization placed Anderson and A’Naijah in an apartment in Oak Cliff, but Anderson said it wasn’t family friendly and he wasn’t comfortable letting her play outside.

Luellen said he originally had a hard time finding a veteran for the South Dallas home, which was donated by Home Vestors.

“At the time, we had about 14 veterans on our wait list,” he said. “No one was interested among the veterans because of the area it was in. We were giving a house away.”

Luellen reached out to his connections and asked for a referral.

Anderson’s case worker at Housing Crisis Center, Yolanda Williams, referred him to Rebuilding Together.

“I jumped at the opportunity,” she said. “He is so motivated. Just the way he makes sure to get his daughter to school every day despite whatever health issues he has. He does a great job.”

Because Anderson is undergoing chemotherapy for multiple myeloma bone cancer at the VA hospital about five minutes from the South Dallas home, Luellen said “it was the perfect fit.”

“Ben has been dealt really bad hands in the game of cards we call life,” Luellen said.

Anderson was selected for the program in May.

Since then, he and his daughter have been living in at the Cypress Waters apartments in Coppell; the developer offered the apartment free of charge while Rebuilding Together finished working on the home.

Anderson’s three-bedroom, two-bathroom house has been fully furnished with new furniture, bedding, cooking utensils, groceries and clothing thanks to Dwell with Dignity.

Dwell with Dignity helps furnish and decorate homes for families trying to escape poverty and homelessness. Formed in 2009, the organization plans to have completed 80 projects by the end of 2015. This is its second year partnering with Rebuilding Together.

“We provide everything that that family may need for their interiors. We provide the furniture, rugs, artwork, all they need in their kitchen,” said Lisa Robison, founder and president of Dwell with Dignity. “The family can move in that day and start living.”

For this home, Robison said the main goal was to make the indoors comfortable for Anderson, who has some trouble walking.

“He’ll have an office space he’ll share with his daughter. He has a lot of medical bills, so he needs a place to be able to sort all of that out,” she said.

A’Naijah also requested something pink for her room.

“We really made her a fairy princess room,” Robison said.

A’Naijah saw her bedroom for the first time with a smile on her face.

“Can I sleep in this bed?” she said.

The Homes4Heroes program is funded by the North Texas Fair Housing and sponsorships, including Home Depot and Wells Fargo. The reconstruction of the home cost more than $70,000.

Luellen said the organization is already working on the next Homes4Heroes project, which it expects to complete around Christmas. He hopes to be able to expand the program in the near future.

Anderson and his daughter are expected to be moved into the home by Saturday.

He said it won’t take any time for he and his daughter to adjust to their new lives.

“This is truly a prayer,” he said. “I know this little girl will always have a home.”

Click here to read the article at The Dallas Morning News.

Cleveland Green Bankers Help "Fill the Backpack"

Cleveland Green Bankers Help "Fill the Backpack"

August 4, 2015

Cleveland Green Bank employees participated in the "Fill the Backpack" event at the Cleveland Civic Center. Green Bankers were there to hand out much-needed school supplies as nearly 525 local kids lined up.

From Green Bank’s Door to Hope’s Door

Since 1986, Hope's Door in Collin County, has offered safety, shelter, healing and hope to individuals and families affected by domestic violence. Originally, established in 1986 as a crisis hotline, Hope’s Door specializes in comprehensive abuse intervention and prevention services for all family members and provides a 21-bed emergency shelter. Through the years, services have expanded to include transitional housing, counseling for adults and children, legal advocacy and services for abusers.

Green Bank’s Plano Parkway headquarters is completing a renovation in an effort to consolidate bankers into a central location. For Hope’s Door, it was also a chance to update their facilities and provide furniture to those in need in our community--in all, 10 offices worth of furniture and accessories were donated.

Green Bankers Pamela Zeigler-Petty, business banking and community development officer, and Kenneth Montag, facilities director, coordinated the donation and delivery with Hope’s Door CEO, Jim Malatich. 

“We’re pleased to know that our furniture is helping Hope’s Door continue to serve families impacted by domestic violence and excited to provide a valuable resource to the organization’s mission,” said Zeigler-Petty.  “We’re honored Green Bank has been able to positively impact citizens in our community.”

Take a minute to learn more about Hope’s Door, we’re sure you’ll be as impressed as we are.

Green Bank Awarded Chairman’s Council Plaque with Plano Chamber of Commerce

July 2, 2015

Green Bank was recently awarded the Chairman’s Council Plaque from the Plano Chamber of Commerce. Emily Zoog, vice president of business and private banking, represented Green Bank and accepted the award. Emily is pictured below (middle), along with Jamee Jolly, Plano Chamber of Commerce President and Al Valenti, Chairman of the Board for the Chamber.

Green Banker Zeigler-Petty to Focus on Community Development

PLANO, TX; July 1, 2015 – Green Bank, NA, announced the appointment of Pamela Zeigler-Petty as Senior Vice President of Business Banking, Community Development. In her new role with Green Bank, Zeigler-Petty will be responsible for developing new commercial business relationships, as well as enhancing the bank’s visibility by promoting community and economic development opportunities statewide.

“Pamela’s new role at Green Bank is essential to strengthening the bank’s relationship within the community, business and civic leaders,” said Geoff Greenwade, Green Bank president. “Her background and passion for impacting communities will be a valuable addition to the bank and the markets we serve.”

Zeigler-Petty formerly served as vice president and commercial lender for SharePlus Bank, which Green Bank acquired in 2014.  Zeigler-Petty’s commercial banking experience incorporates specialized lending areas such as the Small Business Administration (SBA) and public, institutional and not-for-profit banking.  Her early banking career included service as the director of community development for an Arkansas-based bank where she established a statewide community development division and championed initiatives to provide capital for small businesses and affordable housing. Zeigler-Petty also served nine years with another Texas bank.

Zeigler-Petty holds a Bachelor of Arts degree in Communications from Grambling State University in Grambling, LA, and has numerous commercial banking certifications.  Zeigler-Petty is a graduate of Leadership Plano and Leadership Greater Little Rock, where she served on the board of trustees with the chamber of commerce. Most recently, she was elected to the board of directors of the ArtCentre of Plano and inducted and appointed to the audit committee, with the Plano North Metroplex Chapter of The Links, Incorporated.

Throughout her career, Zeigler-Petty has remained committed to volunteering and served in various roles as a Rotarian, including:  past president of the Rotary Club of McKinney Sunrise; co-chair, finance committee for TEDx Plano 2014; and coordinator, Non Profit Excellence Workshops with the Junior League of Collin County.

Zeigler-Petty has participated and served with numerous community and professional organizations, including statewide funds, the Texas Mezzanine Fund, Local Initiatives Support Coalition, Credit Coalition, The Women’s Finance Exchange, Dallas Fort Worth Minority Supplier Development Council, Texas Christian University Parents Council and Alpha Kappa Alpha Sorority, Incorporated.

About Green Bank

Green Bank, N.A. is a wholly owned subsidiary of Green Bancorp, Inc., NASDAQ GNBC. Headquartered in Houston, the bank focuses on the commercial and private banking needs of middle market businesses and individuals with innovative products and personal 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.  greenbank.com.

# # #

Merger to Bring Two Locally Based Banks Together

May 27, 2015

By Andrea Rumbaugh

Green Bancorp announced Wednesday that it will buy local competitor Patriot Bancshares for about $139 million.

"This acquisition is a significant step toward achieving our strategic goal of becoming a $5 billion asset bank," said Manny Mehos, chairman of Green Bank, during a conference call with investors.

The combined Houston-based banks will have 23 locations and roughly $3.6 billion in assets. The bank, operating as Green Bancorp and its subsidiary Green Bank, will focus on businesses with $1 million to $100 million in revenues.

This is Green Bancorp's sixth acquisition since 2006, and Mehos hopes there are several more to come.

"We're going to be out searching for more," he said. "That's no exaggeration."

Geoff Greenwade, president and CEO of Green Bank, said the two banks both target middle-market business clients and have branches in the same cities. Patriot Bancshares will add six locations in the Houston area and three in the Dallas area, strengthening Green Bancorp's existing presence in these areas.

"Having the right locations is a key component to our success, and Patriot's branches complement ours well,"Greenwade said.

Once the stock deal is completed, the company will have 12 banks in the Houston area, nine in the Dallas area, one in Austin and one in Louisville, Ky. Greenwade doesn't expect to close any branches and said the bank will look to see if it needs to lay off employees after the deal is completed.

Dan Bass, managing director of investment banking for bank advisory firm Performance Trust Capital Partners, said the combined bank will be a big competitor in Houston.

'Good for Houston'

"It's good for Houston," he said. "It creates another large, local player that should be successful."

And having $3.6 billion in assets puts Green Bancorp in the sweet spot, said C.K. Lee, Dallas-based managing director for Commerce Street Capital. The boutique investment banking firm focuses on the financial services sector.

He said banks with $3 billion to $7 billion in assets tend to drive better returns for their shareholders than their larger and smaller peers. Green Bancorp had $2.3 billion in assets as of March 31.

Across the nation, banks are consolidating. Lee said their stocks are performing well overall, which helps with deals, and high regulatory costs are pushing smaller banks to be acquired by larger ones that can handle the expense.

"We think consolidation in general will continue at a strong pace," he said.

The deal is expected to close in the fourth quarter. Once finalized, Green Bancorp shareholders will own about 71 percent of the stock and Patriot Bancshares shareholders will own about 29 percent.

Vice chairman

The company will be led by Green Bancorp's management team. Don Ellis, chairman and CEO of Patriot Bancshares, will become vice chairman of the board.

Ellis views the deal as a merger instead of an acquisition.

Being larger allows the bank to provide its clients with additional services at lower costs, Ellis said.

"It's a 100 percent stock transaction," he said. "We're buying into Green Bank and the future we can create together."

Green Bancorp's stock closed Wednesday at $13.39, up 43 cents on the day.

The deal was announced after stock market closed.

Green Bancorp, Inc. and Patriot Bancshares, Inc. Announce Merger Plans

May 27, 2015

Creates the 15th Largest Bank Headquartered in Texas

HOUSTON, May 27, 2015 (GLOBE NEWSWIRE) -- Green Bancorp, Inc. (Nasdaq:GNBC) and Patriot Bancshares, Inc. announced today they have entered into a definitive agreement and plan of merger valued at approximately $139 million based on the closing price of Green Bancorp common stock on May 26, 2015. The merger will result in a leading commercial bank specializing in serving small-to-middle market commercial clients in Houston, Dallas and Austin.

Upon completion of the merger, the combined company will have approximately $3.6 billion in assets, $2.8 billion in gross loans and $3.0 billion in deposits across 23 locations operating as Green Bank. Patriot Bancshares adds 6 locations in Houston, 2 in Dallas and 1 in Fannin County, Texas, strengtheningGreen Bancorp's existing presence in the Houston and Dallas metro areas. The combined institution will be the 15th largest bank headquartered in Texasand the 7th largest Texas bank by deposits in the Houston metro area.

Green Bank Chairman, Manny Mehos, said, "We formed Green Bank in 2006 to take advantage of what we believed would be a wave of consolidation in the Texas banking industry. Our goal from the beginning was to build a $5 billion in assets bank with a geographic focus on the very attractive growth markets of Houston, Dallas-Fort Worth, and Austin. Over the last nine years, we have successfully completed and integrated five acquisitions buildingGreen Bank into a strong middle market bank with over $2 billion in assets."

Mr. Mehos continued, "Today, I am very pleased to announce our merger with Patriot Bancshares which marks a significant step towards the realization of our goal as well as positioning Green Bank to accelerate our strategy. This merger provides the necessary scale for Green Bank to be a significant competitor in our markets as well as an extremely attractive merger partner for future deals."

Geoff Greenwade, President and Chief Executive Officer of Green Bank, added, "Patriot Bancshares is the perfect partner for Green Bank given their complementary branch network, similar business philosophy, and opportunity to leverage our bankers' relationships to drive organic growth. Patriot's management team has built a bank that fits very well with our portfolio banker model. This merger also helps to strengthen our existing presence inHouston and Dallas in addition to diversifying our loan and deposit bases."

