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.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
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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.
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