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12.12.2014 06:03:12
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Southside,OmniAmerican Get All Regulatory Approvals To Complete Merger
(RTTNews) - Southside Bancshares, Inc. (SBSI) and OmniAmerican Bancorp, Inc. (OABC) said they have received all regulatory approvals required to complete their merger, which is scheduled to occur by December 17.
The merger will lead to one of the largest independent banks in the state of Texas, with 64 banking offices and combined assets of around $4.9 billion.
The merger, which was unanimously approved by the board of directors of both Southside and Omni, received the approval of Southside's shareholders and Omni's stockholders in October.
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