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Independent Bank Group looking for Houston acquisitions

April 3, 2013
Houston Business Journal

A McKinney-based bank is scouting out the Houston market for potential acquisitions. It’s also in the midst of going public, which industry observers say will give it more muscle to scoop up banks. In regulator filings, Independent Bank Group Inc. said it plans to explore the Houston and San Antonio markets for bank deals, believing there are opportunities to buy small banks throughout the state “either because of scale and operational challenges, regulatory pressure, management succession issues or shareholder liquidity needs.” “They’ve been looking around (for Houston bank deals) for a while, but now they (will) have public currency, which should make them a more attractive buyer,” said Dan Bass, Houston managing director at Chicago-based fixed-income services firm Performance Trust Capital Partners LLC.

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