S&C Advises Texas Capital Bank in $5.5 Billion Combination with Independent Bank

December 18, 2019

S&C is advising Texas Capital Bank in its merger of equals with Independent Bank in an all-stock transaction with a total market value of approximately $5.5 billion. The combined company will have approximately $48 billion in assets and $39 billion in deposits, making it the largest Texas-headquartered bank. The transaction is expected to close in mid-2020.
The S&C team advising on the deal is led jointly by Senior Chair H. Rodgin Cohen and financial services managing partner Mitch Eitel. Marc Treviño is advising on executive compensation matters; Davis Wang is advising on tax issues; and Mehdi Ansari is providing advice on intellectual property matters.
This is the third large bank deal that S&C has advised on recently. The Firm previously made headlines for its representation of First Horizon National Corp. in its $3.9 billion merger of equals with IberiaBank Corp. last month. S&C also advised SunTrust Banks in its merger with BB&T Corporation, a transaction that created the sixth-largest U.S. bank. Those transactions were also led by Mitch Eitel and H. Rodgin Cohen.