Independent Bank Group (IBTX) in McKinney, Texas, has agreed to buy Collin Bank in Plano, Texas.

Independent will pay about $29.1 million in cash and stock, or $10 a share, for the $204.1 million-asset Collin Bank. Independent said in a press release Friday that the deal should add to its earnings per share immediately and be slightly accretive to tangible book value at closing.

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