Independent Bank - M&A Summary, Ownership, and Business Overview

Financial ServicesCompany

Independent Bank M&A Summary

Independent Bank has acquired 14 companies of its own, including 2 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 1 asset.

Independent Bank’s largest acquisition to date was in 2021, when it acquired Meridian Bancorp for $1.2B. Independent Bank has acquired in 5 different US states. The Company’s most targeted sectors include financial services (100%).

Independent Bank Ownership

Who owns Independent Bank?

Independent Bank is owned by South State. It was acquired on May 20, 2024.

Independent Bank Business Overview

Where is Independent Bank headquartered?

Independent Bank is headquartered in McKinney, Texas.

What is Independent Bank’s revenue?

Independent Bank disclosed revenue of 610M USD for 2022 and 587M USD for 2021.

How many employees does Independent Bank have?

Independent Bank has 1,547 employees.

What sector is Independent Bank in?

Independent Bank is a financial services company.

When was Independent Bank founded?

Independent Bank was founded in 2002.

M&A Summary

  • M&A Total Activity11
    • M&A Buy Activity10
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 8
  • M&A Advisors 6

Independent Bank

Independent Bank Group, Inc.

7777 Henneman Way,
McKinney, Texas 75070
United States,
(972) 562-9004
www.independent-bank.com

Independent Bank provides a wide range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals, and individuals. Independent Bank was founded in 2002 and is based in McKinney, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 9 - 1 - - - 10
vol $1.7B $1.2B $2.9B
Sell (0.0/yr) # 1 - - - - - 1
  11

Most Recent M&A

Company Date Value Type
Meridian Bancorp, Inc. 2021-04-22 1.2B USD Merger
Peabody, Massachusetts · www.ebsb.com
Texas Capital BancShares, Inc. 2019-12-09 - Merger
Dallas, Texas · www.texascapitalbank.com
Independent Bank Group, Inc. - Trust Assets 2019-06-21 - Divestiture
, Colorado
Guaranty Bancorp 2018-05-22 1.0B USD Add-on Acquisition
Denver, Colorado · www.gbnk.com
Guaranty Bank and Trust Co. 2018-05-22 - Divestiture
Cedar Rapids, Iowa · www.guarantybankco.com
Integrity Bancshares, Inc. 2017-11-28 - Divestiture
Camp Hill, Pennsylvania
Carlile Bancshares, Inc. 2016-11-21 434M USD Add-on Acquisition
Forth Worth, Texas · www.carlilebancshares.com
Houston City Bancshares, Inc. 2014-10-01 - Add-on Acquisition
Houston,, Texas
Collin Bank 2013-12-03 173M USD Add-on Acquisition
Plano, Texas
BOH Holdings, Inc. 2013-11-21 - Add-on Acquisition
Houston, Texas
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 10 (100%) 2.9B (100%) 1 (100%) -
Total 10 $2.9B 1 -

By Geo

State/Country Buy Value Sell Value
United States 10 2.9B 1 -
  Texas 6 730M - -
  Colorado 1 1.0B 1 -
  Pennsylvania 1 - - -
  Massachusetts 1 1.2B - -
  Iowa 1 - - -
Total 10 $2.9B 1 -

Top M&A Advisors

Financial Deals
Sandler O'Neill + Partners LP
2
Keefe, Bruyette, & Woods, Inc.
2
Stifel, Nicolaus & Co., Inc.
1
Legal Deals
Wachtell, Lipton, Rosen & Katz
4
Haynie, Rake & Repass & Klimko
3
Andrews Kurth Kenyon LLP
1

Deal Values

buy # Total
> $1B 2 $2.2B
$100M to $1B 3 $730M
TOTAL $2.9B
Largest Meridian Bancorp, Inc.
$1.2B (2021-04-22)

M&A Connections

Deals
Acquired from
Investor(s)
10%
1 (10%)
Strategic(s)
20%
2 (20%)
Divested to
Strategic(s)
100%
1 (100%)

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