Veritex Holdings completed the acquisition of a 49% stake in Thrive Mortgage for $54m.

Veritex Holdings, a bank holding company, completed the acquisition of a 49% stake in Thrive Mortgage, a company arranging loans for others on a commission or fee basis, for $54m. “With a similar culture and alignment of values, Veritex has helped Thrive grow by understanding our business and assisting Thrive with tailored financing, including construction warehouse lending. This expanded partnership, while retaining our nimble operating practices, will allow us to better serve our customers and employees with unequaled products and positions the company for a strong decade of growth," Roy Jones, Thrive Chairman and CEO.