InBankshares, Corp (“InBankshares”), a newly established bank holding company founded by a group of seasoned banking executives, announced today that it has raised approximately $70 million of common equity and completed the acquisition of Raton Capital Corporation, the bank holding company for New Mexico-based International Bank, for cash consideration of $46.3 million. The transaction was approved by shareholders and bank regulatory authorities. International Bank was founded in 1918 in Raton, New Mexico and currently operates seven branches throughout northern New Mexico and Colorado with approximately $320 million in total assets. Read more.
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