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Family bank makes bank

By July 16, 2014July 12th, 2023Finance & Wealth Management1 min read

Fort Worth based Meridian Bank Texas recently acquired family owned State Bank & Trust Co. based in Carrollton. The State Bank & Trust Company has been owned by the Bright family since the early 1990’s and has maintained the family-owned atmosphere ever since.

“I decided I wanted to be less involved in the banking business, so I looked for people who might fit with our way of doing things,” said Clay Bright, owner of State Bank & Trust Co. “Meridian really did. They’re a good family-owned company and seem to have the same value system.”

Business acquisitions are just one of the ways that ReGeneration Partners helps family-owned businesses. Our consultants understand that professional and family relationships when selling a business. Layoffs, severances and many other factors must be communicated before large business moves to keep families happy while reaching a middle ground for the company.

Dallas Business Journal