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