SWBC announced this week that it had acquired 100% interest in Royalton Real Estate Capital, forming a new company called SWBC Real Estate, LLC. According to a San Antonio Business Journal article, SWBC acquired a 59% stake in the real estate firm — a developer and investor of commercial real estate properties throughout Texas — in 2008 prior to this transaction, which secured the remaining 41% of the company. SWBC has said that all of Royalton's current employees will stay in the company.
"This has been a very successful venture since our original investment," said SWBC President Gary Dudley. "So, naturally we are excited about the acquisition."
"Our goal is to continue to see growth in this real estate operation," said SWBC Chairman Charlie Amato. "In 2008, SWBC entered into a relationship with Royalton. It has been such a great fit that we decided we wanted to expand our ownership in the company."
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