Don Ellis, Chairman and Chief Executive Officer of Patriot Bancshares, concluded, "Today is an important day for our bank, our employees and our shareholders as we join the Green Bank team. I believe this merger positions our combined bank to become the premier Texas franchise and believe Patriot shareholders will benefit from the long term value creation that this platform is uniquely positioned to generate."

The combined company will continue to operate under the Green Bancorp name and its principal banking subsidiary will continue under the name Green Bank, N.A. The combined company will be led by Green Bancorp's Manuel Mehos as Chairman and Chief Executive Officer, Geoffrey Greenwade as President, John Durie as Chief Financial Officer and Donald Perschbacher as Corporate Chief Credit Officer. Patriot Bancshares Chairman and Chief Executive Officer Don Ellis will be named Vice Chairman of Green Bancorp's board.

The merger agreement provides that Green Bancorp will issue at the closing 10,757,273 shares of Green Bancorp common stock to Patriot Bancshares shareholders in exchange for all outstanding Patriot common shares as well as Patriot Bancshares' $10.4 million Series D and Series F preferred stock which will be converted to Patriot common stock in advance of the closing.  In addition, it is expected that Patriot Bancshares' $27.3 million Series B and Series C TARP preferred stock (now held by private shareholders) will be redeemed in connection with the closing. The transaction is expected to generate significant earnings per share accretion from identified cost savings. Upon closing, Green Bancorp shareholders will own approximately 71% of the stock of the combined company and Patriot Bancshares shareholders will own approximately 29%.

Approvals

The transaction has been approved by the Boards of Directors of both companies, and is expected to close in the fourth quarter of 2015. The transaction is subject to approval by each company's shareholders, as well as regulatory approval and other customary closing conditions. Certain shareholders ofGreen Bancorp and Patriot Bancshares have agreed to vote in favor of the transaction.

Advisors

Jefferies LLC served as financial advisor to Green Bancorp. Skadden, Arps, Slate, Meagher & Flom LLP served as Green's legal counsel. Keefe, Bruyette & Woods, Inc. served as financial advisor to Patriot Bancshares. Harris Law Firm PC and Fenimore, Kay, Harrison & Ford, LLP served as Patriot's legal counsel.

Conference Call

Green Bancorp will host a conference call and webcast on May 27, 2015 at 5:00 p.m. Eastern Time to discuss the transaction. The conference call can be accessed live over the phone by dialing 1-877-407-0789, or for international callers, 1-201-689-8562. A replay will be available starting at 8:00 p.m. Eastern Time on May 27, 2015 and can be accessed by dialing 1-877-870-5176, or for international callers, 1-858-384-5517. The passcode for the replay is 13611071. The replay will be available until 11:59 p.m. Eastern Time on June 3, 2015.

About Green Bancorp

Headquartered in Houston, Texas, Green Bancorp, Inc. is a bank holding company that operates Green Bank, N.A., in Houston, Dallas and Austin. Commercial-focused, Green Bank is a nationally chartered bank regulated by the Office of the Comptroller of the Currency, a division of the Department of the Treasury of the United States. To learn more about Green Bancorp, please visit the Company's web site at www.greenbank.com. Green Bancorp uses its web site as a channel of distribution for material Company information. Financial and other material information regarding Green Bancorp is routinely posted on the Company's web site and is readily accessible.

About Patriot, Bancshares, Inc.

Headquartered in Houston, Texas, Patriot Bancshares, Inc. is a bank holding company that operates Patriot Bank in the Houston and Dallas metro areas and in Fannin County, Texas. To learn more about Patriot Bancshares, please visit the Company's web site at www.patriotbankusa.com.

Forward-Looking Statements

The information presented herein and in other documents filed with or furnished to the Securities and Exchange Commission (the "SEC"), in press releases or other public shareholder communications, or in oral statements made with the approval of an authorized executive officer contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 giving Green Bancorp, Inc.'s and Patriot Bancshares, Inc.'sexpectations or predictions of future financial or business performance or conditions. Forward-looking statements are typically identified by words such as "believe," "expect," "anticipate," "intend," "target," "estimate," "continue," "positions," "prospects" or "potential," by future conditional verbs such as "will," "would," "should," "could" or "may", or by variations of such words or by similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties which change over time. Forward-looking statements speak only as of the date they are made and we assume no duty to update forward-looking statements.

You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date such statements are made. These statements may relate to future financial performance, strategic plans or objectives, revenues or earnings projections, or other financial information. By their nature, these statements are subject to numerous uncertainties that could cause actual results to differ materially from those anticipated in the statements. Statements about the expected timing, completion and effects of the proposed transactions and all other statements in this release other than historical facts constitute forward-looking statements.

In addition to factors previously disclosed in Green Bancorp, Inc.'s reports filed with the SEC and those identified elsewhere in this communication, the following factors among others, could cause actual results to differ materially from forward-looking statements: ability to obtain regulatory approvals and meet other closing conditions to the merger, including approval by Green Bancorp, Inc.'s and Patriot Bancshares, Inc. 's shareholders, on the expected terms and schedule; delay in closing the merger; difficulties and delays in integrating the Green Bancorp, Inc. and Patriot Bancshares, Inc.  businesses or fully realizing cost savings and other benefits; business disruption following the proposed transaction; changes in asset quality and credit risk; the inability to sustain revenue and earnings growth; changes in interest rates and capital markets; inflation; customer borrowing, repayment, investment and deposit practices; customer disintermediation; the introduction, withdrawal, success and timing of business initiatives; competitive conditions; the inability to realize cost savings or revenues or to implement integration plans and other consequences associated with mergers, acquisitions and divestitures; economic conditions; and the impact, extent and timing of technological changes, capital management activities, and other actions of the Federal Reserve Board and legislative and regulatory actions and reforms.

Annualized, pro forma, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results.

Additional Information About the Proposed Transaction and Where to Find It

This communication is being made in respect of the proposed merger transaction involving Green Bancorp, Inc. and Patriot Bancshares, Inc. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities.

Investors and security holders are urged to carefully review and consider Green Bancorp, Inc.'s public filings with the SEC, including but not limited to its Annual Reports on Form 10-K, its proxy statements, its Current Reports on Form 8-K and its Quarterly Reports on Form 10-Q. The documents filed byGreen Bancorp, Inc. with the SEC may be obtained free of charge at Green Bancorp's investor relations website at investors.greenbank.com or at theSEC's website at www.sec.gov. Alternatively, these documents, when available, can be obtained free of charge from Green Bancorp upon written request to Green Bancorp, Inc., Attn: Investor Relations, 4000 Greenbriar Street, Houston, TX 77098 or by calling (713) 275-8220.

In connection with the proposed transaction, Green Bancorp, Inc. intends to file a registration statement on Form S-4 with the SEC which will include a joint proxy statement of Patriot Bancshares, Inc. and Green Bancorp, Inc. and a prospectus of Green Bancorp, Inc., and will file other documents regarding the proposed transaction with the SEC. Before making any voting or investment decision, investors and security holders of Patriot Bancshares, Inc.and Green Bancorp, Inc. are urged to carefully read the entire registration statement and joint proxy statement/prospectus, when they become available, as well as any amendments or supplements to these documents and any other relevant documents filed with the SEC, because they will contain important information about the proposed transaction.  A definitive joint proxy statement/prospectus will be sent to the shareholders of each institution seeking the required shareholder approvals. Investors and security holders will be able to obtain the registration statement and the joint proxy statement/prospectus free of charge from the SEC's website or from Green Bancorp, Inc. by writing to the address provided above.

Green Bancorp and Patriot Bancshares and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from their shareholders in connection with the proposed transaction. Information about these participants may be found in the definitive proxy statement ofGreen Bancorp relating to its 2015 Annual Meeting of Stockholders filed with the SEC on April 30, 2015. The definitive proxy statement can be obtained free of charge from the sources indicated above. Additional information regarding the interests of such participants will be included in the proxy statement and other relevant documents regarding the proposed merger transaction filed with the SEC when they become available, copies of which may also be obtained free of charge from the sources indicated above.

Hard Work Pays Off for Cleveland High School Seniors

May 24, 2015

By Jacob McAdams

Terrie Manners, vice president of private and business banking, presents the Cleveland Chamber of Commerce Student Ambassadors Scholarships to five Cleveland seniors. Pictured are (left to right) Manners, Christopher Hodge, Sandra Wright, Brandon Breazeale, Taylor Barnes and Daryan Canchola. Wright also received the Tarkington Masonic Lodge Scholarship while Breazeale received the Liberty County A&M Aggie Mom's Scholarship, the Charles Barker Memorial Scholarship and the Sally Carl Daniel Memorial Scholarship. Barnes also received the Delta Kappa Gamma Scholarship. They each received a $1,100.00 scholarship from the chamber for participating.

Green Bancorp's Risk Management Will Continue To Move Shares Higher

May 18, 2015

By Dallas Salazar, Seeking Alpha

Summary

  • GNBC put up an excellent quarter in the face of a worst case scenario - its second in a row into the oil and gas pricing collapse.
  • GNBC also gave further granularity as to its energy lending portfolio and detailed that the risk is being well-managed, a large reason shares have traded 2 points higher since earnings.
  • I believe GNBC will do what is necessary, even if that means making near-term concessions, to navigate out of this high stress environment.
  • Expect GNBC to continue to execute and for shares to continue to move higher.

Green Bancorp (NASDAQ:GNBC) continues to be a bank that regional banking investors looking to build a position at a low cost basis need to watch. I initiated coverage of GNBC back at $10.05 at the peak of oil and gas pricing fear contagion after GNBC shares had sold off from post-IPO highs of $18. My guess was that GNBC wouldn't be hurt as bad by its energy heavy loan book as consensus had feared (inclusive of working with the borrowers and being lenient with covenants) and even if GNBC was clipped for its energy heavy lending that it would "eventually" survive.

At its market cap back at ~$10 I could buy this bank, even stressed, and simply wait it out. Now, with Q1/15 reporting on the books and coming in way better than anybody could have expected its looks like my prediction that GNBC would "have buyers deep in the green" at reporting has been realized. Shares shot up from ~$12 to $14 on earnings and have since trickled down a half point. Still, there's plenty of room left in this name just to get back to IPO pricing at $18. Frankly, with the balance sheet progress GNBC has shown since its IPO I think this banks worth significantly more than $18 but we'll stick to that as the goal in an effort to not be sensational.

So what about Q1/15 has me bulled up? Several things but mostly the elephant in the room that's appearing to be smaller and smaller by the quarter - GNBC's energy exposure. In its Q1 investor deck GNBC detailed that its energy related exposure was down to 13% of its portfolio and that it was split between reserve-based lending (8%) and service companies (5%). Additionally GNBC detailed that for its reserve-based lending it only lends to proven reserves with an emphasis on proven developed producing reserves; and for its service company lending that its top 9 borrowers comprise 89% of the total oilfield service exposure.

First, let me say this level of granularity is appreciated. Second, let me say that I think the reserve-based borrowers will be find as I think we're going to see both an uptick to commodity pricing into year-end (especially natural gas) and an uptick to M&A as some of the stressed borrowers in the space (potentially borrower on GNBC's books) will realize it might be easier/more realistic to sell than try to develop out of this downturn (for reasons that are outside the scope of this article). Of course both are speculation and should be noted as so. Third, I'll say that I think GNBC's service company borrowers stand a good chance at taking impairments to the loans unless GNBC is willing to make significant allowances in the mid-term, BUT that I do think that GNBC would make those concessions to help de-stress the loans. Plenty of service lenders have already made these allowances based on my analysis of the energy sector through Q1/15. That said, while these loans would take a near-term contribution hit the fact would remain that the loans would eventually be recoverable in their entirety - my guess is the concessions involve interest only payments for a while and or payments being moved from the immediate term to the back end of the loan.

