Victory Bank in Lubbock, Texas, has agreed to buy a 40% stake in McDonald Capital Management.
McDonald is a fee-only investment management firm that oversees more than $350 million in assets.
“Our significant investment … is a testament to both our strategic focus as well as our non-linear approach to building a durable, high-performing, Texas banking enterprise,” C. Brett McDowell, Victory’s co-founder and CEO, said in a statement. “This is another big step in showing that we are genuinely doing things Different AND Better, as we like to say.”