#community-banking

#community-banking

Cornerstone said the deal will expand its statewide market share, moving it into the top 20 Texas banks with less than $10 billion in assets, while reducing its cost of deposits by about 68 basis points. The merger is also expected to boost the bank's mortgage origination and servicing divisions by creating additional lending capacity and generating significant pricing and revenue synergies without compromising asset quality, according to the announcement.

Key Mortgage said the platform is designed to strengthen ties with community lenders by expanding their loan portfolios and helping them meet demand for home financing, as well as enabling them to add mortgage services without expanding staff or technology. Our goal with Key Mortgage Affinity is to be a true partner, helping institutions serve their customers more deeply without burdening them with additional infrastructure, said Ralph Melbourne, president of Key Mortgage.

"We've never done anything big in the United States without little banks. Although community banks have always shared the landscape with larger institutions..."