Susser Bank Holdings LLC Has Acquired BancAffiliated, Inc. and its subsidiary Affiliated Bank, Arlington Texas
By: Susser Bank Holdings LLC | July 2, 2018
Susser Bank Holdings LLC (“SBH”) announced today its acquisition of approximately 66% of the common shares of BancAffiliated, Inc. (“Affiliated”) and its wholly owned subsidiary, Affiliated Bank, N.A. The investment in Affiliated provides a source of capital to accelerate its long-term growth and diversification strategy, designed to benefit the Bank as well as its customers, employees and shareholders.
Commerce Street Capital, LLC acted as financial advisor to Affiliated. Luse Gorman, PC acted as legal advisor to Affiliated. Alston & Bird acted as legal advisor to SBH.