Texas Capital Bancshares and Independent Bank Group terminate their $5.5bn merger.

Texas Capital Bancshares, a commercial bank headquartered in Dallas, agreed to merge with Independent Bank Group, which provides a wide range of relationship-driven commercial banking products and services, in a $5.5bn deal. Former Texas Capital shareholders will own 55% and Independent Bank Group shareholders will own 45% of the combined company. "This combination with Texas Capital is a singular opportunity to significantly diversify our customer base, business lines and loan concentrations, enabling us to accelerate our growth and enhance our financial flexibility for continued strategic investments. At the same time, Independent Bank Group will benefit from the strength of Texas Capital’s technology, processes and systems to ensure we are even better positioned to serve and compete for clients in all lines of business while mitigating risk," David R. Brooks, Independent Bank Group Chairman and CEO. On May 26, 2020 Texas Capital announced the termination of the merger.