M&A Deal Summary

Veritex Community Bank Acquires interLINK

On March 3, 2022, Veritex Community Bank acquired financial services company interLINK from StoneCastle Partners for 91M USD

Acquisition Highlights
  • This is Veritex Community Bank’s 6th transaction in the Financial Services sector.
  • This is Veritex Community Bank’s largest (disclosed) transaction.
  • This is Veritex Community Bank’s 6th transaction in the United States.
  • This is Veritex Community Bank’s 1st transaction in New York.

M&A Deal Summary
Date 2022-03-03
Target interLINK
Sector Financial Services
Buyer(s) Veritex Community Bank
Sellers(s) StoneCastle Partners
Deal Type Divestiture
Deal Value 91M USD

Target

interLINK

New York, New York, United States
interLINK provides cash management solutions to financial intermediaries, facilitating the investment of cash held in thousands of brokerage accounts into FDIC-insured banks. interLINK administers approximately 420,000 retail brokerage accounts on behalf of multiple broker/dealers and clearing platforms. interLINK was founded in 2010 and is based in New York City.

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Buyer(S) 1

Buyer

Veritex Community Bank

Dallas, Texas, United States
Category Company
Founded 2009
Sector Financial Services
Employees820
Revenue 449M USD (2023)
DESCRIPTION

Veritex Community Bank is a bank holding company that conducts banking activities through its wholly-owned subsidiary, Veritex Community Bank, with locations throughout the Dallas metropolitan area. Veritex Community Bank (www.veritexbank.com) is a Texas state-chartered bank regulated by the Texas Department of Banking and the Board of Governors of the Federal Reserve System. Veritex Community Bank was founded in 2009 and is based in Dallas, Texas.

DEAL STATS #
Overall 6 of 6
Sector (Financial Services) 6 of 6
Type (Divestiture) 2 of 2
State (New York) 1 of 1
Country (United States) 6 of 6
Year (2022) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-21 North Avenue Capital

Ponte Vedra, Florida, United States

North Avenue Capital is a regulated, non-depository government-guaranteed lender. NAC originates and services loans exclusively through the USDA B& I guaranteed loan program within the USDA Rural Development Program. North Avenue Capital was established in 2015 and is based in Ponte Vedra, Florida.

Buy $58M

Seller(S) 1

SELLER

StoneCastle Partners

New York, New York, United States
Category Company
Sector Financial Services
DESCRIPTION

StoneCastle Partners is an asset manager focused on the community banking industry, with a strong track record in managing bank trust-preferred securitizations. The company intends to continue growing its core business by leveraging its origination network and underwriting capabilities to invest in other community bank assets and liabilities through a variety of investment vehicles. StoneCastle Partners is based in New York City.

DEAL STATS #
Overall 1 of 2
Sector (Financial Services) 1 of 2
Type (Divestiture) 1 of 2
State (New York) 1 of 2
Country (United States) 1 of 2
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-19 Cambr

New York, New York, United States

Cambr is a deposit acquisition and processing platform that generates core deposits from accounts offered through embedded finance companies. The company's business-to-business-to-consumer (B2B2C) model leverages the customer base and marketing spend across a wide range of embedded finance companies to source granular, diversified cash deposits in a highly cost-efficient manner. Cambr is based in New York, New York.

Sell -
Mergr

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