November 15, 2021
Spirit of Texas Bancshares, Inc. Investigation
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Spirit of Texas Bancshares, Inc. (“Spirit” or the “Company”) (NASDAQ: STXB) in connection with the proposed acquisition of the Company and its wholly owned subsidiary, Spirit of Texas Bank SSB, by Simmons First National Corporation (“Simmons”) (NASDAQ: SFNC). Under the terms of the merger agreement, holders of Spirit common stock will receive, in the aggregate, 18,325,000 shares of Simmons common stock, while holders of Spirit stock options and warrants will receive cash payments.
Join Case →