Stellar Bank completes name change and launches new brand
HOUSTON, February 24, 2023 (GLOBE NEWSWIRE), — Stellar Bank, a banking subsidiary of Stellar Bancorp, Inc. (NASDAQ : STEL), has announced that it changed its name to Stellar Bank. The new brand was created in connection with the conversion operations and systems. Stellar Bank was created by the merger of Equals of Allegiance Bank, CommunityBank of Texas N.A.
“We are excited to unveil our new brand that exemplifies our unique position to provide an even better banking experience with greater scale and capability backed by a high level of service,” said Ray Vitulli, Chief Executive Officer of Stellar Bank.
Inspired by the stars found in legacy banks, the Stellar Bank logo symbolizes a shining beacon to help customers, shareholders, and employees reach their goals. This logo symbolizes the openness and insight that we strive for in all of our relationships and the service we provide.
“Since the announcement of the merger of equals, our talented team of professionals has continued to provide our customers with outstanding community banking service, while focusing on the execution of our integration plans and transitioning our customers to the Stellar Bank experience. We are extremely grateful to our colleagues across the organization who have worked diligently to achieve this milestone,” continued Vitulli. “We are incredibly excited about the future of Stellar Bank.”
Ahead of the conversion, customers received communications about the changes to their services and a Welcome Guide with information about Stellar Bank’s products and services, key dates related to the merger, disclosures, and terms and conditions. Our new website, www.stellar.bank has a section dedicated to merger resources that provides important information for customers as they navigate the transition.
About Stellar Bancorp, Inc.
Stellar Bank, a wholly-owned subsidiary of Stellar Bancorp, Inc., has its headquarters in Houston, Texas. It provides a wide range of commercial banking services, primarily to small to medium-sized companies and individuals in the Houston, Beaumont, Dallas, and surrounding areas of Texas.
Relations with investors:
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