CBTX, Inc. Launches Initial Public Offering of Common Stock

HOUSTON, Oct. 30, 2017 -- CBTX, Inc. (“CBTX”), the bank holding company for CommunityBank of Texas, N.A., today announced the launch of its initial public offering of shares of its common stock.  CBTX intends to offer 2,400,000 shares of its common stock.  CBTX also expects to grant the underwriters a 30-day option to purchase up to an additional 360,000 shares of its common stock.  The initial public offering price is currently expected to be between $24.00 and $26.00 per share.  In connection with the initial public offering, CBTX intends to list its common stock on NASDAQ Global Select Market under the trading symbol “CBTX.”

CBTX intends to use the net proceeds from the proposed 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 proposed offering.  Sandler O’Neill + Partners, L.P. is acting as co-manager.

The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the proposed 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.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy these securities be accepted prior to the time the registration statement becomes effective. 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.

Investor Relations:

James L. Sturgeon
281.325.5013
[email protected]

Media Contact:

Ashley Warren
713.210.7622 
[email protected]