Company Profile
- Founded in 1991, VeraBank, Inc. (“VeraBank” or “the company”) is the bank holding company for privately held VeraBank, National Association (“the bank”), headquartered in Henderson, Texas. The company, currently $4.4 billion in assets, operates 39 branches predominantly in the smaller communities of East TX and parts of Central TX, including the suburbs of Austin.
- VeraBank’s growth strategy has been a balanced mix of organic growth supplemented with acquisitions, as the company has completed six acquisitions since 2012 with the most recent being in 2Q21. The Austin MSA remains a key focus for expansion, with the opening of its full-service branch in 2021.
- The loan portfolio is concentrated in residential mortgage, representing 35% of total loans at 1Q25, followed by C&I (including owner-occupied CRE) at 28%, and investor CRE (including multifamily) at 20%. Moreover, given its presence in higher-growth markets, VeraBank has reflected a…