 DALLAS, Feb. 24, 2021 GLOBE NEWSWIRE -- Veritex Holdings, Inc. the Company, the holding company for Veritex Community Bank, a Texas state chartered bank, announced the termination of 500 million of an interest rate swap entered into in March 2020 to hedge the variability of cash flow payments attributable to changes in interest rates in regards to forecasted issuances of three-month term debt arrangements every three-months from March 2022 through March 2032. As a result of the interest rate swap termination, the Company expects to recognize a net pre-tax gain of approximately 43.0 million into income starting in March 2022 on a straight line basis over a 10 year period. 