09/03/21
LIBERTY BANK ACQUIRES TRI-STATE BANK OF MEMPHIS, MAKING IT NEARLY A $1 BILLION BLACK-OWNED BANK
With its fresh acquisition of the Tri-State Bank of Memphis, Liberty Bank and Trust Co. has positioned itself to become the nation’s first Black-owned bank with about $1 billion in assets. New Orleans-based Liberty announced its purchase of Tri-State in an all-cash transaction for an undisclosed amount. As of the most recent acquisition, Liberty will have about $965 million in…