Regardless of those forward looking speculations GNBC was able to navigate its energy dense book through a historically tough time and was able to actually move the financials forward as-is, an impressive feat to say the least. GNBC grew EPS 5.9% Y/Y, net income 33% Y/Y - in-line with net income from the previous 4 quarters (85 bps ROA), showed pro forma 30% loan growth Y/Y, decreased non-performing assets to just 63 bps of total assets (110 bps at Q1/14 reporting), and showed a pro forma 30% uptick to deposits. Both the deposit and loan "books" showed healthy internals from a composition standpoint (outside of the potential energy exposure). GNBC showed a 3 bps reduction to cost of deposits on the quarter and had a loan yield rate of a healthy 4.92% on the quarter. Maybe most impressive, in a period of falling rates and NIM pressure across the banking landscape, GNBC actually grew NIM and net interest income Y/Y (in a big way) and sequentially. Dating back five sequential quarters now GNBC has driven NIM and NII higher - largely a function of its higher leveraged and higher risk lending but impressive none the less.

Finally, GNBC continues to make progress into lowering its efficiency ratio, showing a series of lower lows (although not perfectly linear) since 1Q/14 (posting 61.3%, 58.3%, 61.1%, 60.6% and 59.9% in Q1/15), and remains well positioned to see a NII expansion in the case of rising rates (+200 bps = 19.6% increase to NII, +100 bps = 10.7% increase to NII, -100 bps = 3.9% contraction to NII). I believe this makes GNBC, along with its higher yielding loan book and pipeline, highly differentiated in the space and the reason shares traded at such a high price post-IPO.

Largely nothing has changed about the GNBC story and the bear cases haven't played out since shares took their nose dive. GNBC is still a very attractive bank that doesn't have the yield and/or defensive (to rising rates) issues that other banks have and are just now deciding to deal with. Unless there is an absolute implosion of its loan book you can bet on GNBC capturing that $18 price target it was traded at by year-end.

Click here to read the article at Seeking Alpha.

Green Bank Sponsors and Participates in 2015 Cleveland Relay for Life

April 27, 2015

The Liberty County Relay for Life brought out many people from the community who joined the fight to end cancer. The American Cancer Society Relay for Life is the world's largest and most impactful fundraising event to end cancer. It unites communities across the globe to celebrate people who have battled cancer, remember loved ones lost, and take action to finish the fight once and for all.

In addition to the $1,000 sponsorship, Green Bank raised $182 at the branch. Between 26 teams and 318 participants, the total raised for this event was $65,780.

Cleveland Green Banker Sponsors Community Baseball Team

Tarkington’s Rockies Finish Another Great Season 

Green Banker Terrie Manners stands with the young men of the Tarkington Rockies.   

The team finished a successful season with a 6 and 4 record.   

Way to go, Rockies!

Dallas Bankers Participate in the Big D BBQ Battle

April 28, 2015

Big D BBQ Battle Smoked on Despite the Weather

By Paige Skinner, Addison Magazine

On Friday night, barbecue took over North Dallas for a special event.It’s the North Dallas Chamber of Commerce’s 2015 Big D BBQ Battle, which is essentially three events in one. First, participating North Texas businesses prepared their brisket, ribs and beans overnight. Then, the food was judged by public officials and celebrities, including radio personality Gina Miller and weatherman Kevin Roth, the next morning. Trophies were awarded later that day. Then finally, the teams served the public their food in a fun environment that includes live music by Hudson Moore. Local beer was provided by Four Corners Brewing Co. to help wash down all the delicious brisket, ribs and beans.

The night seemed to be a success, even with the weather. At about 6:45 p.m. Friday, the Big D BBQ Battle was shut down because of impending thunderstorms and other bad weather.

Even with the bad weather, awards were still given out. For beans, first place went to Asher Media. For Ribs, first place went to Luna Data Solutions, and for brisket, first place went to Neil Richards Group. The Grand Champion for highest cumulative scores in all barbecue categories went to Baker Brothers Plumbing.

Congratulations to everyone!

Click here to read the article at Addison Magazine.

Dallas Bankers Collaborate with Rebuilding Together for Community Revitalization

Rebuilding Together Greater Dallas' National Rebuild Day

April 27, 2015

Dallas Green Bankers, along with their friends and family, recently participated in Rebuilding Together Greater Dallas' National Rebuild Day. The Green Bank team joined the cause by providing home repairs and modifications for low-income homeowners who are either elderly or disabled, care for dependent children or are veterans.

National Rebuild Day is the signature annual event of Rebuilding Together affiliates nationwide. This incredible event brings attention to the plight of America's low-income homeowners and the communities where they live. Every year, volunteers across the country help provide these much needed home repairs.   

For the second year, the Green Bank team returned to the Tenth Street Historic District, where work was completed on 10 homes, a 110 year old church and a brand new park for the community. Our goal is to bring much needed hope to the entire community. As a result of our collaboration, Green Bank helped families who needed significant improvements for the safety and well-being of their homes.

 

 

 

 

 

Let's Go Fly a Kite and Support the Woods Project

April 13, 2015

Green Bank sponsored the 2015 Walk for the Woods, a 5k walk benefiting the Woods Project, taking you on a journey through Houston’s historic East End, where many of The Woods Project’s students live and play. It is the biggest fundraiser of the year for The Woods Project and spotlights our community, history and fun. The route includes stops along a beautiful undeveloped area of Buffalo Bayou, where walkers will learn about the efforts to clean up the bayou. Additionally, walkers are encouraged to stop at various history stops to learn about important buildings and businesses in the area and the role they have played in shaping Houston. The Green Bank stop encouraged walkers to take a break and fly a kite.

The Woods Project seeks to develop leadership capacity and life skills in low income youth. Program goals include preparing students for college and beyond by developing life and leadership skills through wilderness exploration, encouraging interest in science and the environment through focused outdoor education programming and hands-on learning opportunities, and expanding students' world view through exposure to challenging situations and diverse environments.

Plano Green Bankers Sponsor Ski Plano Event to Benefit Plano Education

Plano Green Bankers recently participated as a Park City Sponsor, 2015 Ski Plano event, an annual fundraising gala hosted by the Plano ISD Educational Foundation. The Foundation's mission is helping all students in Plano public schools achieve their full potential by providing financial support to educators and academic programs. The Foundation generates private support for priority projects identified by the Plano Independent School District for which tax dollars are not available.

Pamela Petty, vice president of commercial business banking, served on the Underwriting/Fundraising Committee for several months leading up to the event. Jeff Cheatham, senior vice president of commercial banking, attended the event as an alumnus of Plano High School. City Council Member Andre Davidson also attended the event (pictured above), and is a long-time proponent for Plano ISD.

Click here to learn more about the Plano ISD Education Foundation

Green Bancorp Makes Inc. Magazine's List of Fast-Growing Public Companies

Houston Business Journal

 

Olivia Pulsinelli

March 31, 2015

 

Inc. magazine has named Houston-based Green Bancorp Inc. (Nasdaq: GNBC) to its inaugural Founders 40 list, an “honor roll of publicly traded entrepreneurial companies.”

The holding company for Green Bank N.A. raised $70.3 million in proceeds in its initial public offering in August, according to investment advisory firm Renaissance Capital. It reported $70.2 million in 2014 revenue in 2014, according to Inc.

To compile the Founders 40 list, Inc. looked at companies that went public since January 2012 with annual revenue between $50 million and $1.5 billion, to determine which companies still operated with their original vision and culture intact but also still experienced rapid growth after their IPO. In the year before its IPO, Green Bancorp had revenue growth of 11 percent, the report said.

Green Bank also has been growing, and it aims to double in size within three years through acquisitions and organic growth. Manuel Mehos is CEO of Green Bancorp, and Geoff Greenwade is CEO of Green Bank.

Green Bancorp was the only Houston company to make the list. Two other Texas companies made the Founders 40 list: RetailMeNot Inc., an Austin-based online coupon website operator, and The Container Store Group Inc. in Coppel, which is part of the Dallas-Fort Worth metroplex.

 

Click here to read article at Houston Business Journal website.

Green Bank Sponsors Greater Cleveland Chamber's Annual Banquet

Green Bank recently sponsored the Great Cleveland Chamber of Commerce's 74th annual banquet. The "Groovy Nights" themed event featured entertainment, dancing and an auction.

Austin Green Bankers Participate in Go Red for Women Summit

Green Bank proudly sponsored the 2015 Go RED for Women Summit on February 26 at the Hyatt Regency Hotel in Austin. With the support of the Go RED For Women Volunteer teams, Circle of RED and Go RED Leadership Team, the American Heart Association (AHA) is able to make this fabulous event possible every February (National Heart Month).  

The Go RED For Women Campaign encourages awareness around the issue of heart disease in women. The movement harnesses the energy, passion and power women have to band together and collectively wipe out heart disease. It challenges them to be aware of their risk for heart disease and take action to reduce their personal risk. The grassroots events and activities orchestrated by the Go RED Passion Committee throughout year provide women with tools they need to lead a heart-healthy life.

In 2004, the American Heart Association faced a huge challenge. Cardiovascular disease claimed the lives of nearly 500,000 American women each year, yet women were not paying attention. In fact, many even dismissed it as an “older man’s disease.” To dispel the myths and raise awareness of heart disease as the number one killer of women, the American Heart Association created Go RED For Women – a passionate, emotional, social initiative designed to empower women to take charge of their heart health.

Jennifer Parks, Vice President of Private Banking in Austin, actively serves with the American Heart Association through her Austin Circle of RED membership, Chairmanship of the Go RED For Women Passion Committee and service to the Austin AHA executive leadership team. Her role includes making a personal commitment to help find a cure for heart disease and serving as an ambassador for the cause.

Click here for more information about the Go RED for Women Summit.

New Ideas Allow Green Bank-supported College to Make Education Affordable

Paul Quinn College's “New Urban College Model” features tuition and fees of $14,275 (on-campus) and $9,775 (off-campus), open source textbooks, which are available at no cost and work experience.  Graduates will have earned two educations for the price of one--a great liberal arts education and four years of extensive, real world work experience with less than $10,000 of debt.   

Green Bank, FHLBD and Rebuilding Together Partner to Provide Home Repairs

Special-Needs Grant Helps Houston Woman Fix Home

HOUSTON, Feb. 11, 2015 /PRNewswire/ -- Wanda Richardson has been living on disability income since first being diagnosed with chronic pancreatitis 15 years ago. The high cost of covering her health care has made it difficult for her to finance needed home repairs.

Living in an old home that belonged to her parents, Ms. Richardson said the structure was falling apart from age and disrepair. Several years ago, she applied for a loan to make repairs but didn't qualify. In the meantime, the home continued to deteriorate.

Then she learned about the Special Needs Assistance Program (SNAP) from the Federal Home Loan Bank of Dallas (FHLB Dallas) and its member institution, Green Bank. A $4,300 SNAP grant helped Ms. Richardson get her home's foundation repaired.

"The house had gotten to the point where it was leaning on one side and sitting on the ground in the back," Ms. Richardson said. "It caused problems with the doors, and they wouldn't close right. The house was basically falling apart."

With the SNAP grant, a contractor was able to stabilize the home's foundation, add termite shields, repair the subflooring in the kitchen, dining room, bathroom, and hall, and install new flooring in those rooms.

Ms. Richardson said she is thankful for the help. "It makes the house a whole lot more livable," she said. "I moved out of it temporarily until they did the work because it had gotten so bad.

"Rebuilding Together Houston assisted Ms. Richardson with the SNAP application process. The organization has partnered with Green Bank for several years to facilitate the awarding of SNAP grants to eligible residents.

James Soller, executive director of Rebuilding Together Houston, said the program helps people who need repairs affecting their health and safety.

"Our senior citizens are living on fixed incomes and often can't afford costly repairs like the stabilization of a foundation, which Ms. Richardson's home needed," he said. "SNAP helps people whose incomes simply can't stretch far enough to finance these crucial but often expensive repairs."

Dave Matthews, executive vice president and CRA officer for Green Bank, said the bank believes strongly in community outreach.

"We have great partners in FHLB Dallas and Rebuilding Together Houston, and we are thankful for the opportunity to make a meaningful difference in the quality of life for residents in Houston and surrounding communities."

Since SNAP's inception in 2009, nearly $9.2 million in grants has been awarded through FHLB Dallas member institutions to assist 1,846 families across FHLB Dallas' five-state District of Arkansas, Louisiana, Mississippi, New Mexico, and Texas.

