Printer Friendly

First Financial Bank to acquire 4Trust Mortgage.

M2 EQUITYBITES-April 13, 2015-First Financial Bank to acquire 4Trust Mortgage

(C)2015 M2 COMMUNICATIONS http://www.m2.com

First Financial Bankshares, Inc. (NASDAQ: FFIN) wholly owned subsidiary First Financial Bank, N.A. said it has signed an agreement to acquire 4Trust Mortgage, Inc. at a purchase price of USD1.9 million. The acquisition is to be completed in May 2015.

Owners of 4Trust Troy A. Fore, Jr., Tammie Harding, Kami Graves and Ryan Craig, are expected to join First Financial Bank. 4Trust president and CEO Fore has been named president of First Financial Mortgage, the mortgage division of First Financial Bank. As president, he is in charge of First Financial's mortgage lending operation.

Fore said, "Joining with First Financial will mean expanded products and services, including interim construction loans and a number of other in-house mortgage lending products."

First Financial Bankshares is a financial holding company that through its subsidiary, First Financial Bank, N.A., operates 12 banking regions with 62 locations in Texas.

((Comments on this story may be sent to info@m2.com))

COPYRIGHT 2015 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2015 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 EquityBites (EQB)
Date:Apr 13, 2015
Words:175
Previous Article:Shore Community bank declares 13th stock dividend.
Next Article:Ryman Hospitality Properties prices USD400m of 5% senior notes.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters