Southside Financial institution opens industrial mortgage workplace in Houston Nasdaq: SBSI

TYLER, Texas, April 6, 2021 (GLOBE NEWSWIRE) – Southside Bancshares, Inc. (the “Firm”) (NASDAQ: SBSI), the holding firm of Southside Financial institution (the “Financial institution”), has introduced the opening of a brand new location at 1800 Submit Oak Blvd., Ste. 300. The workplace is scheduled to open on April 12, 2021 and can primarily serve the industrial mortgage market within the Houston space.

Business mortgage officers Adam Gonzalez, Liela Raglin and Alice Yang shall be stationed on the Submit Oak workplace in Uptown Houston. Collectively, the group brings years of lending expertise and information in addition to intensive neighborhood involvement.

“We’re excited to open this location and improve the Financial institution’s presence within the Houston space,” stated Lee R. Gibson, President and CEO of Southside Bancshares, Inc. “Our skilled group of lenders Domestically established is dedicated to offering mortgage options that meet the wants of our purchasers and the higher Houston space. “

The brand new workplace expands the Financial institution’s presence within the Houston space. Southside has operated a retail department inside Kingwood HEB Grocery Retailer at 19529 Northpark Drive since 2019.

About Southside Bancshares, Inc.

Southside Bancshares, Inc. is a Tyler, Texas-based banking holding firm with roughly $ 7.01 billion in property as of December 31, 2020. By means of its wholly owned subsidiary, Southside Financial institution, Southside operates at the moment 54 branches and a community of 76 ATMs. / ITM all through East Texas, Southeast Texas and the higher Dallas / Fort Price, Austin and Houston areas. Serving purchasers since 1960, Southside Financial institution is a community-based monetary establishment that gives a full vary of economic services and products to people and companies. These services and products embrace shopper and enterprise loans, mortgages, deposit accounts, safes, money administration, wealth administration, belief companies, brokerage companies and a variety of on-line and cellular companies.

To study extra about Southside Bancshares, Inc., please go to our Investor Relations web site at https://traders.southside.com. Our investor relations web site supplies an in depth overview of our enterprise, monetary info and historic inventory worth information. To obtain electronic mail notification of firm information, occasions and buying and selling exercise, please register on the E mail Notification portion of the web site. Questions or feedback could be directed to Lindsey Bailes at (903) 630-7965 or [email protected]

Ahead-looking statements

Sure non-historical statements contained on this press launch could also be thought-about “forward-looking statements” throughout the which means and topic to the protected harbor protections of the Non-public Securities Litigation Reform Act of 1995. These forward-looking statements aren’t ensures future efficiency and shouldn’t be taken as consultant of the views of administration at a later date. These statements could embrace phrases reminiscent of “count on”, “estimate”, “plan”, “anticipate”, “seem”, “imagine”, “might”, “ought to”, “could”, “might”, “Will,” “would”, “search”, “intention”, “likelihood”, “danger”, “goal”, “goal”, “goal”, “plans”, “potential” and comparable expressions. Ahead-looking statements are statements about our beliefs, plans, expectations, goals, targets, expectations, assumptions, estimates, intentions and future efficiency and are topic to vital identified and unknown dangers and uncertainties. , which might trigger our precise outcomes to range. materially from the outcomes mentioned within the forward-looking statements. For instance, discussions of tendencies in asset high quality and progress earnings, and sure details about market dangers are based mostly on info at the moment obtainable to administration and rely on selections concerning key options and assumptions of the mannequin and are topic to varied limitations. By their nature, a few of the info to be offered on market dangers are solely estimates and might be materially totally different from what truly occurs sooner or later. Due to this fact, our outcomes might differ materially from these estimated. The latest issue that might trigger future outcomes to vary materially from these anticipated by our forward-looking statements consists of the damaging impression of the COVID-19 pandemic on our enterprise, monetary situation, operations and outlook, together with our capacity to proceed to do enterprise. in a few of the communities we serve, the length of the pandemic and its continued results on monetary markets, a discount in monetary transactions and enterprise actions resulting in a lower in deposits and a discount in mortgage initiations, will increase in unemployment charges having an impression on the flexibility of our debtors to repay their loans, our capacity to handle liquidity in a quickly altering and unpredictable market, further rate of interest modifications by the Federal Reserve and different authorities actions in response to the pandemic, together with further quarantines, laws or legal guidelines adopted to counter the results of the COVID-19 pandemic on the financial system.

Further info concerning the Firm and its actions, together with further components which might have a fabric impression on the monetary outcomes of the Firm, is included within the Firm’s annual report on Kind 10-Okay for the 12 months ended 31 December 2020, below “Half I – Level 1. Ahead-looking info” and “Half I – Level 1A. Threat Elements ”and in different paperwork filed by the Firm with the Securities and Alternate Fee. The Firm disclaims any obligation to replace components or publicly announce the results of revisions to any of the forward-looking statements included herein to replicate future occasions or developments.

Media contact: Ashley Fettig | 903.531.7158 | [email protected]

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