Independent Bank to buy third Houston-based bank in $164.3M deal

McKinney, Texas-based Independent Bank Group Inc. (Nasdaq: IBTX) plans to buy Houston-based Integrity Bancshares Inc. and its subsidiary, Integrity Bank SSB.

The cash-and-stock deal is expected to close during the second quarter of 2018, according to a Nov. 28 press release. It’s the third local acquisition for Independent Bank Group, which entered the Houston market through a $170 million deal that closed in 2014. 

“We view this as an opportunity to become part of a larger community bank…

Original published: 2017-11-29 08:07:01 Read the full Houston News here

Some local news is curated - Original might have been posted at a different date/ time! Click the source link for details.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Let others know about this!

Send this to a friend