Alston & Bird client Charis Holdings, the holding company for Charis Bank, has entered into a definitive agreement to be acquired by Vista Bancshares, the holding company for Vista Bank.
Vista will acquire $258 million in total assets from Charis’s North Texas locations, expanding its footprint to more small- and middle-market companies.
The transaction is expected to close in the second quarter of 2023.
Representing Charis Holdings is an Alston & Bird team led by partners Patrick Hanchey and Sandy Brown, senior associate J.P. Mahoney, and associate Janelle Owusu (Financial Services & Products); partner Blake MacKay, counsel Kerry Wenzel, and senior associate Meredith Gage (Employee Benefits & Executive Compensation); partner Brian Harvel and senior associate Ryan Wheeler (Federal & International Tax); and partner Brett Coburn (Labor & Employment).