Independent Bank Group, Inc. and Independent Bank Announces Executive Changes
September 14, 2021 at 05:01 pm EDT
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Independent Bank Group, Inc. (“Independent Bank Group” or the “Company”), the parent company of Independent Bank (the “Bank”), announced changes to its executive leadership to position the Company for long-term success and to best serve its customers, communities and shareholders. David R. Brooks will remain Chairman and Chief Executive Officer and will continue to serve as the Company’s and the Bank’s principal executive officer, but he will no longer serve as President. Michael B. Hobbs will serve as President and Chief Operating Officer, effective as of October 1, 2021. Mr. Hobbs will continue to oversee the Bank’s lending function as well as supervising many aspects of the Bank’s daily operations. The promotion of Mr. Hobbs will support the continued development of the Company’s infrastructure and organic growth, while enabling Mr. Brooks to focus on the Company’s strategic vision and culture. Mr. Hobbs previously served as Independent Bank Group’s Executive Vice President and Chief Banking Officer. Mr. Hobbs has over 25 years of experience in the banking and investment banking sectors, which began with Bank of America – Dallas in the early 1990’s. Mr. Hobbs previously served as President and Director of Guaranty Bank & Trust, which the Company acquired in 2019. He has been very active in the communities in which he has lived, and he has previously served on the boards of the Colorado Bankers Association, Downtown Denver Partnership and the Colorado I Have a Dream Foundation.
Independent Bank Group, Inc. is a bank holding company. The Company, through its subsidiary, Independent Bank, a Texas state-chartered bank, doing business as Independent Financial, provides a range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. Its commercial lending products include commercial real estate loans, interim construction loans, commercial loans to a diversified mix of small and midsized businesses, and loans to professionals, including medical practices. Its retail lending products include residential first and second mortgage loans and consumer installment loans, such as loans to purchase cars, boats and other recreational vehicles. It provides a full range of deposit products and services, including a variety of checking and savings accounts, debit cards, online banking, including online account opening, mobile banking, e-statements and bank-by-mail and direct deposit services.