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0 0 0 0 0 0 9.29895031260659E-05 9.29895031260659E-05
Stock impact report

Independent Bank to Sell Nine Colorado Branches

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 23, 2017 (GLOBE NEWSWIRE) -- Independent Bank Group, Inc. (NASDAQ:IBTX), the holding company for Independent Bank, today announced that Independent Bank has signed a definitive agreement to sell nine locations in Colorado to TBK Bank, SSB, a subsidiary of Triumph Bancorp, Inc. (NASDAQ:TBK). Of the nine branches, four are located in eastern Colorado (Akron, Otis, Sterling, and Yuma) and five are located north of Denver (Evans, Firestone, Johnstown, Longmont, and Milliken). These branches were acquired by Independent Bank as part of Independent Bank Group’s acquisition of Carlile Bancshares, Inc. and its subsidiary, Northstar Bank, which closed in April 2017. In the transaction, TBK Bank will purchase approximately $100 million in loans and assume approximately $168 million in deposits associated with the branches for an estimated deposit premium of $7 million, or 4.17%. The actual premium will be based on a 30-day average of deposit balances at the time the tr Show less Read more
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