Keystone Bancshares Closes Acquisition of Ballinger National Bank in Texas, USA.
MANews-(C)2009-2018
18 October 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.
Westlake Securities is a middle market investment bank, founded in 2003, and headquartered in Austin, Texas.
Keystone Bank launched in 2018 with an entrepreneurial approach to community banking. Based in the Austin suburb of Bee Cave, it will initially focus on serving clients in western Travis County and the Hill Country.
Its services...
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