"FHLB Dallas is pleased to offer the SNAP program to our members," said Greg Hettrick, vice president and director of Community Investment at FHLB Dallas. "It allows them to provide grants for necessary home repairs and modifications to income-qualified, special-needs homeowners in their communities."

About Green Bank
Green Bank is a Texas-focused bank headquartered in Houston. It provides commercial and private banking services at 14 branches in the Austin, Dallas and Houston metropolitan areas. Green Bank also has dedicated branches and concierge locations providing banking services to the employees of PepsiCo, Yum! Brands and Frito-Lay. Green Bancorp, Inc. (NASDAQ: GNBC) is the bank holding company that operates Green Bank.

About the Federal Home Loan Bank of Dallas
The Federal Home Loan Bank of Dallas is one of 12 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $37.5 billion as of September 30, 2014, is a member-owned cooperative that supports housing and community development by providing competitively priced advances and other credit products to approximately 900 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas. To learn more about SNAP and other FHLB Dallas programs, visit fhlb.com.

Click here to read the original article at PR Newswire.

Green Bancorp Reassures Investors on Energy Loan Exposure

January 29, 2015

By Andrea Rumbaugh, Houston Chronicle

Houston's Green Bancorp reported fourth-quarter earnings of $2 million, down 33.2 percent from the same period in 2013 due to a one-time acquisition expense.

Earnings per share were 8 cents, down from 15 cents during the same period in 2013. Excluding the acquisition expense, Green Bancorp would have reported increased earnings of $4.8 million, or 18 cents per share, for the three-month period ending Dec. 31.

And like other banks active in markets with a heavy energy industry presence, Green Bancorp talked about energy loans Thursday during its conference call with investors.

"Today, because of recent market events, we wanted to provide for this quarter a more detailed view of our energy exposures," said Manny Mehos, chairman and CEO of Green Bancorp.

At Dec. 31, energy loans were 14 percent of its portfolio. That's down 5 percent from Sept. 30, partly thanks to new loans gained through the acquisition of SP Bancorp, completed Oct. 17.

"At this point, we have not seen any impairment on this portfolio segment," he said, adding that the bank will continue to monitor the health of the energy companies it has loaned to.

Oil prices have not altered the bank's growth plans, and it is looking for organic growth as well as acquisitions. Though its stock has taken a hit - it closed Thursday at $10.64, off 41 percent since its peak closing price of $18.14 on Aug. 21 - Mehos said the bank has excess capital and can do stock-and-cash deals. Earnings were released after markets closed Thursday.

"We continue to have substantial discussion with multiple potential partners," Mehos said. He didn't give any specifics.Kevin Fitzsimmons, managing director at Chicago-based investment banking firm Hovde Group, said the bank's executives appropriately tackled the energy issue and provided a lot of detail. They were open about their stock price and plan to use cash for acquisitions.

"It sounds like they're not just hunkering down," he said. "They're looking to try and power through this.

"At first glance, it looked like the bank "had decent growth in a number of areas," he said.

The year, overall, saw record earnings. Net income for 2014 was $14.7 million, or 64 cents per share. That's up from $12.6 million, or 60 cents per share, in 2013.

The bank also reported an increase in loans and deposits for the fourth quarter.

Loans at Dec. 31 were $1.8 billion, a 32.3 percent increase from $1.4 billion a year earlier. Excluding loans gained through the acquisition, period-end loans at Dec.31 increased $213.2 million, or 15.7 percent, from a year earlier.

Deposits at Dec. 31 were $1.8 billion, a 27.5 percent increase year over year. Excluding the deposits gained through the acquisition, period-end deposits at Dec. 31 increased $152.5 million, 10.5 percent, from a year earlier.

Green Bancorp, with $2.2 billion in assets, is the parent company of Green Bank. It has 14 branches, with seven in the Houston area. It also has dedicated branches and concierge locations providing banking services to the employees of PepsiCo, Yum Brands and Frito-Lay.

Green Bank Sponsors Plano Martin Luther King Jr. Celebration Activities

January 20, 2015

Green Bank recently took part in Plano's Martin Luther King Jr. celebration activities. The weekend of events included a roundtable breakfast; a business and information fair; a community choir/musical showcase; and the community unity walk.

Green Bank served as a sponsor, including the MLK All Community Choir / Musical, which showcased unity of all cultures and races via musical talents of residents in the community. Green Bank also sponsored the community unity walk, "March for a Cause: Awareness of Homelessness." The march concluded with a program held at Plano Municipal Center Council Chambers to address the growing homeless population in the county. Green Banker Pamela Zeigler-Petty took part in these celebration events.

The celebration events were hosted by the Plano Community Forum (PCF), which provides financial scholarships annually to low- to moderate-income and under-served graduating students in Plano to pursue college. PCF also hosts activities like the MLK Celebration to address critical community issues.

For more information on the MLK celebration activities, visit www.planomlk.org

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Nancy Cope Wins 2014 Employee Volunteer of the Year Award

January 14, 2014

Nancy Cope, senior vice president of private and business banking at Green Bank's Preston Center office in Dallas, has been awarded the 2014 Employee Volunteer of the Year award. Nancy plays an important role in her community, always willing to donate her time and efforts to support those around her.

Throughout 2014, Nancy donated more than 10 hours per month with 5 different community organizations. Listed below are some of her key highlights:

  • Elected to the Rebuilding Together Greater Dallas Board
  • Played a major role in helping Rebuilding Together Greater Dallas land Sherwin Williams as a major donor
  • Led Green Bank’s two home repair projects with Rebuilding Together Greater Dallas
  • Led the Green Bank fundraising golf event with Rebuilding Together Greater Dallas
  • Served as an active member with PwC Women’s Boardroom Group

Nancy took her involvement with Rebuilding Together Greater Dallas to a new level this year after being elected to their board, playing a leading role in home repair projects, fundraising and building awareness. She describes it best, “Rebuilding Together has built a strong reputation of providing home repairs and home modifications free of charge for low-income homeowners in Dallas. I’m excited and proud to be a part of such a worthy cause. The work we do makes a tremendous difference to ensure safe and healthy home environments that impact the lives of our Veterans, the disabled, and our elderly citizens. The homeowners are able to remain and age in place in their homes with dignity rather than relocating due to health, safety or mobility concerns. Together, with Green Bank ’s involvement we are making a concerted effort to effect neighborhood revitalization and community stabilization."

Geoff Greenwade, Green Bank president and CEO, presented Nancy with the award, along with Garth Edwards, executive vice president and private banking manager.

Green Bank Leads Financing for Shenandoah's First Full-Service Hotel

December 22, 2014

By Erin Mulvaney

Construction began on a Holiday Inn in Shenandoah, the first full-service hotel for the town just off Interstate-45 and east of the Woodlands.

The 153-room hotel is scheduled to open in early 2016. The hotel will also include 7,000 square feet of meeting and event space, a fitness center, business center and lounge.

The Holiday Inn Hotel and Suites Shenandoah also will be home to the state’s first Johnny’s Italian Steakhouse. “This hotel is a major step in establishing Shenandoah as a destination for meetings and events, individual business travelers and visiting families,” said Shenandoah Mayor Garry Watts, in a statement. “We’re certainly delighted the development team has selected our community for this project."

The new hotel is minutes from The Woodlands, where housing, commercial and retail projects are booming as companies relocate to the wooded area north of Houston. The hotel will offer guests shuttle services to the Woodlands area. 

The Holiday Inn Hotel and Suites Shenandoah is owned by Thind Hotels, owner of Holiday Inn Express properties in Spring and Conroe, Comfort Suites IAH West and La Quinta Inn & Suites Woodlands South. Thind is also developing a 120-room Staybridge Suites on a site adjacent to the new Holiday Inn. The hotels are all managed by Houston-based American Liberty Hospitality. 

Click here to read the original article at the Houston Chronicle.

Louisville Office Hosts Kids for Cookie Decorating and Caroling

 The Louisville office hosted kids for cookie decorating and caroling for the holiday season. They enjoyed a successful event and everyone had a great time. 

The Woods Project: Grit, Perseverance, Tenacity, Zest for Life

GRAY MATTERS 

Academics aren't enough

How can we teach character traits?

By Zachary Hodges, Duncan Klussmann, Steve Rosencranz, special to the Houston Chronicle 

December 1, 2014

Read Boles, the president of Southwest Shipyard, on the Houston ship channel, is challenged to find shipyard workers who can perform exacting barge repair tasks. He's not finding workers with hard skills like welding and pipefitting; but even more importantly, he's not seeing enough applicants he can count on to show up on time, to work well with others, to embrace new tasks, and want to get ahead through dogged determination and hard work. 

Boles is just one of many Houston employers with the same dilemma — there just aren't the trained workers to fill today's jobs, much less tomorrow's jobs. So how do we ensure that workers who have what it takes to make it-- both the hard and soft skills -- are available and ready to go? 

Understanding which kids will make it in the world of work and which ones will struggle in school and the workforce is a hot topic today. School districts like Spring Branch ISD are tackling this challenge head-on, with the goal of doubling the number of students completing a technical certificate, military training, two-year degree or four-year degree.

Angela Duckworth, a researcher at the University of Pennsylvania, has found that grit, the ability to persevere to achieve long-term goals, is key in separating those who make it from those who don't. She has found that grit is not yoked to talent: Just because we're talented or can pass the test, doesn't mean we have what it takes to succeed in life. Duckworth's research demonstrates the importance of grit not only in academic outcomes for our students, but also in outcomes later on in life (performance and excellence in their careers). 

Grit, perseverance, tenacity, zest for life, curiosity, self-discipline, problem-solving skills and other positive behaviors are being shown as better predictors of success than IQ or passing the test. That leads to the question: How do our schools, especially in today's environment of test-frenzy, teach these skills and behaviors that are as important as the academic side? 

We come at this topic from different backgrounds: Two of us lifetime educators and one an entrepreneur now heading a non-profit. We agree that failure to pass the test is a significant barrier to ultimate life success, but we can't say that passing the test leads to success. We can say that passing the test and being gritty and tenacious and having a zest for life means our students will have a higher likelihood of becoming strong members of the workforce and more productive human beings. We don't, however, see developing these life skills as a focus in today's education system. 

So how should our schools measure grit, zest, perseverance, problem solving, and all the other soft skills that are so important? More importantly, how should they teach these things? Many educators will throw up their hands and say these skills are very challenging to teach in a classroom setting, and they're right. But that doesn't mean we should stand still and say it can't be done. It must be done! 

We must challenge educators to be embrace programs that develop these skills. One group that is going down the path of encouraging these behaviors is the KIPP public school network. While KIPP is asking its educators to help students build grit, tenacity, zest, and curiosity, it is also working hard to define how to accomplish the task in a classroom setting. KIPP's progress in this area is encouraging and is something Spring Branch and others are learning from: Before we can solve a problem, we need to identify it, honor it, and then set out to determine the solution. 

Project-based learning works. Debate, science fairs, robotics competitions, school newspapers and other activities that require teamwork, productivity, and strong coaching and mentorship are examples of project-based learning.

Wilderness education is another solution. By taking students out of their home environment, we can create in them a sense of wonder, a desire to embrace new ideas and new situations, and the recognition that there is a far wider world than their home turf on which they can perform. At The Woods Project, we do this by taking Houston-area students into unfamiliar environments such as Yosemite National Park, where they are stretched in a positive, affirming way and put in situations which require problem solving, critical thinking, leadership and teamwork to solve. In these situations, creativity is required, and, more importantly, it is possible to measure their success and give them skills and experiences that will resonate with them for their entire lifetime. 

Removing students from the four walls of the classroom means that educators develop new relationships with their students, becoming their coaches and encouragers and not just their task masters. Taking the student from the four walls of the classroom takes the shackles off the education experience and allows the whole student to develop. It's a simple formula for moving students from passive to active learning. 

Business leaders must participate in and take ownership of the discussion about developing good workers and not just test-passers. If business doesn't push the education community to focus on the whole child, Read Boles and others will continue to struggle to find the workers they need to keep our Houston economy moving forward. 

Read Gray Matters. It'll increase your likelihood of becoming a strong member of the workforce and a more productive human being. 

