Sterling has also acquired land from First Horizon National for possible future Sterling Bank branches located in Lewisville, Arlington and Fort Worth. In aggregate, the ten branches acquired add approximately $50 million in loans and $85 million in deposits to Sterling.
J Bridgwater, chairman, president and CEO, said: We are pleased to report the successful acquisition and integration of the First Horizon bank branches located in the Dallas and Forth Worth areas. With the completion of this acquisition we are able to establish a critical presence in Dallas and surrounding communities as well as enter into the Fort Worth market for the first time.
