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M&A Deal Summary

Great Western Bank Acquires Independent Bank Group - Trust Assets

On June 21, 2019, Great Western Bank acquired financial services company Independent Bank Group - Trust Assets from Independent Bank

Acquisition Highlights
  • This is Great Western Bank’s 1st transaction in the Financial Services sector.
  • This is Great Western Bank’s 2nd transaction in the United States.
  • This is Great Western Bank’s 2nd transaction in Colorado.

M&A Deal Summary
Date 2019-06-21
Target Independent Bank Group - Trust Assets
Sector Financial Services
Buyer(s) Great Western Bank
Sellers(s) Independent Bank
Deal Type Divestiture

Target

Independent Bank Group - Trust Assets

Colorado, United States
Independent Bank Group, Inc. - Trust Assets is a department located in Colorado having approximately $311.7 million in assets held in fiduciary or agency capacities.

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Buyer(S) 1

Buyer

Great Western Bank

Sioux Falls, South Dakota, United States
Category Company
Founded 1935
Sector Financial Services
Revenue 419M USD (2020)
DESCRIPTION

Great Western Bank is the holding company for Great Western Bank, a full-service regional bank focused on relationship-based business and agribusiness banking. Great Western Bank offers small and mid-sized businesses a focused suite of financial products and a range of deposit and loan products to retail customers through several channels, including the branch network, online banking system, mobile banking applications, and customer care centers. Great Western Bank was founded in 1935 and is based in Sioux Falls, South Dakota.

DEAL STATS #
Overall 2 of 2
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Colorado M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-09 Davey Coach Sales

Sedalia, Colorado, United States

Davey Coach Sales is a dealer of new and used mid-sized buses and shuttles, as well as a premier provider of passenger transport vehicles for lease and rental. Davey Coach Sales was founded in 1992 and is based in Sedalia, Colorado.

Buy -

Seller(S) 1

SELLER

Independent Bank

McKinney, Texas, United States
Category Company
Founded 2002
Sector Financial Services
Employees1,547
Revenue 610M USD (2022)
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Colorado M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-22 Guaranty Bancorp

Denver, Colorado, United States

Guaranty Bancorp is a provider of banking and other financial services, including real estate, construction, commercial and industrial, energy, consumer and agriculture loans, to consumers and small and medium-sized businesses, including the owners and employees of those businesses.

Buy $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-09 Texas Capital BancShares

Dallas, Texas, United States

Texas Capital BancShares, Inc. is a commercial bank that delivers highly personalized financial services to businesses and entrepreneurs. Texas Capital BancShares was founded in 1996 and is based in Dallas, Texas.

Buy -
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