-IBERIABANK Corporation will enter Tampa, Jacksonville, and Tallahassee, Florida -Acquisition of a healthy, small business-focused bank -Significant growth opportunities expected from the combination
-Accretive to EPS in 2016, 20%+ IRR and limited impact to tangible book value per share LAFAYETTE , La.
MCKINNEY, Texas, July 15, 2014 (GLOBE NEWSWIRE) -- Independent Bank Group, Inc. (Nasdaq:IBTX) , the holding company for Independent Bank, today announced that it has commenced a public offering of its Subordinated Notes (the "Notes").
Independent Bank Group plans to use the proceeds of the offering to enhance Independent Bank's financial flexibility and support its growth by using approximately $16.8 million to pay the cash portion of the merger consideration in its previously announced acquisition of Houston City Bancshares, Inc., and its subsidiary, Houston Community Bank, and contributing the balance of the net proceeds to Independent Bank as regulatory capital.
MCKINNEY, Texas, July 17, 2014 (GLOBE NEWSWIRE) -- Independent Bank Group, Inc. (Nasdaq:IBTX) , the holding company for Independent Bank, today announced that it has set the price for the public offering of $65 million of its 5.875% Subordinated Notes due August 1, 2024 (the "Notes"). The Notes have been offered to the public at par.
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