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Executives at Allegiance Bancshares have long been vocal about their desire to take the Houston company public. The company recently agreed to buy Farmers & Merchants Bancshares, giving it one more opportunity to boost its profile before taking the plunge.
August 8 -
Independent Bank Group (IBTX) in McKinney, Texas, plans to file a shelf registration that would allow it to sell up to $250 million in debt and equity securities.
June 4 -
Independent Bank Group (IBTX) in McKinney, Texas, has agreed to buy Houston City Bancshares.
June 3
Independent Bank Group in McKinney, Texas, has agreed to buy Grand Bank in Dallas for $80.1 million.
The $4.3 billion-asset Independent agreed to pay $24.1 million in cash and the rest in stock, with the number of shares issued to be determined by Independent's share price at a later date. The companies expect the deal to close in the fourth quarter.
The $609 million-asset Grand, which was founded in 2002, operates two branches in the Dallas area.
Stephens Inc. was the financial adviser to Independent and Haynie Rake Repass & Klimko was its legal counsel. Hovde Group advised Grand and Larry Temple was the seller's legal counsel.
Separately, Independent last week secured a
