Veritex Holdings said the deal with the family-owned mortgage lender will also give it a seat on Thrive’s board of directors.
The transaction would close by mid-year pending regulatory OKs.
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Mortgage Industry Adapts to Rising Interest Rates The U.S. mortgage industry is adapting to rising interest rates, transforming lending strategies, and borrower behaviors. This article explores the implications for lenders and borrowers, offering insights into new trends and strategies.
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Veritex Bank Buys 49% of Thrive Mortgage for $53.9M
The holding company for Dallas-based Veritex Community Bank is spending $53.9 million in cash for a 49% stake in Georgetown, Texas-based Thrive Mortgage. So reports The Dallas Morning News.
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