Veritex Holdings, Inc. is a Texas corporation and bank holding company headquartered
in Dallas, Texas. Through our wholly-owned subsidiary, Veritex Community Bank,
a Texas state chartered bank, we provide relationship-driven commercial banking
products and services tailored to meet the needs of small to medium-sized businesses
and professionals. Since our inception, we have targeted customers and focused
our acquisitions primarily in the Dallas metropolitan area, which we consider
to be Dallas and the adjacent communities in North Dallas. As we continue to
grow, we expect to expand our primary market to include the broader Dallas-Fort
Worth metropolitan area, which also encompasses Fort Worth and Arlington, as
well as the communities adjacent to those cities.
We currently operate ten branches and one mortgage office, all of which are
located in the Dallas metropolitan area. Our primary customers are small and
medium-sized businesses, generally with annual revenues of under $30 million,
and professionals. We believe that these businesses and professionals highly
value the local decision-making and relationship-driven, quality service we
provide and our deep, long-term understanding of the Dallas community and Texas
banking. As a result of consolidation, we believe that few locally-based banks
are dedicated to providing this level of service to small and medium-sized businesses.
Our management team’s long-standing presence and experience in the Dallas
metropolitan area gives us unique insight into our local market and the needs
of our customers. This enables us to respond quickly to customers, provide high
quality personal service and develop comprehensive, long-term banking relationships
by providing products and services tailored to meet the individual needs of
our customers. This focus and approach enhances our ability to continue to grow
organically, successfully recruit talented bankers and strategically source
potential acquisitions in our target market.
Organic Growth in Thriving Dallas Metropolitan Area. Our organic growth strategy
has focused on more deeply penetrating the Dallas metropolitan area through
our community-focused, relationship-driven approach to banking. We believe that
our current market area provides abundant opportunities to continue to grow
our customer base, increase loans and deposits and expand our overall market
share. Our team of seasoned bankers has been an important driver of our organic
growth by further developing banking relationships with current and potential
customers, many of which span more than 20 years. Our market presidents and
relationship managers are incentivized to increase the size of their loan and
deposit portfolios and generate fee income while maintaining strong credit quality.
We intend to add to our team of experienced bankers in order to grow our current
footprint and expand further into markets throughout the Dallas-Fort Worth metropolitan
area. Preserving sound credit underwriting standards as we grow our loan portfolio
will continue to be the foundation of our organic growth strategy.
Acquisitions. We intend to continue to grow through acquisitions, and we believe
having publicly traded common stock will improve our ability to compete for
acquisitions. Many small to medium-sized banking organizations in the Dallas-Fort
Worth metropolitan area face significant scale and operational challenges, regulatory
pressure, management succession issues and shareholder liquidity needs.
Improve Operational Efficiency and Increase Profitability. We are committed
to maintaining and enhancing profitability. We employ a systematic and calculated
approach to improving our operational efficiency, which in turn we believe increases
our profitability. We believe that our scalable infrastructure and efficient
operating platform will allow us to achieve continued growth without incurring
significant incremental noninterest expenses and will enhance our returns.
Continue to Build Our Community Ties. Our officers and employees are heavily
involved in civic and community organizations, and we sponsor numerous activities
that benefit our community. Our business development strategy, which focuses
on building market share through personal relationships, as opposed to formal
advertising, is consistent with our customer-centric culture and is a cost-effective
approach to developing new relationships and enhancing existing ones.
The primary objectives of our investment policy are to provide a source of
liquidity, to provide an appropriate return on funds invested, to manage interest
rate risk, to meet pledging requirements and to meet regulatory capital requirements.
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