Liberty Bank and Trust Company Agrees to Acquire Metro Bank
Liberty Bank and Trust Company and its parent bank holding company (Liberty Financial Services Inc.) and Louisville Development Bancorp Inc. (the holding company for Metro Bank Inc.) announced their agreement that Louisville Development Bancorp will be acquired by Liberty Bank and Trust Company in a share exchange transaction. The cash transaction is subject to Louisville Development Bancorp shareholder and regulatory approval and is expected to close during the first quarter of 2020. Liberty Bank and Trust Company operates 16 offices in eight states: Louisiana, Mississippi, Kansas, Missouri, Michigan, Alabama, Illinois and Texas. On. Sept. 30, Liberty had approximately $628 million in assets and $541 million in deposits. Metro Bank operates a single office in Louisville, Kentucky. On Sept. 30 Metro Bank had approximately $26 million in assets and $21 million in deposits.