SouthState (SSB) to Acquire Independent Bank for $2 Billion

SouthState Corporation (SSB) entered into a merger agreement to acquire Independent Bank Group, Inc. (IBTX) in an all-stock transaction valued at approximately $2 billion. Independent Bank is headquartered in McKinney, TX, and had$18.9 billion in total assets, $15.7 billion in total deposits and$14.6 billion in total loans as of Mar 31, 2024. Upon completion of the acquisition, the combined company will have pro forma total assets of $65 billion, deposits of$55 billion, gross loans of $48 billion and a m ...