HOUSTON – Bracewell LLP represented BOH Holdings, Inc. and its subsidiary, Bank of Houston, in an agreement to sell its operations to Independent Bank Group, Inc., the holding company for Independent Bank, for $243 million. The merger consideration consisted of $34 million in cash and 3,636,060 shares of Independent Bank Group common stock.
BOH Holdings, through Bank of Houston, operated six full service banking locations throughout the Houston area. With the acquisition of BOH Holdings, Independent Bank will have now have a presence in Dallas, Austin and Houston.
Bracewell attorneys involved in this transaction include:
Partners: Jason M. Jean and Scott C. Sanders
Associate: Becky L. Baker