Financial Literacy Nonprofit Awarded $14K Grant from Green Bank & FHLB Dallas

HOUSTON, TEXAS, October 30, 2014 — The Women’s Resource of Greater Houston helps women and girls achieve greater financial literacy, so they can become more productive and self-sufficient. Green Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) are honored to support its efforts with a $14,000 Partnership Grant Program (PGP) award, presented yesterday at the nonprofit’s office, 730 N. Post Oak Road, Ste. 204.The Women’s Resource of Greater Houston will use the funds to reach more clients and to cover operational and administrative expenses.

“The Women’s Resource is a solid organization. They do a lot of great work for our community,” said David Matthews, executive vice president and CRA officer at Green Bank. “We have enjoyed partnering with FHLB Dallas on this award and with other grant programs. The PGP award will make a real difference for Houston-area women and girls in need.”

Through the PGP, FHLB Dallas awards grants through its member institutions, to provide funding for the operational needs of community-based organizations involved in affordable housing and economic development. FHLB Dallas matches the cash contribution of a member financial institution to a community-based organization of $500 up to $5,000 at a 3:1 ratio. Through its members, FHLB Dallas awarded $225,000 in partnership grants in 2014.Christine Powell, executive director of the Women’s Resource of Greater Houston, explained that the organization was founded 25 years ago in Houston by a group of concerned women. They wanted more money going to women-focused organizations at a time when the amount was near zero. “Today we cover all of Harris County and offer free financial literacy classes in 44 zip codes. We also provide a leadership and financial literacy class for at-risk girls in ninth and tenth grades,” she said.

Volunteers working with The Women’s Resource teach classes throughout Harris County. “We focus on women and girls, but we do realize that by supporting men, we are supporting families,” said Ms. Powell. “We go to our clients by partnering with social-service agencies. In this way, men have access to the classes via the agencies.”

U.S. Census data for 2008-2012 shows that 22.2 percent of Houston residents live below poverty level, compared to 17.4 of Texas residents.

“Houston is lucky to have The Women's Resource,” said Mayor Annise Parker. “Its focus on financial literacy is helping low-income women across the city to save money, pay bills, use credit, and much more. With this knowledge, they are able to make sound financial decisions and improve their lives.”

The PGP enables FHLB Dallas to distribute funds through its member institutions to assist nonprofits with operational and administrative expenses. This is unique because the regulations of most grant programs restrict the use of funds for this purpose, according to Greg Hettrick, vice president and director of community investment, FHLB Dallas.“Through our member, Green Bank, FHLB Dallas is pleased to support the Women’s Resource of Greater Houston and all of the work it does in Houston and Harris County,” said Mr. Hettrick. “There is a great need in our District to support the operational needs of nonprofits. We responded by creating the PGP. Our members and the community-based organizations they serve have expressed appreciation for this type of support.”

About Green Bank

Green Bank is a preferred provider for business and personal banking products and services, the employer of choice in Texas banking and a champion for our communities. We are committed to the fair treatment of our stakeholders and to “doing the right thing” at all times. We promise:  to act ethically in all business transactions and personal interactions;  to maintain proper compliance processes measures and goals to achieve and surpass all regulatory and legal requirements; to be responsive and accessible; and, to act in environmentally and socially-responsible ways to support and strengthen our communities.

About the Federal Home Loan Bank of Dallas

The Federal Home Loan Bank of Dallas is one of 12 district banks in the FHLBank system created by Congress in 1932. FHLB Dallas, with total assets of $37.5 billion as of September 30, 2014, is a member-owned cooperative that supports housing and community development by providing competitively priced advances and other credit products to approximately 900 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas.

View original article from the Federal Home Loan Bank of Dallas

Dallas Employees Participate in Rebuilding Together's Homes4Heroes Volunteer Day

Since 2011, RTGD has been committed to making a difference in the lives of veterans. Every fall, a vet’s home is rebuilt, modified or repaired to meet the needs of a brave veteran and their family. RTGD’s goal is to provide a veteran with a safe and healthy home and help support our men and women who have served our country.

Recently, Green Bank Business and Private Banking Officer Nancy Cope was tapped to join the board of RTGD. Nancy lead the Green Bank employee volunteer effort for the home repair workday on Saturday, November 1. Employees and other volunteers built and planted a large flower and vegetable garden.

Nancy describes it best, “Rebuilding Together allows us to see our labor and resources put to work. It is immediate help—over the course of a weekend, volunteer teams transform seniors’ ageing houses to safe and attractive homes. The value of being able to remain independent and continue to live in one’s home is tremendous for the family and the community. The pay-back on effort and investment is highest among all the community efforts of Green Bank.”

There will be two events to present the keys to the home to the veteran and her family, including an evening of celebration and service and an official home reveal.

 

 

 

 

Green Bank Provides Construction Lending for Spring Valley Medical Plaza

By Katherine Feser

Another office building is going up in the Spring Valley area of Memorial.

Houston-based developer i3Interests has started construction of Spring Valley Medical Plaza, a 68,000-square-foot medical office building and surgery center in the city of Spring Valley. The building will be at 9234 Katy Freeway near Blalock a few miles east of the Energy Corridor.

Last month, Ersa Grae Corp. and The Stoller Group broke ground on a 98,500-square-foot headquarters building for the The Stoller Group at 9090 Katy Freeway near Campbell Road. Extra space in that building is being offered for lease.

The new Spring Valley Medical Plaza will be about two miles east of the Sam Houston Tollway.

“The site is immediately off of I-10, one block east of Blalock, and offers the perfect location to capture the largest segment of healthcare users while minimizing the traffic issues associated with the Medical Center,” Rene Joubert, principal of i3 Interests, said in an announcement.

Completion is planned in the fourth quarter of 2015.

Josh Jacobs and Debbie Adams of Edge Realty are leasing the building, which is 60 percent pre-leased. Spaces are available ranging from 2,000 to 24,000 square feet.

The tenants have not been announced, but the building will house a surgery center, plastic surgeons and emergency medical technicians. The six-story building will consist of two stories of space, three stories of garage parking and a basement garage.

The construction team consists of Burton, Page, Ward Getz, Telios, and Cardno Whaley. Green Bank provided construction lending.

Click here to read the original article at the Houston Chronicle.

Dallas Bankers Join the Fight Against Ovarian Cancer

Green Bankers and mortgage team attended the Women’s Council of Realtors Dallas Chapter’s High Tea. Mortgage Officer Paula Schneyer served as co-chair for the annual event that raised awareness for the Be the Difference Foundation, which leads in the fight against ovarian cancer.

Women's Council of Realtors, Dallas Chapter

Women's Council of Realtors, Dallas Chapter - High Tea Event

Be the Difference Foundation

 

Green Bankers, Rebuilding Together Great Dallas Golf to Repair Homes

Since 2011, RTGD has been committed to making a difference in the lives of veterans. Every fall, a vet’s home is rebuilt, modified or repaired to meet the needs of a brave veteran and their family. RTGD’s goal is to provide a veteran with a safe and healthy home and help support our men and women who have served our country.

Recently, Green Bank Business and Private Banking Officer Nancy Cope was tapped to join the board of RTGD. This follows the bank’s efforts in Houston where Community Relations Act Officer David Matthews also serves the local chapter of Rebuilding Together.

Nancy describes it best, “Rebuilding Together allows us to see our labor and resources put to work. It is immediate help—over the course of a weekend, volunteer teams transform seniors’ ageing houses to safe and attractive homes. The value of being able to remain independent and continue to live in one’s home is tremendous for the family and the community. The pay-back on effort and investment is highest among all the community efforts of Green Bank.”

Green Bank Plants Gardens at Haven of Hope House of Houston

On Friday, October 3, several Green Bank employees joined with residents of Haven of Hope House of Houston to plant community gardens and trees at their residence. One garden was planted with vegetables and herbs for the residents to use while the other was planted with flowers.  

The Haven of Hope House of Houston provides services that fulfill the mental, physical and spiritual needs of homeless female veterans and their children so that they become productive citizens. The veterans receive life skills training, job-skills training, rehousing, money-management and educational training opportunities.

In addition to providing building materials, plants and bank volunteers for the vegetable & flower garden project, Green Bank funded a $4,000 Federal Home Loan Bank of Dallas - Partnership Grant to assist the non-profit with its mission of housing & supporting Houston area female veterans.

Green Bancorp Reports Jump in Earnings

By Andrea Rumbaugh, Houston Chronicle

Green Bancorp, which released quarterly earnings for the first time since going public, reported to investors a 40 percent increase in net income and a big goal for growth.

The company detailed $4.7 million in net income, or 22 cents a share, for its second quarter, up from $3.3 million in net income, or 16 cents a share, for the same period a year ago.

"This is an exciting time for us here at Green Bank," Manny Mehos, chairman and CEO of Green Bancorp, said Thursday in a conference call with investors.

Houston-based Green Bancorp, the holding company of Green Bank, closed its initial public offering in August and raised $72.6 million in proceeds to be used for making acquisitions and growing organically.

As of June 30, Green Bancorp had $1.8 billion in assets.

It expects to complete the acquisition of SP Bancorp, and its wholly owned subsidiary, Share Plus Bank, based in Plano, during the fourth quarter.

Once the deal is closed, Green Bancorp will have $2.2 billion in assets and 16 branches, including seven in the Houston area.

"Our goal is to build a $5 billion bank," Mehos said.

It plans to focus on the Texas triangle of Houston, Dallas-Fort Worth and Austin.

Shares in Green Bancorp, traded on Nasdaq, closed Thursday at $17.30, up 0.76 percent. Earnings were released after the market's close.

According to the earnings report, loans at the end of the quarter were valued at $1.4 billion, up 13.7 percent from a year earlier. And deposits stood at $1.5 billion, up 3.4 percent year over year.

Emlen Harmon, analyst with investment banking firm Jefferies in New York, said the earnings were mostly as expected based on regulatory filings accompanying the IPO.

And after its IPO, Green Bancorp is in a good position to acquire other banks, he said, as it has a fair amount of excess capital.

"The biggest thing going public has done for them is to open up the possibility for additional acquisitions," Harmon said.

Green Bank Participates in Federal Home Loan Bank of Dallas Partnership Grants

Federal Home Loan Bank of Dallas Awards $225K in Partnership Grants through Member Institutions

SOURCE Federal Home Loan Bank of Dallas

DALLAS, Sept. 8, 2014 /PRNewswire-USNewswire/ -- The Federal Home Loan Bank of Dallas (Bank) is pleased to announce it has awarded $225,000 through its Partnership Grant Program (PGP) to assist 23 community-based organizations with their operational needs.

Partnership grants are offered through FHLB Dallas member institutions. The grants provide funding for the operational needs of community-based organizations involved in affordable housing and community development. FHLB Dallas matches a member's cash contributions to a community-based organization of $500 up to $5,000 at a 3:1 ratio. Collectively, FHLB Dallas and its member institutions awarded $301,753 in total grants to community-based organizations in 2014.

"The Partnership Grant Program remains one of FHLB Dallas' most in-demand grant programs," said FHLB Dallas President and CEO Sanjay Bhasin. "With this year's awards our members are able to better support organizations involved in affordable housing and economic development."

This year's partnership grants were issued to 24 member institutions. Several organizations received funding from multiple members.

Any FHLB Dallas member in good standing is eligible to participate in the program. Listed below are the Bank's 2014 PGP contributions:

Member: Green Bank, N.A.
Sponsor: The Women's Resource of Greater Houston
Grant: $10,500

David Matthews, executive vice president and CRA officer at Green Bank, presented the check to Christine Powell, executive director of the Women's Resource of Greater Houston.

Green Bank Partners with TiE Houston for SBA Seminar

KevinSpeakingGreen Bank partnered with TiE Houston to host an informational seminar about Small Business Administration Loans. 

It’s a common misnomer - SBA loans are small loans for small businesses in start-up mode with bad credit. And USDA loans are for farms or agriculture products.

In reality, government-backed loans can range from $10,000 to $15 million for a wide range of companies. They can fund a variety of goals including research and development, working capital, real estate, inventory, debt restructuring, bridge debt, acquisitions, services and micro-niche industries. The companies can be start-ups, subsidiaries of Fortune 250 companies or $100 million+ sellers; loans do not have to fall into narrow buckets, and sophisticated structuring by leveraging several products can be handled.

