trending Market Intelligence /marketintelligence/en/news-insights/trending/q7oEiQ3jGj6iNKT7bgi05Q2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

BancAffiliated to acquire Odessa, Texas-based Southwest Bank

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

BancAffiliated to acquire Odessa, Texas-based Southwest Bank

Arlington, Texas-based BancAffiliated Inc. on Dec. 8 agreed to acquire Odessa, Texas-based Southwest Bank from Odessa SouthWest Bancshares Inc. in a stock-and-cash transaction.

Under the terms of the deal, BancAffiliated unit Affiliated Bank NA and Southwest Bank will merge, with Southwest Bank being the surviving charter. The combined franchise will have about $1.4 billion in assets, $1.1 billion in loans and $1.2 billion in deposits, based on the companies' balance sheets as of Sept. 30, according to a news release.

The transaction is expected to close during the second quarter of 2020.

S&P Global Market Intelligence valuations for bank and thrift targets in the Southwest region between Dec. 8, 2018, and Dec. 8, 2019, averaged 173.00% of book and 182.82% of tangible book and had a median of 16.37x last-12-months earnings, on an aggregate basis.

Based on S&P Global Market Intelligence data, BancAffiliated will enter Ector County, Texas, with three branches to be ranked fifth with a 9.53% share of approximately $3.41 billion in total market deposits, will enter Lubbock County, Texas, with two branches to be ranked No. 20 with a 0.46% share of about $8.72 billion in total market deposits and will enter Midland County, Texas, with one branch to be ranked No. 16 with a 0.34% share of approximately $7.01 billion in total market deposits.

Stephens Inc. was financial adviser to BancAffiliated and rendered a fairness opinion to the company's board. Alston & Bird LLP acted as BancAffiliated's legal counsel.

Commerce Street Capital served as financial adviser to Odessa SouthWest Bancshares and rendered a fairness opinion to the company's board. Thompson & Knight LLP acted as Odessa SouthWest Bancshares' legal counsel.

To use S&P Global Market Intelligence's branch analytics tools to compare market overlap, click here. To create custom maps, click here.

SNL Image