On September 14, McKinney-based Independent Bank Group Inc., the parent company of Independent Bank, announced changes to its executive leadership with the appointment of Michael Hobbs as president and chief operating officer. David R. Brooks will remain chairman and CEO and continue to serve as the company’s and bank’s principal executive officer, but he will no longer serve as president. Hobbs will become president and chief operating officer on October 1. He will continue to oversee the bank’s lending function, as well as supervising many aspects of the bank’s daily operations.
“Michael is a talented and experienced bank executive who has re-energized the organic growth of our company,” Brooks says. “Under his leadership, we have developed a new retail strategy, enhanced our middle-market lending team and strengthened our operating platforms. With Michael’s oversight of the day-to-day operations of the company, I will be able to focus on long-term shareholder value creation by guiding the company to achieve strategic and sustainable growth, address positive social change in the communities we serve and meet the challenges of a rapidly evolving industry landscape.”
Hobbs previously served as Independent Bank Group’s executive vice president and chief banking officer. He has more than 25 years of experience in the banking and investment banking sectors, which began with Bank of America in Dallas in the early 1990s. Hobbs previously served as president and director of Guaranty Bank & Trust, which Independent Bank Group acquired in 2019.
Hobbs holds a bachelor’s degree in marketing and an MBA degree in finance from Texas Christian University, where he recently served on the Chancellor’s Advisory Council. He has been active in the communities in which he has lived, serving on the boards of the Colorado Bankers Association, Downtown Denver Partnership and Colorado I Have a Dream Foundation.
“I am thrilled about taking on an expanded role with this dynamic organization,” Hobbs says. “The opportunity to build on the foundation of talented, customer-centric employees and a franchise operating in four of the strongest markets in the U.S. is special. We have several initiatives already underway that will fortify our market presence and enhance our customer experiences.”
Established in 1913, Independent Bank Group, through its wholly owned subsidiary, Independent Bank, operates in four market regions in the Dallas/Fort Worth, Austin and Houston areas in Texas, as well as the Colorado Front Range area, including Denver, Colorado Springs and Fort Collins.