The Bank Slate


Mortgage lender gets reg approval to buy Texas bank

Cornerstone Home Lending has received regulatory approval to buy Roscoe State Bank in Roscoe, Texas.

The mortgage lender said in a Wednesday press release that it expects to buy the $226 million-asset Roscoe on or around Oct. 1. 

Cornerstone Capital Bank will have more than $380 million of capital and roughly $1.5 billion of assets. The bank will have three business segments: mortgage lending and servicing, commercial and retail banking and institutional banking. 

“We are delighted to reach this key milestone and look forward to executing plans that will enhance our ability to serve customers and communities nationwide,” Marc Laird, Cornerstone’s chairman and CEO, said in the release. 

“We plan to add seasoned commercial bankers to complement our existing team of mortgage lending professionals and offer more products and services to our customers,” Laird added.

Leave a Reply

Your email address will not be published. Required fields are marked *