Announced
Completed
Financials
Tags
Acquisition
Domestic
Majority
Friendly
United States
Private
Completed
financial services
Single Bidder
Diversified Financials
Synopsis
NBH Bank, a subsidiary of National Bank Holdings Corporation, completed the acquisition of StoneCastle Digital Solutions, a subsidiary of StoneCastle Partners. Financial terms were not disclosed. “Cambr provides us the ability to significantly grow our core deposits with very little incremental overhead. Cambr’s high-touch, low-cost model adds a highly scalable client base that delivers deposits at a significantly lower cost than our traditional retail accounts. The Cambr deposit channel provides NBH with a truly unique source of liquidity and diversifies our funding capabilities and lowers our all-in funding costs,” Tim Laney, National Bank Holdings Corporation Chairman, President and Chief Executive Officer.
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