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One of the country’s best banks is in McKinney, according to Forbes

Independent Financial has been named the sixth best bank in the U.S. for 2021 by the publication.

McKinney-based Independent Bank Group, the holding company of Independent Financial, has been named by Forbes as the sixth best bank in the United States for 2021.

The bank is the only one in North Texas to crack the top 15 and is the second-highest ranked of all Texas banks on the list, according to a news release from Independent Bank Group.

A compilation of the country’s 100 largest publicly traded banks and thrifts, the list is determined by “a methodology that examines 10 metrics related to growth, credit quality, and profitability from regulatory filings through September 30, 2020.”

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Independent Financial’s ranking is up 13 spots from last year (19th) and speaks to the company’s growth: Its assets grew by 18.7% over last year. In addition, Forbes listed the bank as having operating revenue growth of 11.4%.

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“We run a traditional, straightforward community banking model in four of the strongest markets in the country, and this allows us to be nimble and quickly adapt to changing circumstances and be there for our customers when we’re needed most,” said David Brooks, Independent Financial chairman, president and CEO, in the release.

In addition to North Texas, the bank, with 93 financial centers, maintains a presence in Houston, Austin and the Colorado Front Range area.

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“Obviously, the pandemic was the ultimate test of this block-and-tackle approach, and I’m proud to say our teams across Texas and Colorado rose to the occasion and delivered when customers needed their financial partner to help navigate choppy waters,” Brooks said.

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