Kevin Coffman, Senior Vice President of government-backed lending for Green Bank, presented a practical overview of what is possible with SBA/USDA loans. His presentation focused on interesting and out of the ordinary SBA/USDA loans his team has completed and he provided real case studies to illustrate the flexibility of these loans.

DavidSpeakingSeminarGroup

Green Bank Client Pinot's Palette Wins HBJ Top 100 Award

Houston Business Journal

Emily Wilkinson

August 12, 2014

Houston-based Pinot's Palette is continuing its manifest destiny.

The paint-and-sip franchise started in Houston in 2009, with one location in Montrose — then known as Pinot and Picasso — and today has 87 locations across the U.S.

Last year the company expanded into California and Arizona, and this year it expanded to Washington and Las Vegas.

As a retailer, the company understands the importance of technology and marketing. It recently partnered with CBS Films to create a date-night promotion that coincides with the release of the romantic comedy movie “What If," which stars Daniel Radcliffe and Zoe Kazan. Pinot's Palette will host "What If/Perfect Pairing” nights at participating locations nationwide throughout August.

In addition, Pinot’s Palette was the first paint-and-sip to launch an iPhone app to increase customer engagement and drive mobile sign-ups, it says.

Such initiatives have paid off. Due to its rapid growth, Pinot's Palette made HBJ's 2014 Fast 100 List of the fastest-growing companies in Houston based on two-year revenue growth.

Green Bank Provides Financing for TexCom Acquisitions

August 5, 2014

TexCom Inc. (OTC Pink: TEXC), an environmental services company serving the oil and gas industry, has closed on its agreements to purchase two saltwater disposal wells – the Peak Water Systems SWD #1 and the Bennett SWD #1, both located in Van Buren County, Arkansas.

The purchase price for the assets is $20.29 million and includes the refinancing of $7.12 million of debt. The remaining purchase price consists of $2.63 million in cash and $10.54 million in shares of common stock. The common stock will be issued at $0.244 per share (or $2.44 after the completion of the recently announced one-for-ten reverse stock split), which is the average closing price on the OTC Pink for the 60-day period prior to execution of the agreements.

These assets are expected to add $5.5 million of revenues per year and earnings before interest, income taxes, depreciation and amortization of $3.7 million per year.

Green Bank of Houston, Texas, provided debt financing to complete these acquisitions. WoodRock & Co. acted as financial advisor to TexCom on these transactions.

Click here to view full article.

Green Bancorp, Inc. Announces Launch of Initial Public Offering of Common Stock

July 29, 2014

HOUSTON--(BUSINESS WIRE)--Green Bancorp, Inc. (the “Company”), the parent holding company of Green Bank, N.A., today announced the launch of its initial public offering of 4,687,500 shares of its common stock. The initial public offering price is expected to be between $15.00 and $17.00 per share. The underwriters will have the option to purchase up to an additional 703,125 shares of common stock from the Company. The Company has applied to list its common stock on the NASDAQ Global Select Market under the symbol "GNBC."

The Company intends to use the net proceeds from the offering to pay a portion of the purchase price of its proposed acquisition of SP Bancorp, Inc., which owns SharePlus Bank, a Texas charted state bank and for general corporate purposes.

Sandler O’Neill + Partners, L.P., Jefferies LLC, J.P. Morgan, RBC Capital Markets and Keefe, Bruyette & Woods are acting as joint book-running managers for the offering.

The offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the offering may be obtained from Sandler O’Neill + Partners, L.P., Attention: Prospectus Department, 1251 Avenue of the Americas, 6th Floor, New York, NY 10020, telephone: 1-866-805-4128 or email: syndicate@sandleroneill.com; or Jefferies, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, telephone: 877-547-6340 or email: prospectus_department@jefferies.com.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Green Bancorp, Inc.

Headquartered in Houston, Green Bancorp, Inc. is a bank holding company that operates Green Bank, N.A., in Houston, Dallas and Austin. Commercial-focused, Green Bank 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.

Forward‐Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws, including with respect to the proposed initial public offering and the Company’s proposed use of proceeds. Forward-looking statements may generally be identified by the use of words such as “anticipate,” “believe,” “expect,” “intends,” “plan,” and “will” or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. As a result, actual events may differ materially from those expressed in or suggested by the forward-looking statements. Any forward-looking statement made by the Company in this press release speaks only as of the date hereof. New risks and uncertainties come up from time to time, and it is impossible for the Company to predict these events or how they may affect it. The Company has no obligation, and does not intend, to update any forward-looking statements after the date hereof, except as required by federal securities laws.

Contacts

Green Bancorp, Inc.
Mike Barone, 713-275-8243
mbarone@greenbank.com

Compliance Can Be Lucrative for Needed Bank Officers

Banks need more officers to make sure they’re following new rules, regulations; many salaries will be more than $100,000

July 15, 2014

By Andrea Rumbaugh, Houston Chronicle

In the past few years, a raft of new banking rules and regulations has taken hold, spurring banks to put more focus on compliance efforts.

That, in turn, has spiked demand for experienced compliance officers. And at least one Texas school is hoping to turn out graduates with knowledge in that area.

Tim Stokes, compliance officer at Houston's Patriot Bank, said more - and more complex - regulations are making it difficult to find experienced candidates.

His first year at Patriot was marked by dramatic regulatory change. He stepped into the role in April 2013 and immediately focused on new rules created by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

"Patriot Bank was looking for an experienced compliance officer who could come in, hit the ground running and take care of things to make sure that we remain in compliance," said Stokes, who started working in compliance in 2005.

At Patriot, which has six branches in the Houston area and three in the Dallas area, Stokes works with two others in regulatory compliance and with an internal auditor. He does data analysis, research and communication. It's his job to make sure senior management knows about and is following all relevant regulations.

"I think there's a shortage because the nature of the role has changed over the last seven or eight years," said Justin Long, an Austin-based partner at law firm Bracewell & Giuliani.

Long said more rules under Dodd-Frank - combined with regulatory focuses on the Bank Secrecy Act and consumer protection laws – have given compliance officers more to do. And there just aren't a lot of people with the day-to-day experience in handling these new duties.

For some of his clients, it took six to 12 months to fill a chief compliance officer position, Long said, adding: "There's a real focus on getting a qualified person to lead.

Some universities are hoping to train the next generation of compliance officers.

Sam Houston State University plans to offer a compliance and regulation class in its banking and financial institutions degree starting next spring. Crowe Horwath, a Chicago-based public accounting and consulting firm with locations across the country, is helping structure the program.

"We're trying to turn out well rounded bankers," said James Bexley, chair of the Smith-Hutson endowed chair of banking at Sam Houston.

The Commercial Banking Program at Texas A&M University has classes that include compliance, but doesn't have a specific course on the subject. James Kolari, director of the commercial banking program in department of finance at the Mays Business School, said students must be familiar with the main regulations, who the regulators are and what they do.

"There's an increase in regulatory burdens on banks," he said, "and they need an increasing number of compliance officers to handle the work load."

Geoff Greenwade, president and CEO of Houston-based Green Bank, predicted banks would continue to expand compliance needs. "Truthfully, I think the growth is going to be in compliance more so than the financial side," he said.

Rising pay

Banking experts and reports show that salaries for compliance officers are rising.

According to a 2014 salary guide from staffing company Robert Half, compliance officers at large financial services firms in Houston make $104,410 to $139,390. And chief compliance officers at large financial services firms in Houston make $163,770 to-$243,270.

At small Houston financial services firms, compliance officers make $76,320 to $102,820, while chief compliance officers make $112,890 to $146,280, according to the report.

Tricia Bellamy, director of compliance for Cadence Bank based in Birmingham, Ala., said demand has boosted the salaries of qualified compliance individuals in the past few years.Cadence Bank has 13 branches in the Houston area, and its holding company Cadence Bancorp is based in Houston.

Bellamy, with 30 years of compliance experience, said the field has evolved from reading, interpreting and helping implement regulatory requirements to include formal written compliance programs as well as monitoring compliance activities.

Cadence Bank has 27 employees focused on consumer compliance, the Bank Secrecy Act and anti-money laundering. The compliance team has grown significantly in the past year and will continue expanding as the bank grows.

Growing demand

"With more and more regulations coming out, we need experienced people to fill those (compliance) roles," she said. "And it's just a growing demand."

At the University of Houston Law Center, students are preparing for a variety of compliance jobs.

"We're seeing a bunch of different industries looking to fill this niche," said Allison Regan, assistant dean in the career development office at the UH Law Center.

She said the center has a variety of classes with compliance as a main focus, and it held a symposium on it for three years. She couldn't think of a student off the top of her head who went into compliance for banking, but she said students have done compliance related to accounting.

And the legal mind, Regan said, is a good fit for compliance because it focuses on details. It's about dissecting problems and seeing how one action affects another.

"Students are really attracted to it because it really covers a broad range of topics," she said.

IPO Means More Green Ahead for Green Bank

IPO Means More Green Ahead for Green BankJuly 3, 2014

By Andrea Rumbaugh, Houston Chronicle

Houston’s Green Bancorp is going public, and its growth strategy doesn’t stop there.

The company on Tuesday said it filed documents with regulators to launch an initial public offering.

The move follows a deal that Green Bancorp, the holding company for Green Bank, announced last month to buy a Plano-based bank.

Moving forward, Green Bancorp will be on the lookout for more acquisitions, Geoff Greenwade,

president of Green Bancorp and president and CEO of Green Bank, said in an interview.

“I can’t think of a better place to grow than being in the state of Texas,” he said. “And so Texas is our No. 1, 2 and 3 priority.”

Green Bancorp applied to the Securities and Exchange Commission to list its common stock

under the symbol GNBC. Its preliminary prospectus did not detail how many shares it would offer, the price range or what exchange it will be traded on.

Green Bank, a nationally chartered commercial bank, has seven branches in the Houston area and five others in the Dallas and Austin areas.

In May, Green Bancorp announced it inked a deal to acquire SP Bancorp, the parent holding company of Plano-based Share-Plus Bank, for $46.2 million. That will add four branches: three in the Dallas area and one inLouisville, Ky.

The deal is Green Bancorp’s fifth acquisition in seven years, Greenwade said, and it’s expected to close late in the third quarter of this year.

Growing in Texas

Greenwade said he looks to keep growing in the bank’s current three markets in Texas, but will look at adding new areas, including Fort Worth. As for acquisitions, Greenwade said he has a target list of banks he will continue to woo.

The planned IPO’s fundraising target is up to $100 million. The company said in its filing that it intends to use $8 million of the net proceeds toward the purchase of SharePlus. Then, all but $5 million of the remaining net proceeds will go for general purposes at Green Bank.

Dan Bass, managing director of investment banking for bank advisory firm Performance Trust Capital Partners, noted there are only a handful of public banks based in Texas.

Being a publicly traded company, he said, will give Green Bancorp liquid currency for future merger and acquisition opportunities, giving it a leg up on other buyers without the same access.

“It offers them a currency to do more deals in the Houston market,” he said.

It is also an opportunity to attract out-of-state investors. And since there are few public banks in the area, he said Green Bancorp will add another option for investors wanting into the Texas or specifically the Houston banking market.

Out-of-state banks?

But given its size, Bass said, Green Bancorp is already on the radar of large out-of-state banks looking to gain entrance into the Texas marketplace through a possible acquisition.

As of March 31, Green Bancorp had total assets of $1.8 billion, total loans of $1.4 billion (of which $1.39 billion were originated by the company and $18.8 million were acquired), total deposits of $1.5 billion and total shareholders’ equity of $203.6 million, according to its SEC filing.

Greenwade said Green Bancorp doesn’t have a target size, and its focus now is on becoming a stronger, more valuable bank in terms of profitability and strength of balance sheet.

Jeff Davis, Nashville based managing director for Mercer Capital, said Texas is hot from an investor’s perspective because of its growing economy. And because Green Bancorp is a growth company based in Houston, he thinks the IPO may have a little richer valuation than typical banks.

“I think it’s going to be a very well received IPO on Wall Street,” he said.

