Independent Bank Group (IBTX) in McKinney, Texas, is reportedly in talks to buy Houston Community Bank.
Several unnamed sources
Independent has a keen interest in Houston. Last year, it agreed to buy BOH Holdings, the parent of Bank of Houston, for
The bank, which posted a 74% rise in fourth-quarter earnings, is focusing on its auto loans.
The bank is among traditional financial institutions attempting to counter the gains rivals have made in buy now/pay later.
CEO Richard Fairbank told analysts executives have their "microscopes" out for any signs of trouble, but consumers remain "in a great place."
Fees falling outside of tolerances cost the industry more than $1 million per 1,000 loans, according to an ICE Mortgage Technology study from earlier this year.
The Cincinnati, Ohio-based is content with its organic growth, focusing on new branches as its Southeast deposits reach $33 billion.
