Independent Bank announces merger with Texas Capital Bank, combined headquarters in McKinney

Texas Capital will be the largest Texas-headquartered bank, the release said, with roughly $48 billion in assets and $39 billion in deposits.

“Independent Bank Group is an outstanding complement to Texas Capital with its enviable commercial branch network, small business market leadership and solid deposit funding model in combination with our strong corporate banking practice and powerful technology and compliance infrastructure,” C. Keith Cargill, Texas Capital President and CEO, said in the release.

Independent Bank built its 150,000-square-foot, six-story headquarters in McKinney in mid-2019 at 7300 Henneman Way. The company had also recently announced a name change from Independent Bank to Independent Financial, as previously reported by Community Impact Newspaper. McKinney is also home to three Independent Bank locations.

Independent Bank currently serves cities across Texas and Colorado.

Texas Capital Bank currently headquarters out of Dallas and has locations across Texas and in New York City.