Looking to expand its offerings in the financial services industry, IPA 100 firm FORVIS (FY22 net revenue of $1.49 billion) is acquiring Louisville, Ky.-based ProBank Austin.
Formed in 2017 by the merger of Professional Bank Services and Austin Associates, but with roots dating back to 1967, ProBank Austin provides education, loan review, regulatory compliance, asset/liability and interest rate risk management, and capital advisory services to financial institutions. When the deal closes on Oct. 1, more than 50 ProBank Austin professionals will join FORVIS.
“ProBank Austin is a trusted advisor to the financial services industry that truly prioritizes client service,” says Jerry Henderson, FORVIS regional MP of advisory services. “With this addition, FORVIS will augment the strength of existing service lines such as regulatory compliance, loan review, internal audit and investment banking, while also expanding our capabilities in the areas of education services and financial management.”