CBTX, Inc. Announces Pricing of Initial Public Offering

HOUSTON, Nov. 07, 2017 -- CBTX, Inc. (“CBTX”) today announced the pricing of the initial public offering of 2,400,000 shares of its common stock at a public offering price of $26.00 per share.  CBTX has also granted the underwriters a 30-day option to purchase up to an additional 360,000 shares of its common stock.  CBTX’s common stock is expected to begin trading on the NASDAQ Global Select Market under the trading symbol “CBTX” on November 8, 2017.

CBTX intends to use the net proceeds from the offering to support its organic growth and for general corporate purposes, including maintenance of its required regulatory capital, and potential future acquisition opportunities.

Stephens Inc. and Keefe, Bruyette & Woods, a Stifel Company are acting as joint book-running managers for the offering. Sandler O’Neill + Partners, L.P. is acting as co-manager.

The offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from Stephens Inc., 111 Center Street, Little Rock, Arkansas 72201, Attention: Syndicate, or by calling toll-free 1-800-643-9691 or Keefe, Bruyette & Woods, Inc., 787 Seventh Avenue, 4th Floor, New York, New York 10019, Attention: Equity Capital Markets, or by calling toll-free 1-800-966-1559.  Copies of the registration statement relating to these securities and the prospectus, when available, may also be obtained free of charge from the website of the U.S. Securities and Exchange Commission (the “SEC”) at www.sec.gov.

A registration statement relating to these securities has been declared effective by the SEC on November 7, 2017.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About CBTX, Inc.

CBTX is the bank holding company for CommunityBank of Texas, N.A., a $2.9 billion asset bank, offering commercial banking solutions to local small and mid-sized businesses and professionals in Houston, Beaumont and surrounding communities in southeast Texas.

Forward Looking Statements

This communication contains certain “forward-looking statements” within the meaning of the U.S. federal securities laws. Such statements are based upon various facts and derived utilizing numerous important assumptions and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing.  Any forward-looking statements included herein reflect our current views, and they involve certain risks and uncertainties, including, among others, that our business plans may change as circumstances warrant, our common stock may not begin trading on the NASDAQ Global Select Market as expected and the offering may not close as expected. These risks should not be construed as exhaustive and should be read together with the other cautionary statement included in our registration statement on Form S-1 we have filed with the SEC and the final prospectus, when available.  Any forward-looking statement speaks only as of the date on which it was initially made.  We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, unless required by law.

Investor Relations:

James L. Sturgeon
281.325.5013
[email protected]

Media Contact:

Ashley Warren
713.210.7622 
[email protected]