Texas banks to combine in $5.5B deal
The parent companies of Texas Capital Bank NA and Independent Bank — which both have a presence in Houston — plan to combine in an all-stock deal valued at $5.5 billion.
The combination of Dallas-based Texas Capital Bancshares Inc. (Nasdaq: TCBI) and McKinney, Texas-based Independent Bank Group Inc. (Nasdaq: IBTX) is expected to “create the premier, Texas-based super regional bank,” with approximately $48 billion in assets and $39 billion in deposits, a Dec. 9 press release states.
According…
