Independent Bank Group Central Texas Inc. of Waco is acquiring the $28 million-asset First FSB Bancshares Inc. of Mount Calm and its two subsidiary banks.
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The price was not disclosed.
The $57 million-asset Independent was formed two months ago when the $355 million-asset Independent Bank Group in McKinney bought Coupland State Bank near Austin.
The First FSB purchase would add five branches in the Waco area, more than doubling Independent's network.
The transaction, announced late Monday, is expected to close by mid-summer.
