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Texas-based Independent Bank Group to buy Integrity Bancshares in $164.3M deal

McKinney, Texas-based Independent Bank Group Inc. agreed to buy Houston-based Integrity Bancshares Inc. for $31.6 million in cash and 2,072,131 common shares, subject to adjustment.

Based on Independent Bank Group's closing price of $64.05 on Nov. 27, the cash and stock consideration is valued at an aggregate $164.3 million.