Southwest Bancshares’ $35 Million Notes Offering

Bracewell LLP represented Piper Sandler & Co. on the deal.

Piper Sandler & Co. acted as the sole placement agent, in Southwest Bancshares, Inc.’s private placement of $35 million of 5.0% fixed-to-floating rate subordinated notes due 2032.

Southwest Bancshares, Inc., the bank holding company for Texas Partners Bank, had over $2 billion in assets as of March 31, 2022. Texas Partners Bank operates in its Central Texas markets under the names The Bank of San Antonio, The Bank of Austin and Texas Hill Country Bank. Texas Partners Bank began in 2007 and operates 11 branches in the greater San Antonio, Austin and Texas Hill Country areas. The Bank offers traditional banking products to both retail and institutional customers with a focus on business banking.

The Bracewell team included: Will Anderson (Picture), Shannon Baldwin and Alexandra Crai.

Involved fees earner: William Anderson – Bracewell LLP; Shannon Baldwin – Bracewell LLP; Alexandra Crai – Bracewell LLP;

Law Firms: Bracewell LLP;

Clients: Piper Sandler;

Martina Bellini

Author: Martina Bellini