Rebranded Texas bank raises $90M in capital
A recently rebranded bank in Dallas has raised $90 million in capital.
The $93 million-asset MapleMark Bank said in a press release that its investors included "prominent families" in Texas and Oklahoma.
The proceeds will be used for organic growth with a focus on commercial and industrial loans, owner-occupied real estate lending and private banking, said Tony Davis, the bank's chairman and CEO.
An investor group bought First National Bank of Edgewood in November and renamed it in January. Davis and Eric Davis, MapleMark’s president, were principals of F&M Bank and Trust in Tulsa, Okla. F&M was sold to Prosperity Bancshares in 2014.
"Just as in our previous bank, we are committed to building strong, long-term relationships with our bank clients by listening to their vision, then tailoring bespoke, end-to-end financial solutions to help them fulfill their business and personal needs," Tony Davis said in the release.