Independent Bank Group, Inc.


Ticker: IBTX

Initial purchase: 1/6/2015

Cost basis: $25.56

Current Portfolio Status: Hold

Dividend Reinvestment: N

Dividends paid quarterly in Feb, May, Aug, Nov

Shares held on account at Motif

Independent Bank Group, Inc. operates as a bank holding company for Independent Bank that provides commercial banking products and services for businesses, professionals, and individuals in the United States. It offers various deposit products, including checking and savings accounts, demand accounts, money market accounts, and certificates of deposit, as well as individual retirement accounts. The company also provides commercial real estate loans; commercial construction, land, and land development loans; residential real estate loans; single family interim construction loans; commercial loans comprising SBA guaranteed loans, business term loans, equipment financing, and lines of credit; agricultural loans; and consumer loans, such as installment loans that include loans to purchase cars, boats, and other recreational vehicles, as well as originates mortgages for investment banks and other financial institutions. In addition, it offers debit cards, direct deposit services, treasury management services, and online and mobile banking services, as well as estatements and bank-by-mail services. The company operates 39 banking offices located in the Dallas/Fort Worth, Austin, and Houston, Texas. Independent Bank Group, Inc. was founded in 1988 and is headquartered in McKinney, Texas.

21 November 21, 2016 announced agreement to acquire Carlile Bancshares which holds a FDIC approved “shelf charter” that allows the company bidding access to federally insured banks being auctioned by the FDIC. This specialized vehicle is designed to acquire the assets and deposits of failing depository institutions from the FDIC. The charter remains inactive or “on the shelf” until Carlile is the successful bidder of a failing institution.

29 November 2016


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