AUSTIN (Austin Enterprise Journal) — Austin-based Keystone Financial institution SSB has raised $18 million to gas progress on the upstart monetary establishment.

The brand new funding will likely be used to develop its crew, improve its banking expertise, eye potential acquisitions and, executives on the 4-year-old group financial institution hope, put it on monitor to managing greater than $1 billion in property inside two years.

That may put it in rarified firm. Solely two domestically headquartered banks had property of at the very least $1 billion as of mid-2021, Horizon Financial institution and Pioneer Financial institution, which was later acquired by Sunflower Financial institution.