Veritex Bank Extends Lease at 777 Post Oak Blvd Office Through 2025; Adds Top of Building Signage

Rhea-AI Summary

Veritex Community Bank has reaffirmed its commitment to the Houston market by securing a new lease at 777 Post Oak Blvd, enhancing brand visibility with prominent signage. The relocation will facilitate better access for customers, leveraging the area's dynamic retail and business scene. This strategic move follows Veritex's merger with Green Bank in 2019, positioning the bank to capitalize on local growth. With over $8 billion in assets and more than 40 branches in Texas, Veritex aims to provide essential banking services to small- and mid-sized businesses.

Positive

• Secured a new lease at a prime location enhancing brand visibility.
• Strategic move to strengthen presence in the growing Houston market.
• Positioning to serve small- to mid-size businesses, a niche overlooked by larger banks.

Negative

• None.

(www.veritexbank.com) Veritex Community Bank has announced they will stay in the heart of the Galleria area with their CRE and Community Banking teams at 777 Post Oak Blvd. Veritex sought the assistance of the CBRE Tenant Representation Team of Collin Grimes and Weldon Martin to help secure the deal which includes adding top building signage at 777 Post Oak Blvd.

Jon Heine, Veritex Community Bank - Houston Market President (Photo: Business Wire)

“We are thrilled to have the Veritex Bank name on a premier address in Houston convenient to both our customers and colleagues,” said Jon Heine, Houston Market President. It’s an exciting time for us as we continue to grow our presence in the Houston market.

The new lease provides bold signage at the top of 777 Post Oak Blvd, making the Veritex Community Bank brand visible to millions of Houstonians travelling the West Loop.

Prior to the 2019 merger with Green Bank, Veritex Community Bank settled in 777 Post Oak Blvd to begin building their Houston legacy. Veritex chose the location because of its thriving retail and business activity, new connectivity to the Houston Metro Rail, adjacent to the Galleria’s only 5-star hotel and central location to the city.

About Veritex Bank

Veritex Community Bank is a mid-sized community bank serving its customers with a full suite of banking products and services. The bank has over 40 branch locations in Houston, Fort Worth and Dallas, Texas, with total assets of over $8 billion. The bank, headquartered in Dallas, Texas, specializes in providing depository and credit services small- to mid-size businesses, which have been largely neglected by national banks. The name “Veritex” is derived from the Latin word “veritas,” meaning truth, and “Texas.”

View source version on businesswire.com: https://www.businesswire.com/news/home/20210209006137/en/

FAQ

What is the significance of Veritex Bank's new lease at 777 Post Oak Blvd?

The lease at 777 Post Oak Blvd enhances Veritex Bank's visibility and accessibility in the Houston market, crucial for attracting local customers.

How does the new location benefit Veritex Community Bank?

The new location provides bold signage and is situated in a bustling area with high traffic, facilitating customer access and brand recognition.

What is the financial position of Veritex Community Bank?

Veritex Community Bank has total assets exceeding $8 billion and operates over 40 branch locations across Texas.

What types of banking services does Veritex Bank offer?

Veritex Bank specializes in depository and credit services, focusing on small- to mid-sized businesses.