In 2010 the bank entered the market with a Preston Center branch acquisition and a commercial lending office. The expansion complements Green Bank's ongoing Dallas-area growth. 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 combined banking operation will have 16 locations operating as Green Bank. On the same date, SharePlus Bank had $304 million in total assets and $261 million in total deposits. On December 31, 2013, Green Bank had $1.7 billion in total assets and $1.45 billion in total deposits. 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. The transaction has been unanimously approved by the boards of directors of both companies. (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. HOUSTON, (GLOBE NEWSWIRE) - 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. In addition, you should carefully read all of a fund’s available information, including its prospectus and most recent shareholder report before purchasing mutual fund shares.EXHIBIT 99.1 Green Bancorp to Acquire SP Bancorp Green Bank Expansion Continues in North Texas With SharePlus Bank Addition Fees reduce returns on fund investments and are an important factor that investors should consider when buying mutual fund shares.įor more information on mutual funds, please read our brochure on Mutual Funds and ETFs: A Guide for Investors. Different mutual funds may also be subject to different risks, volatility, and fees and expenses. Each may have a different investment objective and strategy and a different investment portfolio. Some mutual funds are index funds and other are actively managed. There are many varieties of mutual funds, including, stock funds, bond funds, and money market funds. In addition, the investment portfolios of mutual funds typically are managed by separate entities known as investment advisers that are also registered with the SEC. Mutual funds are registered with the SEC and subject to SEC regulation.Investors sell their shares at the current NAV per share, minus any fees the fund may charge at redemption, such as deferred sales loads or redemption fees. This means that when mutual fund investors want to sell their fund shares, they sell them back to the fund or to a broker acting for the fund. The price that investors pay for mutual fund shares is the fund’s current net asset value (NAV) per share plus any fees that the fund may charge at purchase, such as sales charges or loads. ![]() Investors cannot purchase the shares from other investors on a secondary market, such as the New York Stock Exchange or Nasdaq Stock Market. Investors purchase shares in the mutual fund from the fund itself, or through a broker for the fund.Mutual funds generally sell and purchase their shares on a continuous basis, although some funds will stop selling when, for example, they reach a certain level of assets under management.Here are some of the traditional and distinguishing characteristics of mutual funds: Exchange-traded funds (ETFs) are generally also structured as open-end funds, but can be structured as UITs as well.Ī mutual fund continuously pools money from many investors and invests the money in stocks, bonds, money market instruments, other securities, or even cash. The other two types of investment companies are closed-end funds and unit investment trusts (UITs). An open-end fund is one of three basic types of investment companies. The Laws That Govern the Securities IndustryĪ mutual fund is an open-end investment company or fund.Researching the Federal Securities Laws Through the SEC Website.Structured Notes with Principal Protection.Smart Beta, Quant Funds and other Non- Traditional Index Funds.Mutual Funds and Exchange-Traded Funds (ETFs).Publicly Traded Business Development Companies (BDCs).Stock Purchases and Sales: Long and Short.Pay Off Credit Cards or Other High Interest Debt.Public Service Campaign (new) – “Investomania”.Required Minimum Distribution Calculator. ![]()
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