Texas Capital Bancshares / Independent Bank Group merger

Overview:

• Texas Capital Bancshares and Independent Bank Group have agreed to merge.
• The merger will create the second-largest lender based in Texas by assets, with combined total of around $48 billion.
• Texas Capital shareholders will hold 55% of the new entity.
• Jefferies and Goldman Sachs & Co are Texas Capital's financial advisers; Keefe Bruyette & Woods is representing Independent Bank.

Ben Naylor - Editor