Independent Bank closes $1B acquisition

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Independent Bank Group closed its $1 billion acquisition of Guaranty Bancorp on New Year’s Day as expected. Independent (Nasdaq: IBTX), which is based in McKinney near Dallas but has a large Central Texas presence, announced in May plans to buy Denver-based Guaranty (Nasdaq: GBNK). In the Austin metro, Independent had $647.13 million in deposits at the end of the second quarter, No. 11 among all banks operating in Central Texas, as well as six branches. Guaranty had $13.36 million in Austin-area...

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