Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, November 21, 2013

BRIEF-Independent Bank to purchase BOH Holdings, (NASDAQ: IBCP), (NASDAQ: IBTX), (NASDAQ: INDB)

Independent Bank Group Inc : * To acquire BOH Holdings Inc * Merger consideration to consist of $34 million cash and 3.6 million shares of Independent Bank Group common stock * Says Independent Bank Group will pay an aggregate transaction value of $170million * Upon completion of this acquisition and pending acquisitions, co would havetotal assets of approximately $3.2 billion * Says james stein will serve as vice chairman/houston region CEO and willoversee Houston operations of combined co * Source text for Eikon * Further company coverage

Independent Bank Corporation is a bank holding company. Shares of IBCP traded higher by 2.94% or $0.33/share to $11.55. In the past year, the shares have traded as low as $3.33 and as high as $11.75. On average, 184831 shares of IBCP exchange hands on a given day and today's volume is recorded at 137959.

Independent Bank Group, Inc., is bank holding company. Shares of IBTX traded higher by 0.54% or $0.22/share to $41.06. In the past year, the shares have traded as low as $27.54 and as high as $44.69. On average, 21442 shares of IBTX exchange hands on a given day and today's volume is recorded at 13721.

Independent Bank Corp. is a bank holding company. Shares of INDB traded higher by 2.06% or $0.74/share to $36.68. In the past year, the shares have traded as low as $27.72 and as high as $39.73. On average, 79080 shares of INDB exchange hands on a given day and today's volume is recorded at 74835.



Source