Independent Bank Group, the McKinney-based holding company for Independent Bank, announced today that it has completed the acquisition of United Community Bank, a Highland Village-based bank. The acquisition expands Independent Bank Group’s presence in the Dallas area to 22 locations.
With 31 locations throughout North and Central Texas, Independent Bank is increasing its reach, while maintaining its commitment to its customers.
“We are proud to offer exceptional financial products and services in a manner that serves each community.” David Brooks, Chairman and CEO of Independent Bank Group, said. “Our commitment to partnering with each community, person by person, business by business will not change as we continue to grow.”
Brooks is excited about adding a community bank that shares its commitment to customer service.
“For nearly a century Independent Bank has been known throughout Texas for its strong sense of community,” Brooks said. “We are delighted that United Community Bank customers will be able to keep the strong family-like atmosphere they’ve always experienced.”
The transaction will provide United Community Bank customers with broader lending capabilities, and array of products and services.
Gary Lewis, President of United Community Bank said, “We are excited to join such a forward-thinking organization, which understands that customers deserve personal service, local decisions and fast answers. I look forward to offering expanded services and resources to our customers.”
United Community Bank Chairman, John Jones also expressed his enthusiastic support. “This acquisition is a positive move for our customers and shareholders,” Jones said. “I could not be happier.”
The transaction brings Independent Bank Group’s aggregate holdings to over 330 employees at 31 banking locations and two full-service mortgage offices, with combined assets of more than $1.6 billion.