Strategic Insights into Banking & Fintech

Gateway First in Okla. to buy Dallas-area bank

Gateway First Bancorp in Jenks, Okla., has agreed to buy First Western Mortgage and unit Colonial Savings in Fort Worth, Texas.

The $2.1 billion-asset Gateway First plans to buy the $502 million-asset Colonial in the first quarter. The price was undisclosed.

Performance Trust Capital Partners advised Gateway First. Olsen Palmer advised First Western Mortgage.

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