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Commerce Street Capital Advises State Bank & Trust on its Recent Acquisition by Meridian Bank Texas

The deal represents Meridian Bank's first acquisition in the DFW Metroplex.

 
PRLog - Jun. 17, 2014 - DALLAS -- Commerce Street Capital, LLC (http://www.commercestreetcapital.com/Root/commercestreet/index.asp) (CSC), a Dallas-based investment banking firm, recently advised State Bank & Trust Co. (http://www.sbtdallas.com/) on its acquisition by Meridian Bank Texas (https://www.meridianbanktexas.com/). State Bank & Trust is headquartered in Carrollton, Texas and Meridian Bank is headquartered in Fort Worth, Texas. This announcement was made today by Dory Wiley, President and CEO of CSC.

CSC Managing Director Brian Johnson was the lead financial advisor for State Bank and was assisted by Associate Preston Simons. CSC’s team worked closely with the State Bank’s leadership in the negotiations with Meridian Bank.

“This deal will allow Meridian Bank to expand its operation into Dallas,” said Johnson. “While Meridian Bank is a relatively new to the Fort Worth banking community, State Bank & Trust has deep roots in DFW and a similar culture that will allow Meridian to seamlessly expand to better serve customers in North Texas.”

Prior to this transaction, State Bank & Trust was a $185 million community bank with branches in downtown Dallas and Denton, Texas. State Bank & Trust has been owned by the prominent Bright family of Dallas since 1990. SB&T Holding, Inc. is the bank holding company and parent of State Bank & Trust.

Meridian has $260 million in assets and has served the Tarrant and Denton counties of Texas since the 1980s. Meridian Bank is a subsidiary of Marquette Financial Companies, a $1.2 billion privately held financial services company established more than 50 years ago. The combined banking operation will have more than 60 employees operating in five locations in the Dallas-Fort Worth area with total assets of nearly $450 million.

CSC’s Financial Institutions Group practice centers exclusively on serving the needs of the financial services sector. The group aims to provide sound, comprehensive advice, expert structuring and optimum execution to banks, bank holding companies and allied businesses. CSC is recognized as a leader in the industry for its valuation practice and the unbiased analyses and independent opinions it provides to clients to help them fulfill their fiduciary obligations.

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About Commerce Street Capital

Commerce Street Capital, LLC (“CSC”) is a private investment banking firm headquartered in Dallas, Texas. Led by veterans of the banking industry, CSC specializes in investment banking services (mergers and acquisitions, valuations and regulatory issue advising) and bank development (on-site consulting, sales and management of bank capital raises, market assessments and the bank regulatory application process). The firm provides tailored solutions for all or part of a financial institution's business lifecycle. For more information, visit www.commercestreetcapital.com or call 214-545-6800. CSC is a member of FINRA/SIPC.

This press release is for information purposes only and does not constitute a solicitation or offer by Commerce Street Capital, LLC, to buy or sell any securities, futures, options, foreign exchange or other financial instrument or to provide any investment advice or service. The testimonials stated within this press release may not be representative of the experience of other clients. The testimonials stated within this press release are not indicative of future performance or success. The testimonials stated within this press release are not paid testimonials.

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Source:Commerce Street Capital
City/Town:Dallas - Texas - United States
Industry:Banking, Business
Tags:Commerce Street Capital
Shortcut:prlog.org/12337859
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