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Independent Bank Group Inc (IBG) is a bank holding company. The company provides a wide range of relationship-driven commercial banking products and services through its wholly owned subsidiary, Independent Bank, which operates under the business name Independent Financial. Its services include commercial and retail lending products, deposit products and services, and wealth management services. The company's customer base primarily consists of small to medium-sized businesses, professionals and individuals. IBG operates branches and offices in various locations including the Dallas and North Texas area, the Austin and Central Texas area, the Houston Texas metropolitan area and along the Colorado Front Range area. IBG is headquartered in McKinney, Texas, the US.
Headquarters
United States of America
Address
7777 Henneman Way, Mckinney, Texas, 75070
Website
www.independent-bank.com
Telephone
1 972 5629004
No of Employees
1,517
Industry
Financial Services
Revenue (2023)
$922.8M
Independent Bank Group Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Debit Cards | Online Banking |
| Consumer Installment Loans | Mobile Banking |
| Commercial Real Estate Loans | Wealth Management |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Ownership Changes | In January, the bank was acquired by SouthState Corp. |
| 2020 | Contracts/Agreements | In May, the company announced to terminate its merger agreement Texas Capital Bancshares Inc. |
| 2019 | Contracts/Agreements | In December, the company and Texas Capital Bancshares entered into a merger agreement to create the premier, Texas-based super regional bank. |
Competitor Comparison
| Key Parameters | Independent Bank Group Inc | Comerica Inc | Texas Capital Bancshares Inc | Prosperity Bancshares Inc | First Financial Bankshares Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Mckinney | Dallas | Dallas | Houston | Abilene |
| State/Province | Texas | Texas | Texas | Texas | Texas |
| No. of Employees | 1,517 | 7,565 | 1,785 | 3,941 | 1,500 |
| Entity Type | Private | Private | Public | Public | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| David R Brooks | Chief Executive Officer; Chairman | Executive Board | 2016 | 65 |
| Paul Langdale | Chief Financial Officer; Executive Vice President | Senior Management | 2022 | 37 |
| Michael B Hobbs | Chief Operating Officer; President | Senior Management | 2021 | 61 |
| John G. Turpen | Chief Risk Officer; Executive Vice President | Senior Management | 2021 | 55 |
| Daniel W Brooks | Vice Chairman | Executive Board | 2013 | 63 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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