M&A Deal Summary

Independent Bank Acquires Texas Capital BancShares

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

Acquisition Highlights
  • This is Independent Bank’s 9th transaction in the Financial Services sector.
  • This is Independent Bank’s 9th transaction in the United States.
  • This is Independent Bank’s 6th transaction in Texas.

M&A Deal Summary

Date 2019-12-09
Target Texas Capital BancShares
Sector Financial Services
Buyer(s) Independent Bank
Deal Type Merger
Advisor(s) Jefferies
Goldman Sachs (Financial)
Sullivan & Cromwell (Legal)

Target

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(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 9 of 10
Sector (Financial Services) 9 of 10
Type (Merger) 1 of 2
State (Texas) 6 of 6
Country (United States) 9 of 10
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