LegacyTexas Bank Services for Your Financial Success

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LegacyTexas Bank offers a range of services designed to help you achieve financial success. Their banking solutions are tailored to meet the unique needs of individuals and businesses alike.

With over $9 billion in assets, LegacyTexas Bank has established itself as a reliable and trustworthy financial institution. Their commitment to community banking is evident in their numerous branches and ATMs throughout North Texas.

LegacyTexas Bank's services include personal banking, commercial banking, mortgage lending, and wealth management. Whether you're looking to manage your everyday finances or grow your business, they've got you covered.

Easily Roll Over 401(k)

You can roll over your LegacyTexas Bank 401(k) into an IRA, which gives you control over your retirement savings.

There are three steps to rolling over a LegacyTexas Bank 401(k): confirming key details, deciding on an IRA, and initiating the rollover with Charles Schwab.

You'll need to confirm a few key details about your Charles Schwab 401(k) plan, including specifics about your account.

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Decide which IRA you want to move your Charles Schwab 401(k) to, and make sure it's one that aligns with your retirement goals.

Initiate your rollover with Charles Schwab, and you'll receive a check in the mail that you can deposit into your new IRA account.

Once your funds are in your new IRA account, make sure they're being invested properly to grow your retirement savings.

If you're uncomfortable handling the rollover process on your own, Capitalize offers a seamless, online 401(k) rollover service to help you from start to finish.

Here are the steps to roll over your LegacyTexas Bank 401(k) in more detail:

  1. Confirm a few key details about your Charles Schwab 401(k) plan
  2. Decide which IRA you want to move your Charles Schwab 401(k) to
  3. Initiate your rollover with Charles Schwab
  4. Get a check in the mail and deposit it into your new IRA account
  5. Make sure your funds are being invested properly

LegacyTexas Bank News

Prosperity Bancshares has agreed to buy LegacyTexas Financial Group for $2.1 billion in cash and stock.

The deal, which is expected to close in the fourth quarter, priced LegacyTexas at 216% of its tangible book value.

LegacyTexas has 42 branches and $8.1 billion in loans.

Kevin Hanigan, LegacyTexas' president and CEO, will become Prosperity's president and chief operating officer and president of Prosperity Bank.

Prosperity plans to cut about a quarter of LegacyTexas' annual noninterest expenses, which will make the deal 6.6% accretive to its 2020 earnings per share.

Prosperity Buyout for $2.1B

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Prosperity Bancshares is buying LegacyTexas Financial Group for a whopping $2.1 billion in cash and stock.

The deal is expected to close in the fourth quarter and will give Prosperity a significant presence in the Dallas/Fort Worth MSA.

LegacyTexas has 42 branches, which will now become part of the Prosperity Bank network.

The company has $8.1 billion in loans and $7.1 billion in deposits.

Kevin Hanigan, LegacyTexas' president and CEO, will take on a new role as Prosperity's president and chief operating officer and president of Prosperity Bank.

Mays Davenport, LegacyTexas' chief financial officer, will become Prosperity's director of corporate strategy.

Prosperity plans to cut about a quarter of LegacyTexas' annual noninterest expenses.

The company estimates it will incur $60 million in merger-related charges.

Prosperity expects the deal to be 6.6% accretive to its 2020 earnings per share.

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Viewpoint Bank Renamed on Jan. 1

ViewPoint Bank will be renamed LegacyTexas Bank on January 1, 2015, as part of a merger with LegacyTexas Group Inc.

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The merged bank will retain the LegacyTexas Bank name and will be based in Plano, Texas.

Effective January 1, 2015, ViewPoint's bank subsidiary, ViewPoint Bank N.A., will merge into LegacyTexas Bank.

Branch and branding integration is planned for February, allowing customers of both institutions to conduct business at any LegacyTexas location.

The merger creates one of the largest independent Texas financial services companies, with combined assets of nearly $6 billion.

LegacyTexas Bank will rank first in deposit market share in Collin County and third in deposit market share among Texas-based independent banks in the Dallas/Fort Worth Metroplex.

The company will be traded on the NASDAQ Global Select Market under the ticker symbol "LTXB" effective January 2, 2015.

Bank Services

At LegacyTexas Bank, you can expect a range of convenient banking services. They offer a mobile banking app that allows you to manage your accounts, pay bills, and transfer funds on the go.

LegacyTexas Bank has a network of over 40 locations throughout North Texas, making it easy to find a branch near you. You can bank in person, by phone, or online, giving you flexibility and control over your finances.

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Their online banking platform provides 24/7 access to your accounts, allowing you to check balances, view transactions, and pay bills from the comfort of your own home. This is especially useful for those with busy schedules or who prefer to manage their finances at their own pace.

LegacyTexas Bank's customer service team is available to assist with any questions or concerns you may have, whether you're a new or existing customer. They offer a range of support options, including phone, email, and in-person appointments.

401(k) Plan Details

To roll over your LegacyTexas Bank 401(k), you'll need to confirm a few key details about your plan. This includes the plan's specifics, which will be needed to initiate the rollover process.

There are three steps to rolling over a LegacyTexas Bank 401(k): confirm the details, decide which IRA to move your funds to, initiate the rollover, and deposit the check into your new IRA account.

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To confirm the details, you'll need to know your plan's specifics, including the plan's name, your account balance, and any outstanding loans. This information will be used to initiate the rollover process.

Here are the steps to roll over your LegacyTexas Bank 401(k) in a concise list:

  1. Confirm a few key details about your plan
  2. Decide which IRA you want to move your funds to
  3. Initiate your rollover
  4. Get a check in the mail and deposit it into your new IRA account
  5. Make sure your funds are being invested properly

If you're uncomfortable handling the rollover process on your own, Capitalize offers a seamless, online 401(k) rollover service to help you from start to finish.

Frequently Asked Questions

What happened to LegacyTexas Bank?

LegacyTexas Bank merged with Prosperity Bank and is now operating under the Prosperity Bank name. LegacyTexas debit cards will be deactivated on June 8, 2023.

Who is the CEO of LegacyTexas Bank?

Kevin Hanigan is the President and CEO of LegacyTexas Bank, leading the financial institution with his expertise and vision.

George Murphy

Senior Assigning Editor

George Murphy serves as a seasoned Assigning Editor, overseeing a wide range of financial articles. His expertise lies in high-frequency trading strategies, where he provides in-depth analysis and insights to his readers. Under his guidance, the publication has garnered recognition for its authoritative and forward-looking coverage in the financial sector.

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