McKinney-based Independent Financial ranks second in the Dallas Business Journal’s 2020 “Middle Market 50,” which recognizes the fastest-growing private and public midsize companies in North Texas. The publication defines middle-market companies as those with annual revenue between $10 million and $1 billion. It includes companies within a 12-county area around the Dallas/Fort Worth metroplex, an area that has experienced an economic boom in recent years. This is the sixth year the Journal has published this list, which ranks nominated companies based on a formula that includes growth percent over a three-year period, as well as other factors.
Independent Financial is based in the Dallas market and has major operations in Houston, Austin and Colorado Front Range (Denver, Fort Collins and Colorado Springs) markets. The company was previously known as Independent Bank before a rebranding in early 2019.
“The inclusion of Independent Financial as a top-tier producer in the Dallas Business Journal’s ‘2020 Middle Market 50’ is a testament to the tireless work of our banking teams across Texas and Colorado, who continue to focus on the needs of businesses and families within our communities,” says David Brooks, chairman, president and CEO. “Independent Financial’s No. 1 focus will always be our customers and delivering the products and services that will help them meet their financial needs. We built Independent Financial for the long term, and that is achieved through strong, lasting relationships with our customers and being there for them.”
The Dallas Business Journal listing, published in the September 11 edition, pegged Independent Financials’ three-year growth at 109.4 percent, with 2019 company-wide revenues of $731.11 million. It was one of only three banks recognized in the 2020 ranking. The bank, founded in 1988, has total assets of $17 billion, operates 93 branches and numbers 1,445 employees. The company had roughly $2 billion in assets when it went public in 2013 and has experienced tremendous growth through strong banking operations and merger-and-acquisition activity.
