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Independent Bank Group (IBTX) in McKinney, Texas, has agreed to buy Houston City Bancshares.
June 3 -
Independent Bank Group in McKinney, Texas, was already a busy buyer. Now with nearly $90 million of fresh equity and a valuable stock, the bank is looking to more than double its size over the next five years.
May 7
Independent Bank Group (IBTX) in McKinney, Texas, plans to file a shelf registration that would allow it to sell up to $250 million in debt and equity securities.
The $2.6 billion-asset company disclosed the plans in a press release earlier this week for its planned
Independent also said it is establishing a $35 million unsecured revolving credit facility with U.S. Bank to serve as a back-up source of liquidity and funding.
"The filing of the shelf registration statement is part of our ongoing capital planning process," David Brooks, Independent's chairman and chief executive, said in the release. "We plan to use the proceeds of any offerings under the shelf to support our continuing organic growth and future acquisitions."
Independent, an aggressive acquirer, raised about $90 million when it
