Independent Bank announced plans Feb. 21 to rebalance its retail footprint by consolidating locations in Colorado and Texas.
The proposed changes are expected to reduce overlap of brick and mortar operations, while keeping the organization well-positioned to support existing customers and future growth, the McKinney-based organization said in a news release.
Affected branches include four in Texas – Shenandoah, Hurst, Colleyville and Rowlett – and eight locations in Colorado.
All were acquired between April 2017 and January 2019 through Independent Bank Group’s acquisition strategy, the news release said.
All impacted branches, with the exception of one in Colorado, will continue to serve customers through May 31, 2019.
Independent Bank Group, through its wholly owned subsidiary, Independent Bank, operates in four market regions located in the Dallas/Fort Worth, Austin and Houston in Texas and in the Colorado Front Range area.
“By streamlining our presence, we increase our ability to give back and channel our resources,” said Chairman and CEO David Brooks. “The belief that we have a responsibility to build strong, healthy communities is a natural extension of our corporate culture. The bank will continue to deepen relationships, while being as efficient as possible in serving our customers.”
The news release said Independent Bank is sensitive to decisions that impact employees and will make every effort to transition those affected by the consolidation to other areas within the organization or offer additional resources to support them through this alignment.
– FWBP Staff