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Stock impact report

Independent Bank Group, Inc. Completes Acquisition of Integrity Bancshares, Inc.

Independent Bank Group, Inc (IBTX) 
Last independent bank group, inc earnings: 4/27 05:00 pm Check Earnings Report
Company Research Source: GlobeNewswire
MCKINNEY, Texas, June 01, 2018 (GLOBE NEWSWIRE) -- Independent Bank Group, Inc. (NASDAQ:IBTX), the holding company for Independent Bank, today announced the completion of the acquisition of Integrity Bancshares, Inc. Integrity Bancshares conducts its banking operations through its wholly owned subsidiary, Integrity Bank, Houston, Texas, which has four full service banking locations in the Houston metropolitan area. As of March 31, 2018, Integrity Bancshares reported total assets of $761 million, total loans of $674 million, total deposits of $596 million, and total equity capital of $91 million.  Under the terms of the definitive agreement, Independent Bank Group issued 2,072,131 shares of Independent Bank Group common stock and paid approximately $30 million in cash to the shareholders of Integrity Bancshares as consideration for all of the outstanding securities of Integrity Bancshares.  In addition, Independent Bank Group paid approximately $900 thousand in cash to certain Show less Read more
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