HENDERSON, Texas, July 15,
2024 /PRNewswire/ -- VeraBank, Inc. (the
"Company") today announced the extension of the expiration of the
tender offer for up to 89,110 common shares of the Company at a
purchase price of $202.00 per share
in cash, without interest and less any applicable tax withholding,
pursuant to the terms and conditions described in the Offer to
Purchase, dated May 13, 2024, and the
related Letter of Transmittal (together, the "Tender Offer
Materials"). The tender offer, which was previously scheduled to
expire at 5:00 p.m., Central time, on
July 12, 2024, has been further
extended until 5:00 p.m., Central
time, on July 26, 2024, unless
the tender offer is further extended or earlier terminated.
The Tender Offer Materials are further amended and supplemented
to increase the total number of shares that the Company will
purchase to 126,238 from 89,110, in order to meet current number of
tenders from holders of common shares. As of July 12, 2024, $25,168,392 common shares have been tendered into
the tender offer.
The Company is making the tender offer only by, and pursuant to,
the terms of the Tender Offer Materials (pursuant to which the
expiration date of the tender offer has been extended until
5:00 p.m., Central time, on
July 26, 2024, and the maximum number
of common shares to be repurchased is 126,238). The Company does
not make any recommendations as to whether holders of common shares
should tender or refrain from tendering their common shares.
Holders must make their own decision as to whether to participate
in the tender offer and, if so, the number of common shares to
tender.
About VeraBank, Inc.
VeraBank, Inc. is privately owned
and serves as the bank holding company for VeraBank, N.A. a
community bank that serves 19 counties in East, Central and
Southeast Texas with 550+
employees, a network of 39 conveniently located branches,
$4.1 billion in assets, and trust
assets under management of approximately $1.1 billion. Since 1930, VeraBank has remained
committed to genuine banking, providing excellent personal service
with the latest in banking technology. Visit us online at
verabank.com. Member FDIC.
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SOURCE VeraBank