ViewPoint Financial Group, Inc. (ViewPoint) and LegacyTexas Group, Inc. (LegacyTexas) announced that they have entered into a definitive agreement under which LegacyTexas will merge into ViewPoint and, immediately thereafter, ViewPoint's bank subsidiary, ViewPoint Bank, N.A., will merge into LegacyTexas' subsidiary bank, LegacyTexas Bank. Upon completion of the merger, George Fisk, CEO and vice chairman of LegacyTexas, and Greg Wilkinson, each current LegacyTexas board members, will join the Boards of Directors of both ViewPoint and its banking subsidiary. Mays Davenport, Executive Vice President of LegacyTexas Bank, will become Executive Vice President and Chief Financial Officer of ViewPoint.

Aaron Shelby, Executive Vice President of LegacyTexas, will be named Executive Vice President of ViewPoint. Both Davenport and Shelby will report directly to ViewPoint President and CEO Kevin Hanigan.