The company will gain branches in Northampton County as part of the $79 million deal.
The Independent Bank-Texas Capital merger could prompt other banks in the state to consider selling or buying.
On Sep. 30, 2019. Dollars in thousands.
The company will hold off on making loans under the Advantage Loan program as it conducts an audit and implements new policies and procedures.
The deal will create a bank with nearly $50 billion in assets.
The company will merge Fidelity Savings and Loan and Washington Savings Bank into its own bank.
With customers now having the opportunity to onboard across multiple devices and channels, or even through a call center, the likelihood of an inconsistent experience is drastically increased, Neal Keene of Intelledox says.
The percentage of farm lenders losing money hit a six-year high in the third quarter, according to the FDIC.
The company will pay $122 million for six branches and nearly $1 billion in assets.
