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Veritex Holdings closes common stock offering

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Veritex Holdings closes common stock offering

Veritex Holdings Inc. closed its common stock offering, which is expected to generate net proceeds of approximately $56.4 million,

The company sold 1,987,000 common shares at $26.25 apiece, and an additional 298,050 common shares following the full exercise of the underwriters' overallotment option.

The Dallas-based company intends to use net proceeds to partially fund the company's pending acquisition of Fort Worth, Texas-based Liberty Bancshares Inc. and for general corporate purposes.

Stephens Inc. was the sole book-running manager for the offering, while Piper Jaffray & Co. served as co-manager.