Independent Bank Group, Inc.
Dec 1, 2017

Independent Bank Earns SBA Preferred Lender Designation

McKINNEY, Texas, Dec. 01, 2017 (GLOBE NEWSWIRE) -- Independent Bank Group, Inc. (NASDAQ:IBTX), the holding company for Independent Bank, today announced that Independent Bank has been designated as an “SBA Preferred Lender” by the U.S. Small Business Administration (SBA). To earn the Preferred Lender designation, lenders must establish a successful track record and display a thorough understanding of SBA lending policies and procedures.

“Preferred Lender status is the highest designation awarded by SBA to banks that demonstrate a history of prudent SBA lending and strong credit culture,” explains Peggy Smolen, Vice President of Marketing & Communications at Independent Bank. “We are very proud of our community lending practices, and believe our status with the SBA will accelerate our ability to foster growth and energize local businesses.”

Under the Preferred Lenders Program (PLP), high-volume SBA lenders, such as Independent Bank, are delegated loan approval, as well as closing, most servicing and liquidation authority; enabling them to make loan decisions more rapidly.

SBA Preferred Lender status is awarded to lenders who have demonstrated their commitment to small business and have the ability to effectively serve that market. “We’re proud to make an impact on the communities we serve, through high-performance, purpose driven banking,” states Chief Lending Officer Brian Hobart. “And the SBA Preferred Lender Program is the perfect accompaniment to Independent Bank’s local-lending initiatives. Executive Vice President, Tommy Forsythe leads a successful program for our organization while delivering added value to our customers.”

With PLP status, Independent Bank will be able to offer small business customers the full range of SBA loan products as well as a faster and streamlined loan approval process.

About Independent Bank Group
Independent Bank Group, through its wholly owned subsidiary, Independent Bank, provides a wide range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. Independent Bank Group operates in four market regions located in the Dallas/Ft. Worth, Austin, and Houston, Texas and the Colorado Front Range areas.

Contact:
Analysts/Investors:
Michelle Hickox Executive Vice President and Chief Financial Officer
(972) 562-9004
mhickox@ibtx.com

Media: Peggy Smolen
Vice President Marketing & Communications
(972) 562-9004
psmolen@ibtx.com

Source: Independent Bank Group, Inc.

Source: Independent Bank Group, Inc