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FirstCapital Bank of Texas Acquires New Bank Branch

MIDLAND, Texas, June 12, 2017 (GLOBE NEWSWIRE) -- FirstCapital Bank of Texas, N.A. (FCB) has signed a definitive agreement with Independent Bank to acquire Independent Bank’s branch located in Marble Falls. The Marble Falls branch was formerly owned by NorthStar Bank. FCB, headquartered in Midland, Texas, plans to complete the branch acquisition by Sept. 1, 2017, although delays could occur.

“As a community bank, we value the communities we serve,” said Brad Burgess, FCB CEO. “We are excited to add the Marble Falls branch and its employees to our FCB family and look forward to continuing our work with the Marble Falls community. The branch acquisition will allow FCB and the new Marble Falls branch to join forces with our Horseshoe Bay branch in meeting the financial needs of the Hill Country region. The planning stages of the transition process are in full effect to ensure a smooth changeover for all customers involved.”

The agreement between the two banks states that the Marble Falls branch located at 507 Ranch Road 2147 will remain open and continue to operate as Independent Bank until the acquisition is completed and will then operate as a branch of FCB going forward. All current staff members will remain employed.

For more information about the acquisition or for customer inquiries, please visit FCBTexas.com or call 844.322.8392.

About FirstCapital Bank of Texas:

With headquarters in Midland, Texas, FirstCapital opened its doors for business on Nov. 17, 1998. FirstCapital is a locally owned and managed, independent community bank serving predominantly the people of West Texas, the Texas Panhandle and the Texas Hill Country with offices in Amarillo, Horseshoe Bay, Lubbock and Midland. FirstCapital Bank is committed to placing “You above all,” which means we place the well-being of our customers, team members and community above all else. We are here to help you achieve your financial, business and life goals and have the highest quality products and services to help you do just that. Click here to visit the FirstCapital Bank of Texas website.

For more information, contact: Katie Boyd KBoyd@FCBTexas.com

Source:Independent Bank Group, Inc.