Merger • Financial Services

Independent Bank Acquires Texas Capital BancShares

On December 9, 2019, Independent Bank acquired financial services company Texas Capital BancShares

Acquisition Context
  • 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 5th transaction in Texas.

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M&A Deal Summary

Date December 9, 2019
Target Texas Capital BancShares
Sector Financial Services
Buyer(s) Independent Bank
Deal Type Merger
Advisor(s) Jefferies
Goldman Sachs (Financial)
Sullivan & Cromwell (Legal)

Target Company

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.
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Buyer Overview 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 Context for Buyer #
Overall 8 of 9
Sector: Financial Services 8 of 9
Type: Merger 1 of 2
State: Texas 5 of 5
Country: United States 8 of 9
Year: 2019 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-22 Meridian Bank

Peabody, Massachusetts, United States

Meridian Bank is the holding company for East Boston Savings Bank. East Boston Savings Bank, a Massachusetts-chartered stock savings bank founded in 1848, operates 27 full service locations in the greater Boston metropolitan area including nine full-service locations in its Mt. Washington Bank Division. Meridian Bank was founded in 1848 and is based in Peabody, Massachusetts.

Buy $1.2B