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Encore Bancshares, Inc. Sets Price for Initial Public Offering.

HOUSTON -- Encore Bancshares, Inc. (NASDAQ:EBTX) today announced that its initial public offering of 1,904,761 shares of common stock was priced at $21.00 per share. These shares will begin trading today on the Nasdaq Global Market under the symbol "EBTX".

Net proceeds to the Company, after underwriting discounts and estimated expenses related to the offering, will be approximately $36.2 million. These proceeds will be used to support anticipated balance sheet growth, which may include, among other things, contributions to the capital of Encore Bank, N.A., for possible future acquisitions and for general corporate purposes. In addition, the underwriters will have a 30-day option to purchase up to an additional 285,714 shares of common stock to cover any over-allotments.

Keefe, Bruyette & Woods, Inc. is the lead manager and sole book runner and Sandler O'Neill & Partners, L.P., and SMH Capital Inc. are co-managers for the offering. The offering will be made only by means of a prospectus. A copy of the final prospectus relating to the offering may be obtained from Keefe, Bruyette & Woods, Inc., 787 Seventh Avenue, 4th Floor, New York, New York 10019.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission and was declared effective on July 17, 2007. This press release shall not constitute an offer to sell or constitute a solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

About Encore Bancshares

Encore Bancshares, Inc. is a bank holding company headquartered in Houston, Texas and offers a broad range of banking, wealth management and insurance services through its main subsidiary Encore Bank, N.A. Encore Bank operates 11 private client offices in Houston and six in southwest Florida. Headquartered in Houston and with $1.3 billion in assets, Encore Bank builds relationships with professional firms, privately-owned businesses, investors and affluent individuals. Encore Bank offers a full range of business and personal banking products and services, as well as financial planning, wealth management, trust and insurance products through its trust division, Encore Trust, and its subsidiaries Linscomb & Williams and Town & Country Insurance. Products and services offered by Encore Bank's affiliates are not FDIC insured.

"Safe Harbor Statement" under the Private Securities Reform Act of 1995: Statements in this press release regarding Encore Bancshares' business that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Readers are cautioned that these statements involve risk and uncertainties, are only predictions and may differ materially from actual future events or results. For a discussion of such risks and uncertainties, see "Risk Factors" in the Company's Registration Statement on Form S-1, File Number 333-142735, filed with the Securities and Exchange Commission.
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Publication:Business Wire
Date:Jul 18, 2007
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