Veritex Holdings said the deal with the family-owned mortgage lender will also give it a seat on Thrive’s board of directors.
The transaction would close by mid-year pending regulatory OKs.
-
The Rise of Digital Mortgages in Lending: How Tech Innovations are Reshaping the Market Explore the rise of digital mortgages and how technology innovations are transforming the lending market. Learn about AI, blockchain, and digital platforms reshaping the mortgage industry.
Estimated reading time: 0 minutes, 20 seconds
Veritex Bank Buys 49% of Thrive Mortgage for $53.9M
The holding company for Dallas-based Veritex Community Bank is spending $53.9 million in cash for a 49% stake in Georgetown, Texas-based Thrive Mortgage. So reports The Dallas Morning News.
MOST READ STORIES
Fast,Easy & Free
