M&A Deal Summary

Independent Bank Acquires Guaranty Bank and Trust

On May 22, 2018, Independent Bank acquired financial services company Guaranty Bank and Trust from QCR Holdings

Acquisition Highlights
  • This is Independent Bank’s 8th transaction in the Financial Services sector.
  • This is Independent Bank’s 8th transaction in the United States.
  • This is Independent Bank’s 1st transaction in Iowa.

M&A Deal Summary
Date 2018-05-22
Target Guaranty Bank and Trust
Sector Financial Services
Buyer(s) Independent Bank
Sellers(s) QCR Holdings
Deal Type Divestiture
Advisor(s) Keefe, Bruyette, & Woods, Inc. (Financial)
Otteson Shapiro (Legal)

Target

Guaranty Bank and Trust

Cedar Rapids, Iowa, United States
Guaranty Bank and Trust Co. is a provider of financial services. It has five banking locations and approximately $267 million in assets and approximately $213 million in deposits as of March 31, 2017.

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Buyer(S) 1

Buyer

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 8 of 10
Sector (Financial Services) 8 of 10
Type (Divestiture) 2 of 2
State (Iowa) 1 of 1
Country (United States) 8 of 10
Year (2018) 2 of 2
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
2019-06-21 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.

Sell -

Seller(S) 1

SELLER

QCR Holdings

Moline, Illinois, United States
Category Company
Founded 1993
Sector Financial Services
Employees986
Revenue 343M USD (2023)
DESCRIPTION

QCR Holdings is a multi-bank holding company. QCR Holdings was founded in 1993 and is based in Moline, Illinois.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (Iowa) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-08 Guaranty Bank and Trust

Cedar Rapids, Iowa, United States

Guaranty Bank and Trust Co. is a provider of financial services. It has five banking locations and approximately $267 million in assets and approximately $213 million in deposits as of March 31, 2017.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Guaranty Federal Bank

Springfield, Missouri, United States

Guaranty Federal Bank is a bank holding company that provides financial services. Guaranty Federal Bank currently has 16 banking locations in Springfield, Joplin, Carthage, Ozark, Nixa, and Neosho, Missouri. Guaranty Federal Bank was founded in 1913 and is based in Springfield, Missouri.

Buy $152M
Mergr

Product

Company

Legal