Cornerstone Home Lending Acquires The Roscoe State Bank
June 14, 2021
Cornerstone Home Lending has signed a definitive agreement to acquire The Roscoe State Bank of Roscoe, Texas, creating a combined organization holding roughly $2 billion in assets and over $300 million in equity. The deal aims to expand Cornerstone's product and service offerings, bringing additional home lending and digital banking services to Roscoe's customers; the transaction is subject to customary regulatory approvals.
- Buyers
- Cornerstone Home Lending
- Targets
- The Roscoe State Bank
- Sellers
- Shareholders of The Roscoe State Bank
- Industry
- Financial Services
- Location
- Texas, United States
- Transaction Type
- Buyout
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