Northstar Bank parent to be purchased by Texas banking group

MCKINNEY, Texas, — A Texas-based banking group with branches in the Boulder Valley and Northern Colorado will soon be owned by another banking institution from the Lone Star State.

Independent Bank Group Inc. (Nasdaq: IBTX), the holding company for Independent Bank, on Thursday announced that it has entered into a definitive agreement to acquire Carlile Bancshares Inc. and its subsidiary, Northstar Bank, based in Denton, Texas. The deal is valued at $434 million.

Northstar Bank operates 24 branches in Texas and 18 branches in Colorado, including in Firestone, Greeley, Johnstown, Longmont, Loveland and Milliken. Other branches are located in Colorado’s eastern plains,…