McKINNEY (May 8, 2013) — In connection with the completion of its initial public offering, Independent Bank Group, Inc. (NASDAQ: IBTX), the holding company of Independent Bank, appointed Torry Berntsen as its President and Chief Operating Officer. Berntsen brings more than 30 years of banking and financial services experience to the company and is a familiar face to the organization.
Serving as a member of Independent Bank Group’s Board of Directors since 2009, Berntsen was a part of the implementation of the company’s strategic growth initiative in recent years, as well as its initial public offering which was completed on April 8.
Berntsen spent 25 years at The Bank of New York Mellon (BNY Mellon) in various senior management roles, including his last, as Senior Executive Vice President and Chief Client Management Officer. Prior to that, he was a director and President of BNY Capital Markets, Inc. He was also a member of BNY Mellon’s Executive and Asset/Liability Committees. Since 2009, Berntsen served as Vice Chairman of Virtu Management, LLC, a New York City private family management company. In addition to positions on the board of directors at certain portfolio companies of Virtu Management, LLC, Berntsen currently oversees The Tyler Berntsen Memorial Foundation and serves on the board of directors of the Norwegian Christian Home and Health Center.
David Brooks, Chairman and CEO of Independent Bank Group, said Berntsen’s addition is an important step for the future of the company.
“We are delighted to have Torry on our management team full-time,” Brooks said. “Torry brings a unique skillset and his knowledge and experience will be invaluable to our growth strategy. His addition strengthens an already strong executive leadership team.”
Berntsen echoed Brooks’ praise for the team and looks forward to what the company can accomplish. He said the relationships Independent Bank employees form with customers are the true strength of the company.
“I am excited about the future of Independent Bank Group,” Berntsen said. “The company has grown the right way by maintaining a solid foundation and a strong credit culture. The key ingredient lies in the quantity and quality of the company’s human capital. I am thrilled to be able to support our continued growth going forward.”
About Independent Bank Group, Inc.
Independent Bank Group is a bank holding company headquartered in McKinney, Texas. Through its wholly owned subsidiary, Independent Bank, the Company provides a wide range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. Independent Bank operates 30 banking offices in 26 communities in two market regions located in the Dallas/Fort Worth metropolitan area and the greater Austin, Texas, area. As of March 31, 2013, the Company had total assets of approximately $1.764 billion, total loans of approximately $1.422 billion and total deposits of approximately $1.415 billion. Visit independent-bank.com or call 972-562-9004 for more information. Member FDIC, Equal Housing Lender.