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twitterBanks planning merger
Monday, Nov. 22, 2004 | 10:34 a.m.
SouthwestUSA Bank, a private bank and a subsidiary of SouthwestUSA Corp., and Nevada Trust Co., which is wholly owned by Trustar Corp., announced this morning that they have filed an application to merge. The application was filed with the Federal Reserve Bank and the State of Nevada's Financial Institution Division.
SouthwestUSA will acquire Nevada Trust, which will operate as a wholly owned subsidiary. The boards of both companies have approved the merger. The deal is expected to close in early 2005, subject to regulatory approvals.
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