Green Bancorp, Inc. Files for IPO

June 24, 2014

HOUSTON, Texas (June 24, 2014) — Today Green Bancorp, Inc., the parent holding company of Green Bank, N.A., announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of its common stock.

The shares in the offering will be offered by Green Bancorp and certain selling shareholders. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Sandler O’Neill + Partners, L.P. and Jefferies LLC, J.P. Morgan, RBC Capital Markets and Keefe, Bruyette & Woods are acting as joint book-running managers for the proposed offering.

The offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the offering may be obtained from Sandler O’Neill + Partners, L.P., Attention: Prospectus Department, 1251 Avenue of the Americas, 6th Floor, New York, NY 10020, telephone: 1-866-805-4128 or email: syndicate@sandleroneill.com; or Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, telephone: 877-547-6340 or email: prospectus_department@jefferies.com.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

###

About Green Bancorp, Inc.

Headquartered in Houston, Green Bancorp, Inc. is a bank holding company that operates Green Bank, N.A., in Houston, Dallas and Austin.  Commercial-focused, Green Bank 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.

Green Bank Helps Provide SBA Financing for Summit Vacation Resort

June 17, 2014

Click here to read article from Fox News

SOURCE Capital CDC

Fox News

AUSTIN, Texas, June 16, 2014 /PRNewswire-USNewswire/ -- Recently, David Donnelly completed the purchase of The Summit Vacation Resort, a 30-year-old 5-star resort and RV park in New Braunfels, TX. It features a variety of amenities including a club house and meeting rooms, restaurant, multiple pools and hot tub, playground, miniature golf, tennis courts, gym, tube rentals, laundry facility, and hiking trails. The resort sits on the Guadalupe River, providing easy access for fishing, tubing, kayaking, and swimming. Additionally, the property has an existing RV park with 106 sites, 30 cabins and 12 villas available to rent on a daily, weekly, or monthly basis.

"Several banks turned me down. They required traditional financing and at least 50% down," Donnelly said. "Without the help of Capital CDC and Green Bank, we would have never considered an SBA loan.  The flexibility of Green Bank combined with Capital CDC's guarantee behind us made it a perfect fit for this project."

David met with Green Bank's Commercial Banker Kristi Mabry and Capital CDC's Loan Officer Amy Cooper in Austin, Texas. He said, "The people at Green Bank were great and put the effort in to get this project financed. The SBA process was easy and Capital CDC was a huge help. They were both willing to put in the work."

"Green Bank is thrilled to get this project financed," said Commercial Banker Kristi Mabry.  "We look forward to visiting The Summit Vacation Resort as guests-as good as it looked on paper; the real thing is better."

Donnelly is off to a great start and working to improve the park's financial performance.  He immediately transformed the members-only resort into a public resort and the change has impacted revenue significantly.  Currently, his team is working on a friendlier website, optimized for attracting more web traffic.

Capital CDC is thrilled for Mr. Donnelly and thankful for Green Bank's partnership to get this project financed. For more information on The Summit Vacation Resort, please visit http://www.summitvacationresort.com/

CONTACT: Kelly Acosta, 1-512-615-0398, kellyacosta@capitalcdc.com

SNAP Grant Provides Home Repairs for Houston Homeowner

Earlene Thomas, 75June 12, 2014

HOUSTON, June 11, 2014 (GLOBE NEWSWIRE) — Earlene Thomas, 75, spends much of her free time in retirement volunteering.

In fact, that’s what she was doing when she heard about the Special Needs Assistance Program (SNAP).

While volunteering at a neighborhood senior center, Ms. Thomas heard people discussing the SNAP grants they had received through Rebuilding Together Houston and she decided to seek out more information.

SNAP, offered by the Federal Home Loan Bank of Dallas (FHLB Dallas) through its member institutions, provides grants to assist income-qualified, special needs homeowners with necessary home repairs and modifications. Rebuilding Together Houston partners with FHLB Dallas members in Houston – in this case, Green Bank – to provide grants to qualified homeowners.

Ms. Thomas said she applied because she needed expensive repairs to her home, including a new electrical panel and a new window. She lives on a fixed income and repairs of that magnitude are beyond what she could afford.

“Everything is so high,” she said. “I needed repairs that I couldn’t get done on my own.”

double windowMs. Thomas had a double window that was leaking from the top when it rained and the electrical panel box was original to the house and needed to be replaced.

She received a $4,715 SNAP grant from FHLB Dallas and Green Bank.

Dave Matthews, executive vice president and CRA officer for Green Bank, said the bank was happy to help out.

“SNAP is a great program and helps so many deserving people,” Mr. Matthews said. “We are pleased to be able to be a part of it, especially knowing that because of the program, Ms. Thomas can rest easy knowing her electrical issues have been resolved.”

Besides the replacement of the electrical panel and the window, SNAP funds paid for the repair of an outside light and to place wiring from the panel box into a conduit. It also provided for GCFI outlets in the kitchen. Standard on homes built today, these outlets protect inhabitants from electrical shock and protect homes from electrical fires. SNAP funds were also used to replace door jams at the front and back doors.

Ms. Thomas has lived in her home since 1967, the year it was built.

“It meant a lot to me to be able to get this work done,” she said. “I feel safer and more comfortable in my home.”

James Soller, executive director of Rebuilding Together Houston, which helps facilitate SNAP grants, said the program helps some of the city’s most vulnerable. Rebuilding Together Houston provides home repair and renovation services at no cost to low-income homeowners in need through a variety of grant programs.

“Our senior citizens are living on fixed incomes and often can’t afford repairs that could affect their health and safety,” he said. “Repairs offered by SNAP, like the new electrical panel and GCFI outlets at Ms. Thomas’ home, can provide our seniors peace of mind and the ability to remain independent in their own homes.”

Since SNAP’s inception in 2009, more than $7.3 million in grants have been awarded through FHLB Dallas member institutions to assist 1,464 families throughout FHLB Dallas’ five-state District of Arkansas, Louisiana, Mississippi, New Mexico, and Texas. So far in 2014, FHLB Dallas has awarded $1 million in SNAP grants, and recently announced it will make available another $850,000 through members beginning July 1.

To learn more about SNAP and other FHLB Dallas programs, visit fhlb.com.

About Green Bank

Green Bank is a Texas-focused bank headquartered in Houston. It provides commercial and private banking services at full-service offices in the Austin, Dallas and Houston markets. Green Bancorp Inc., the holding company of Green Bank, began operations on Dec. 31, 2006, with the acquisition of Redstone Bank in Houston. Since the start of 2010, it has expanded from five offices and 21 bankers to 12 offices and 48 bankers.

About the Federal Home Loan Bank of Dallas

The Federal Home Loan Bank of Dallas is one of 12 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $30.6 billion as of March 31, 2014, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 900 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas. For more information, visit the FHLB Dallas website at fhlb.com.

Houston Green Bankers Relay for Life

May 20, 2014

Relay for Life Humble, Kingwood and Cleveland Offices and clients walked to help find a cure.

On April 25, communities across America walked together to help find a cure for cancer. Green Bankers were there—participating in the Relay for Life of Liberty County @ Cleveland as team "Wild for a Cure." We were part of 26 teams and 288 walkers who raised $68,625. Debbie Harran, Cleveland client services representative, also made a donation in honor of a friend that recently lost her battle with cancer.

Relay for Life

Relay for Life

Green Bancorp to Acquire SP Bancorp

Green Bank expansion continues in North Texas with SharePlus Bank addition

Green Bancorp to Acquire SP BancorpMay 5, 2014

HOUSTON, Texas (May 5, 2014) — Green Bancorp, Inc., the parent holding company of Green Bank, N.A., has entered into a definitive agreement and plan of merger to acquire SP Bancorp, Inc. (NASDAQ: SPBC), the parent holding company of SharePlus Bank, for $46.2 million in cash, or $29.55 per share, subject to potential adjustment as set forth in the merger agreement.

The transaction has been unanimously approved by the boards of directors of both companies. Subject to satisfaction of certain conditions, including receipt of SP Bancorp shareholder approval and customary regulatory approvals, the sale is expected to close in the third quarter of 2014.

On December 31, 2013, Green Bank had $1.7 billion in total assets and $1.45 billion in total deposits. On the same date, SharePlus Bank had $304 million in total assets and $261 million in total deposits.

The combined banking operation will have 16 locations operating as Green Bank. The merger will bring together Green Bank’s offices in Dallas (4), Houston (7) and Austin (1) with SharePlus Bank’s Dallas-area branches (3) and Louisville, KY location (1).

The expansion complements Green Bank’s ongoing Dallas-area growth. In 2010 the bank entered the market with a Preston Center branch acquisition and a commercial lending office. During the next three years, new branches were opened in Uptown and Addison and Opportunity Bank in Richardson was acquired.

“We pride ourselves on our strong community banking presence; the addition of SharePlus Bank strengthens our relationship and capabilities with our Dallas-based customers,” said Geoff Greenwade, president and CEO of Houston-based Green Bank. “We welcome the SharePlus employees and the customers they serve to Green Bank and look forward to serving them with greater resources.”

Headquartered in Plano, SharePlus was founded as a credit union in 1958 and became a publicly traded entity in 2010. In December 2013, SharePlus Bank converted its federal thrift charter to a state chartered bank and is known for outstanding consumer banking customer service, mortgage lending and commercial lending.

“This transaction with Green Bank provides an outstanding return in cash for our shareholders,” said Jeff Weaver, president and CEO of SharePlus Bank. “Our customers and employees will benefit from a growing organization that will expand on our tradition of delivering outstanding service. We look forward to the future opportunities that the combined organization will provide.”

Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel to Green Bancorp, Inc. Wachtell, Lipton, Rosen & Katz and Haynes and Boone, LLP are serving as legal counsel and Commerce Street Capital, LLC served as financial advisor to SP Bancorp. Mercer Capital rendered a fairness opinion to SP Bancorp in connection with the proposed transaction.

About Green Bancorp, Inc.

Headquartered in Houston, Green Bancorp Inc. operates Green Bank, N.A., in Austin, Dallas and Houston. Green Bank is a commercial bank that is committed to becoming a preferred provider for business and personal banking products and services, the employer of choice in Texas banking and a champion for a cleaner, healthier environment.

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.    

About SP Bancorp, Inc.

SP Bancorp, Inc. is the holding company for SharePlus Bank. Shares of the common stock of SP Bancorp, Inc. trade on the Nasdaq Capital Market under the ticker symbol "SPBC." SP Bancorp maintains a website at www.shareplus.com that includes information on it and SharePlus Bank, including SharePlus Bank's products and services, branch locations and hours, current financial information, and links to SP Bancorp’s filings with the Securities and Exchange Commission.

SharePlus Bank is headquartered in Plano, Texas with assets exceeding $300 million. SharePlus Bank operates as a full-service bank, providing services including the acceptance of checking and savings deposits, the origination of one- to four-family residential mortgage, mortgage warehouse, commercial real estate, commercial business, home equity, automobile and personal loans.

Additional Information

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 giving SP Bancorp's expectations or predictions of future financial or business performance or conditions. Forward-looking statements are typically identified by words such as "believe," "expect," "anticipate," "intend," "target," "estimate," "continue," "positions," "prospects" or "potential," by future conditional verbs such as "will," "would," "should," "could" or "may", or by variations of such words or by similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made and we assume no duty to update forward-looking statements.

In addition to factors previously disclosed in SP Bancorp's reports filed with the SEC and those identified elsewhere in this release, the following factors among others, could cause actual results to differ materially from forward-looking statements or historical performance: ability to obtain regulatory approvals and meet other closing conditions to the merger, including approval by SP Bancorp’s stockholders, on the expected terms and schedule; delay in closing the merger; difficulties and delays in integrating the Green Bank and SharePlus Bank businesses or fully realizing cost savings and other benefits; business disruption following the merger; changes in asset quality and credit risk; the inability to sustain revenue and earnings growth; changes in interest rates and capital markets; inflation;  customer borrowing, repayment, investment and deposit practices; customer disintermediation; the introduction, withdrawal, success and timing of business initiatives; competitive conditions; the inability to realize cost savings or revenues or to implement integration plans and other consequences associated with mergers, acquisitions and divestitures; economic conditions; and the impact, extent and timing of technological changes, capital management activities], and other actions of the Federal Reserve Board and legislative and regulatory actions and reforms.

