Sullivan & Cromwell, Wachtell Lead $3B Bank Merger Deal

Law360 (December 9, 2019, 11:12 AM EST) -- Texas Capital, advised by Sullivan & Cromwell, will join forces with Wachtell led-Independent Bank Group in a roughly $3.07 billion stock deal announced Monday aimed at creating a top Texas-based regional banking player.

The deal, billed as a merger of equals between Texas Capital Bank parent Texas Capital Bancshares Inc. and Independent Bank holding company Independent Bank Group Inc., stands to create a Texas-focused bank with about $48 billion in assets and a market capitalization of roughly $5.5 billion, according to a statement. 

The terms of the deal call for each Texas Capital share to be swapped for 1.03 shares of...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!