LegacyTexas Bank

LegacyTexas Bank is a community bank headquartered in Plano, Texas. It is one of the largest locally based banks in North Texas.

LegacyTexas Financial Group, Inc.
Public
Traded asNASDAQ: LTXB
S&P 600 Component
IndustryBanking
Founded1952
HeadquartersPlano, Texas
Key people
Kevin J. Hanigan, president and chief executive officer
Revenue$410.4 million (2017)[1]
Number of employees
836
Websitewww.legacytexas.com

History

The bank was found in 1952 in Plano, Texas, as a community bank for the surrounding North Texas area. Since then it has grown to be one of the biggest banks in Texas and the biggest locally in North Texas. In 2015, ViewPoint Bank and LegacyTexas Bank merged to become one bank under the LegacyTexas Bank name.[2]

Services

Some of its products are interest-bearing and non-interest-bearing demand accounts, savings, money market, certificates of deposit, and individual retirement accounts. The company's lending products comprise commercial and consumer real estate loans; secured and unsecured commercial and industrial loans; permanent loans secured by first and second mortgages on one- to four-family residences; construction and land loans; and secured and unsecured consumer loans, including new and used automobile loans, recreational vehicle loans, and loans secured by savings deposits. It also provides insurance and title services. The company was formerly known as ViewPoint Financial Group, Inc. before merging and becoming LegacyTexas Financial Group, Inc. in January 2015.[3] In November 2019, Prosperity Bank agreed to acquire the bank.[4][5] The acquisition by Prosperity Bank is complete and all facilities are now known as Prosperity Bank.[6]

References
  1. "LTXB Income Statement - LegacyTexas Financial Group, In Stock - Yahoo Finance". Finance.yahoo.com. Retrieved 25 May 2018.
  2. "about". Legacytexas.co. Retrieved 25 May 2018.
  3. "LTXB Profile - LegacyTexas Financial Group, In Stock - Yahoo Finance". Finance.yahoo.com. Retrieved 25 May 2018.
  4. "Prosperity Bancshares, Inc. ® Completes Merger With LegacyTexas Financial Group, Inc" (Press release). PR Newswire. November 1, 2019.
  5. Mathews, Chris (November 1, 2019). "Houston bank closes multibillion-dollar acquisition of North Texas bank". American City Business Journals.
  6. "Welcome Legacy Texas". June 10, 2020.
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