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M&A likely to follow IPO for Houston-based Green Bancorp

June 27, 2014
SNL Financial

Green Bancorp Inc. might be looking to take a leaf out of Independent Bank Group Inc.'s playbook in an effort to replicate some of the recent success of the McKinney, Texas-based bank. And somewhere near the beginning, that plan suggests filing for an IPO. Daniel Bass, managing director of investment banking at Performance Trust Capital Partners, also pointed to Independent as a model that Green could follow in terms of the deals the company has struck and the performance of its stock since its IPO. "It's easy to extrapolate that and put it to Green and say 'look, we can do the same thing,'" he said. Bass added that Green's IPO announcement was just a matter of time given the bank's size and its need for some liquidity for its private equity investors.

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