Independent in Texas in Talks to Buy Houston Community Bank

Independent Bank Group (IBTX) in McKinney, Texas, is reportedly in talks to buy Houston Community Bank.

Several unnamed sources told the Houston Business Journal that the $3.2 billion-asset Independent could announce the deal could be announced in coming days. Houston Community has $323 million in assets and six branches.

Independent has a keen interest in Houston. Last year, it agreed to buy BOH Holdings, the parent of Bank of Houston, for $170 million in cash and stock.

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