Deal Team

Bank Regulatory
Executive Compensation and Benefits

Independent Bank Group in its $2 billion all-stock acquisition by SouthState

On May 20, 2024, SouthState Corporation (NYSE: SSB) and Independent Bank Group, Inc. (Nasdaq: IBTX) jointly announced that they have entered into a definitive agreement under which SouthState will acquire Independent Bank Group in an all-stock transaction valued at approximately $2 billion.  The combined company will have pro forma total assets of $65 billion and an implied market value of approximately $8.2 billion.

Wachtell, Lipton, Rosen & Katz is serving as legal counsel to Independent Bank Group.