Deal snapshot: KEYSTONE BANCSHARES CLOSES ACQUISITION OF BALLINGER NATIONAL BANK IN TEXAS, USA.
MANews-(C)2009-2018
Texas, US-based bank holding company Keystone Bancshares, Inc has acquired Ballinger National Bank, to be operated under the Keystone Bank name, the company said.
Keystone Bancshares also raised USD 20m. Westlake Securities' investment banking team served as an exclusive placement agent to the company. This was the second capital raise that Westlake Securities has completed for central Texas community banks in recent years, and the fifth capital raise completed in the past year on behalf of clients.
Country: USA
Sector: Banking/Financial Services
Target: Ballinger National...
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