Commerce Street Capital’s (“CSC”) Hatch Cummings Smith, Jr. was named the Intermediary Dealmaker of the Year at the 2014 Mergers & Acquisition Awards in Dallas. Smith, a vice president in the firm’s Financial Institutions Group, was recognized for his work on the acquisition of Park Cities Bank (NTBS/PCB), by Olney Bancshares of Texas, Inc. Commerce Street Capital was also a finalist in this year’s Small Deal category for the three-year restructuring process that preceded the sale, including reorganization and a court-supervised auction under Chapter 11 bankruptcy protection, of the same deal.
“It is an honor to be recognized for the hard work we put into this deal,” said Smith, who was the lead advisor on the sale. “We spent more than three years working on this deal and I’m glad that not only did we find a successful resolution, but others noticed the hard work it took to get us to that resolution.”
Smith, who joined CSC in 2008, spent 85 percent of his time in 2013 working on a resolution and serving as a strategic advisor for Park Cities Bank and its parent, North Texas Bancshares, Inc (NTBS/PCB). Some of CSC’s distinguished partners, who worked with Smith on the deal, claim that it was one of the most difficult deals in the firm’s history.
The 2014 Mergers & Acquisition Awards were presented by D CEO and the Association for Corporate Growth to honor a variety of North Texas mergers and acquisition deals and dealmakers in six different categories.
To view the complete list of this year’s 2014 M&A Award Winners CLICK HERE.
About Commerce Street Capital
Commerce Street Capital, LLC (“CSC”) is a private investment banking firm headquartered in Dallas, Texas. Led by veterans of the banking industry, CSC specializes in investment banking services (mergers and acquisitions, valuations and regulatory issue advising) and bank development (on-site consulting, sales and management of bank capital raises, market assessments and the bank regulatory application process). The firm provides tailored solutions for all or part of a financial institution's business lifecycle. For more information, visit www.commercestreetcapital.com or call 214-545-6800. CSC is a member of FINRA/SIPC.
This press release is for information purposes only and does not constitute a solicitation or offer by Commerce Street Capital, LLC, to buy or sell any securities, futures, options, foreign exchange or other financial instrument or to provide any investment advice or service. The testimonials stated within this press release may not be representative of the experience of other clients. The testimonials stated within this press release are not indicative of future performance or success. The testimonials stated within this press release are not paid testimonials.