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Slide #56. Independent Bank Group, Inc. — BOH Holdings, Inc.
Independent Bank Group, Inc. (NASDAQ:IBTX)
BOH Holdings, Inc.
Independent Bank Group, Inc. (Nasdaq:IBTX), the holding company for Independent Bank, today announced the completion of the acquisition of BOH Holdings Inc. and its subsidiary, Bank of Houston, Houston, Texas (collectively "BOH"). BOH reported total consolidated assets of $923.9 million, total deposits of $804.2 million, and total equity capital of $97.5 million at December 31, 2013. Bank of Houston is a full service commercial bank with six offices in the greater Houston, Texas area.
Independent Bank Group is a bank holding company. Through its subsidiary, Independent Bank, Co. provides a range of banking services to individual and corporate customers in the North, Central and Southeast, Texas areas and along the Colorado Front Range, through its various branch locations in those areas. Co. is engaged in community banking activities, which include commercial and retail lending, deposit gathering, investment and liquidity management activities. Co.'s primary deposit products are demand deposits, money market accounts and certificates of deposit, and its primary lending products are commercial business and real estate, real estate mortgage and consumer loans.
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Strong Buy (3.50 out of 4)