In connection with the proposed merger, SP Bancorp will file with the U.S. Securities and Exchange Commission (the "SEC") a Proxy Statement as well as other relevant documents concerning the proposed transaction. Stockholders of SP Bancorp are urged to read the Proxy Statement regarding the Merger when it becomes available and any other relevant documents filed with the SEC, as well as any amendments or supplements to those documents, because they will contain important information. A free copy of the Proxy Statement, as well as other filings containing information about SP Bancorp may be obtained at the SEC's Internet site (http://www.sec.gov). You will also be able to obtain these documents, free of charge, from SP Bancorp at www.proxydocs.com/SPBC. Copies of the Proxy Statement can also be obtained, free of charge, by directing a request to Investor Relations SP Bancorp, Inc. 5224 W. Plano Parkway Plano, TX 75093 (972) 931-5311 Email: ir@shareplus.com.

SP Bancorp and certain of its directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of SP Bancorp in connection with the proposed merger. Information about the directors and executive officers of SP Bancorp and their ownership of SP Bancorp common stock is set forth in the Form 10-K/A as filed with the SEC on April, 30, 2014. Additional information regarding the interests of those participants and other persons who may be deemed participants in the transaction may be obtained by reading the Proxy Statement regarding the proposed merger when it becomes available. Free copies of this document may be obtained as described in the preceding paragraph.

Green Bank Client ilumi Gets $350K Investment From Mavericks’ Owner Mark Cuban on Shark Tank TV Show

iLumiMay 2, 2014

Article and photo from dallasnews.com

Plano smart lightbulb maker ilumi made it out of the shark tank alive.

In the episode of ABC reality show Shark Tank that aired Friday, Corey Egan and Swapnil Bora sought a $350,000 investment in exchange for a 15 percent stake in the startup.

ilumi makes LED lights that are controlled wirelessly via smartphones. The light bulbs also provide multi-colored hues, essentially creating a lighting system for homeowners, according to the co-founders.

Here’s an article about the startup. Egan and Bora met and developed the startup as graduate business students at the University of Texas, Dallas.

ilumi raised $200,000 through three crowdfunding campaigns, allowing customers to buy its lightbulbs. Egan said the first batch will begin shipping out this week.

The episode was high-paced, fun and tension-filled. Egan and Bora had three offers on the table: One from Dallas Mavericks owner Mark Cuban, a second from Robert Herjavec and a third from Kevin O’Leary.

Other sharks balked at the product’s price of $289 for a three-bulb pack.

Herjavec was the first entrepreneur to make an offer, proposing to take a 35 percent ownership stake for $350,000.

Instead of taking equity, O’Leary offered a $350,000 to license ilumi’s technology to a large lightbulb company. In exchange, O’Leary would get royalty.

Cuban countered with a $350,000 offer in exchange for a 25 percent stake.

At one point, it looked like Cuban was going to bail due to Egan’s and Bora’s hesitance. Egan asked Cuban whether he was willing to meet in the middle at 20 percent, and Cuban declined.

The two founders went with Cuban after they asked him who he would call to help ilumi.

In classic Cuban fashion, he replied, “There’s no one who’s not going to take my call.”

“You got a deal,” Egan said.

We caught up with Egan this morning to talk about the episode and what the investment means for ilumi. Here’s an edited excerpt:

On keeping the taping quiet: ”It was so difficult. A lot of our friends are Mav fans, and I had to bite my tongue.” (The episode was actually taped last September.)

On the audition process:  (After an open audition in Dallas a year ago, ilumi got a call back to submit a video, which interested producers.)

“They’ve very careful about making sure they don’t overcommit to expectations. You continue to go through step-by-step through the process. At any point, this could end.”

Even when Egan and Bora flew out to Los Angeles, there’s “no guarantee that you would get into the room.”

On the actual taping: “I was nervous but definitely excited. It was preparation. We rehearsed not only our pitch but possible answers. We knew our business pretty well. It was preparation. My wife makes for a very good pretend shark.”

On reality vs. what actually airs: “It’s a much faster pace in terms of questions and answers. It’s like a firing squad. … It was maybe about 30 minutes that we actually were speaking to the sharks. I feel like we came out really well from our perspective. I feel like we got a fair shake.”

On having three offers: “We were thrilled with it. A lot of folks go in and don’t get an offer. That’s part of the risk.”

“When Mark came in, although it seem we were hesitant, we were excited. We wanted to do a deal with Mark from the beginning. He’s from Dallas and we’re from Dallas.”

On closing the deal with Cuban after the taping: ”With any investment, there’s a period of due diligence where they’re looking into every nook and cranny. We closed the investment in March.”

“From our perspective, Mark and his team wanted to make sure the deal went through and lived up to what we agreed on the show.”

On having Cuban as an investor: “I think the long-term gain is not only having Mark’s investment but his perspective. He’s built multiple companies and been part of multiple companies. His connections and his value and his insights. We’re making tough decision as first-time entrepreneurs. He’s someone who has an opinion and not afraid of share his opinions.”

On the future of ilumi:  ”For us, it takes it one step further. This is not the culmination. It’s a great step forward that puts us in a better position.”

Two DFW Banks Take Top Ratings in Bank Director Magazine Ranking

Dallas Business Journal

Korri Kezar
May 1, 2014

Two Dallas-area banks topped the 2014 Growth Leaders Ranking released by Bank Director magazine.

Dallas’ NexBank Capital Inc. took first in the ranking’s core deposits category, reporting increases in certificates of deposit, savings account and money market balances. With assets valued at $1.1 billion, it offers commercial, mortgage and investment banking. The company also took third in net loans and leases and seventh in core revenue.

“The bank’s organic deposit and loan growth were a result of our institutionally focused products and service,” said Matt Siekielski, NexBank executive vice president and chief operating officer.

McKinney-based Independent Bank Group Inc. (NASDAQ: IBTX) was third in core revenue. Independent has 29 offices in Dallas-Fort Worth and Austin. The McKinney company’s success was attributed to a “really good management team” by Kevin Tweedle, president of Atlanta-based Bank Intelligence Solutions, owned by Fiserv Inc., which compiled the magazine’s rankings.

“We are always appreciative when a respected publication like Bank Director Magazine recognizes the success our company is having in building a strong regional community bank,” Independent’s chairman and CEO David Brooks said. “Core earnings in particular is a strong measure of the value a company is creating and being ranked highly in the country for success by this measure is particularly gratifying.”

Only two other Texas banks made the ranks. Central Bancorp Inc. and Green Bancorp Inc., both based in Houston, took fourth and eighth respectively in core non-interest income.

Dallas Bankers Lend a Hand to Church Renovation Project

April 29, 2014

A dedicated team of Green Bankers and their families participated in Rebuilding Together – Greater Dallas’ (RT-Dallas) national Spring Volunteer Home Repair Program. Our crew helped renovate a 100-year old church as part of Rebuilding Together’s volunteer campaign to assist low-income communities. The church is located in Dallas’ historic Tenth Street District/Oak Cliff area, one of the oldest communities with many original buildings still standing.

The project was successfully lead by Nancy Cope, RT-Dallas Board Member and vice president of business and private backing, and Garth Edwards, executive vice president and private banking manager. Repair highlights include painting and sprucing up the church’s interior.

This was the third repair project that Green Bank has completed in Dallas in the past two years; our Houston office has also completed several home repair projects. Green Bank is keeping pace with giant corporations across Texas and building better communities.

Green Bankers Encourage the Community to Learn to Live Green

April 20, 2014

Green Bankers joined Plano's annual Learn 2 Live Green event in an early celebration of Earth Day. The family event encouraged people to adopt a greener lifestyle through its exhibits, presentations, workshops, demonstrations, entertainment, green art and children's activities.

The bankers were there to volunteer and provide information on Green Bank’s services.

Go Fly a Kite. We Did.

April 8, 2014

Recently Green Bank sponsored the 2014 Walk for the Woods, a 5k walk benefitting the Woods Project.  Featuring stops along Buffalo Bayou and in Houston's East End, Green Bank encouraged walkers to take a break and fly a kite.

The Woods Project seeks to develop leadership capacity and life skills in low income youth. Program goals include preparing students for college and beyond by developing life and leadership skills through wilderness exploration, encouraging interest in science and the environment through focused outdoor education programming and hands-on learning opportunities, and expanding students' world view through exposure to challenging situations and diverse environments.

Walk for the Woods

Walk for the Woods

Walk for the Woods
Walk for the Woods
Green Bank Aims to be No. 1 Houston SBA Lender This Year

Houston Business Journal

Mark Yost
March 20, 2014

Green Bank NA,  Houston's 15th largest financial institution  with about $1.7 billion in assets, is aiming to become the No. 1 Small Business Administration lender in the market.

According to the latest SBA data from the start of the fiscal year in October through January, privately held Green Bank has done just that, generating about $16 million in SBA loans, making it No. 1 in Houston, ahead of larger banks such as BBVA Compass Bancshares, the fourth largest financial institution in Houston with $11 million in SBA loans, and Amegy Bank, the fifth largest Houston bank, with nearly $9 million in loan generation.

"Our goal is to be number one this year," Green Bank CEO Geoff Greenwade told the Houston Business Journal.

Green Bank was No. 5 in the Houston market in the 2013 fiscal year that ended last September, generating about $25 million in SBA loans. BBVA Compass, a unit of Spanish bank Banco Bilbao Vizcaya Argentaria SA was No. 1 with nearly $43 million in loans, followed by Amegy, a unit of Zions Bancshare (Nasdaq: ZION) with $39 million.

"We’re working on a podium finish," Kevin Coffman, Green Bank's senior vice president and government guaranteed lending division manager,  told HBJ in a November interview."Green Bank is dedicated in providing access to capital to small businesses in the Houston and Texas markets. We will continue to grow and be a major player in providing business loans to the community."

Greenwade told HBJ this week that Green Bank is lending across the business spectrum, from energy companies to light manufacturing to franchises.

"It's an incredibly diverse portfolio," Greenwade said of Green Bank's SBA volume. "It's reflective of the fact that everyone wants to be in this market."

Greenwade said that Green Bank wants to continue to grow through "smart acquisitions," resulting in a bank that has about $5 billion in assets.

Since changing its name in 2007, Green Bank has grown from just two branches to 12, with multiple branches in Houston and Dallas and one branch in Austin.

Greenwade said that "we'll have some news this summer" on acquisitions. The Houston-based bank is focused on growing its footprint in the Houston and Dallas markets, he said.

Click here to read article at Houston Business Journal website.

Pam McNair Wins 2013 Employee Volunteer Award

Green Bank donation to Lakeland Elementary School to honor her commitment to the community

Green Bank donation to Lakeland Elementary SchoolJanuary 28, 2014

Pam McNair, assistant vice president and relationship manager at Green Bank’s Kingwood office, has recently been awarded the Outstanding Volunteer Appreciation Award for 2013. A 9-year resident of Harris County, her generosity and giving exemplifies service to the community through volunteerism.

“There is a definite crossover--keeping in touch with your community means going beyond the business community,” said McNair. “In many cases, I’ve been introduced to great social organizations by successful business associates. The two help each other grow and everyone benefits.”

Pam is actively involved with eight community-based organizations, to which she devotes an average of 45 hours each month. These organizations include:

  • Humble ISD Literacy Program
  • Humble Intercontinental Rotary – board member
  • Salvation Army
  • Right at Home-Houston – home repairs
  • Lakeland Elementary School – mentor
  • Thanksgiving Feast –  provides meals
  • Humble Area Assistant Ministries – in addition to volunteering, Pam has arranged the donation of office furniture to the organization
  • Rebuilding Together-Houston – home repairs

Geoff Greenwade, Green Bank president and CEO, presented McNair with the award and a $500 donation to Lakeland Elementary School to help buy new books.

“Green Bank is committed to the responsibility of serving Texas. We do this in a number of ways--banking services and businesses across our communities, financial contributions to leading community programs and by individual participation in community-based programs,” said Greenwade. “Often individual efforts are ignored; we believe our employees are stewards and we strive to reinforce their efforts with corporate support.”

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