Meridian Bank Texas in Fort Worth has acquired State Bank & Trust in Carrolton, Texas.
Meridian, a unit of Marquette Financial Companies, did not disclose the price. Meridian now has five branches and $475 million in assets.
Meridian focuses on energy lending, commercial real estate, and business banking. State Bank focused on residential mortgages, used-car lending and commercial banking.
"This transaction brings together two family-owned banks with complementary geographic and service lines," Glenn Monroe, Meridian's chief executive, said in an interview. "With the new regulations and compliance requirements, we need a bigger base between $500 and $700 million in assets to operate efficiently. We will continue to look for new deals as there seems to be more opportunities for acquisitions in Texas."