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Veritex to acquire tech-enabled deposit gathering platform interLINK for $91M

Mar. 03, 2022 7:39 AM ETVBTXBy: Jessica Kuruthukulangara, SA News Editor
  • Veritex (NASDAQ:VBTX) will acquire StoneCastle Cash Insured Sweep (dba as interLINK), a StoneCastle Partners subsidiary, primarily for cash and stock in a deal valued at ~$91M.
  • VBTX will purchase interLINK, a tech-enabled core deposit gathering platform, for $3M in cash and issue ~2.1M shares

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