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IBTX - Independent Bank Inc News Story

$72.98 -1.6  -2.1%

Last Trade - 20/04/21

Sector
Financials
Size
Mid Cap
Market Cap £2.30bn
Enterprise Value £2.39bn
Revenue £430.2m
Position in Universe 1803rd / 6849

BRIEF-Texas Capital Bancshares Announces Mutual Agreement To Terminate Proposed Merger With Independent Bank Group

Tue 26th May, 2020 12:19pm
May 26 (Reuters) - Texas Capital Bancshares Inc  TCBI.O :
    * TEXAS CAPITAL BANCSHARES, INC. ANNOUNCES MUTUAL AGREEMENT
TO
TERMINATE PROPOSED MERGER WITH INDEPENDENT BANK GROUP, INC.
    * TEXAS CAPITAL BANCSHARES INC - TERMINATION WAS APPROVED BY
BOTH
COMPANIES' BOARDS OF DIRECTORS
    * TEXAS CAPITAL BANCSHARES - SIGNIFICANT IMPACT OF COVID-19
PANDEMIC ON COS' ABILITY TO FULLY REALIZE BENEFITS THEY EXPECTED
TO ACHIEVE THROUGH MERGER
    * TEXAS CAPITAL BANCSHARES INC - NEITHER PARTY WILL PAY ANY
TERMINATION FEE AS A RESULT OF MUTUAL DECISION TO TERMINATE
MERGER AGREEMENT

Source text for Eikon:  ID:nGNX2MmSB5 
Further company coverage:  TCBI.O 

 ((Reuters.Briefs@thomsonreuters.com;))
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