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Amerisource Business Capital Acquires Two Specialty Finance Units From MidSouth Bank

October 17, 2019, 09:15 AM
Filed Under: Industry News

Amerisource Business Capital announced the acquisition of two specialty finance business units from MidSouth Bank, based in Lafayette, Louisiana. The two acquisitions included loan portfolios of over 1200 commercial borrowers.  In conjunction with the acquisition, three key members of the specialty finance units have joined Amerisource Business Capital and are based in Amerisource’s new office in Lafayette, Louisiana.

Bill Herrington, EVP of Amerisource, stated, “We are excited about this acquisition as it broadens and deepens our roots in the Louisiana market, an attractive and well known area to us that aligns perfectly with our long term growth objectives.”

Michael Monk, Managing Partner of Amerisource added, “This acquisition immediately expands our product offerings and capabilities, as well as our footprint in the Louisiana market.  The team at MidSouth Bank built two great business units over the past decade, and they were terrific to work with throughout this process.  Our new office and team members in Lafayette are already up and running and will continue to serve the existing customer base and greater Louisiana market.  We look forward to providing the same outstanding service and support to these growing companies that we have to our other clients over the past 35 years.”

Jim McLemore, former President and CEO of MidSouth Bank, stated, “The team at Amerisource was responsive, closed quickly, and was a pleasure to work with.  And, as one of the most respected independent lenders we know, we are confident Amerisource will be a great partner for these former MidSouth Bank customers and employees.”

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