Texas bank to acquire Guaranty Bancorp in $1B deal

DENVER — Texas-based Independent Bank Group Inc. (Nasdaq: IBTX) announced Wednesday that it plans to acquire Denver-based Guaranty Bancorp. (Nasdaq: GBNK), the holding company for Guaranty Bank and Trust Co.

Guaranty Bancorp will merge with and into Independent Bank Group in an all-stock transaction valued at $1 billion, according to a statement by Guaranty Bancorp.

If the deal goes through, shareholders of Guaranty Bancorp will receive 0.45 shares of IBTX common stock for each share of GBNK common stock, or approximately $35.37 per GBNK share, based on the closing price of IBTX common stock of $78.60…