Via Email from Meridian Bank of Texas:
We are pleased to announce that on Tuesday, March 11th we entered into a definitive agreement to acquire State Bank and Trust Company.
State Bank and Trust Company, a $185 million community bank, is headquartered in Carrollton with branches in the Dallas Central Business District and in Denton. The bank is owned by the Bright Family of Dallas and focuses on business banking and commercial real estate. The combined banking operation will have more than 60 employees operating in five locations in the Dallas-Fort Worth area with total assets of nearly $450 million.
Read official press release here