Parent company of Veritex Community Bank, which paid $54.9 million to acquire a 49 percent interest in Thrive Mortgage in 2021, expects a $25 million to $30 million loss if the deal closes.
Source: Inman News
Merger of Lower and Thrive would give Veritex 12.5% ownership stake
Published in Amir Syed, dan snyder, Industry News, Lower, lower.com, Mortgage, paycheck protection program, PPP loan, Randell Gillespie, Roy Jones, Selene Kellan, Technology, Thrive Mortgage, Thrive Mortgage LLC, TJ Kennedy, Veritex and Veritex Community Bank
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