Texas Capital Bancshares, Inc. - TCBI STOCK NEWS

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) announced a conference call to discuss Q2 2021 results on July 21, 2021, at 4:30 p.m. EDT. Registrations for the call are available online, with a unique PIN provided for access. A replay will be available post-call. Additionally, a strategy update call is scheduled for September 1, 2021. The company is a member of the Russell 2000® Index and S&P MidCap 400®, offering personalized financial services to businesses nationwide.

Texas Capital Bank has appointed Rick Rodman as the Head of Business Banking, effective June 21, 2021. This new position demonstrates the bank's strategy to expand its Business Banking segment significantly. Rodman brings over 15 years of leadership experience in banking, having previously worked at CrossFirst Bankshares, Capital One, and Bank of America Merrill Lynch. The bank's CEO, Rob C. Holmes, emphasized Rodman's local market knowledge and leadership skills, anticipating his contribution to growth and profitability within the Commercial & Industrial Banking franchise.

Texas Capital Bank (TCBI) has committed $100,000 to the Future Bankers Leadership Program at Texas Southern University. This initiative, in partnership with the Texas Bankers Association, aims to enhance diversity in banking by providing formal education, mentorship, and two paid internships for students. Scheduled to launch in Fall 2021, the program prepares students for careers in commercial banking, fostering a more inclusive workforce. Texas Capital Bank emphasizes its commitment to diversity, equity, and inclusion in both its operations and community initiatives.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) announced a revised quarterly cash dividend of $16.2917 per share for its 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B. The dividend, equivalent to $0.4072917 per depositary share, includes an additional period from March 3 to March 15, 2021. This payment is due on June 15, 2021, to holders of record at the close of business on June 1, 2021. Texas Capital is a commercial bank based in Dallas, providing personalized financial services across Texas.

Texas Capital Bank has announced key leadership changes, effective between May and August 2021. Joe Valenzuela is appointed Senior Manager, Diversity, Equity, & Inclusion, aiming to enhance the company’s diversity initiatives. Don Goin takes on the role of Chief Information Officer, focusing on technological strategies to improve client services. Madison Simm steps up as President of Mortgage Finance after the retirement of Jack Nunnery, overseeing critical business solutions in the mortgage sector. These appointments are part of Texas Capital Bank's strategy to strengthen its position and serve clients effectively.

Texas Capital Bancshares (NASDAQ: TCBI) announced plans to redeem all 6 million outstanding shares of its 6.50% Non-Cumulative Perpetual Preferred Stock, Series A, at a price of $25 per share. The redemption will occur on June 15, 2021, coinciding with a scheduled dividend payment date. Holders will receive the redemption price, excluding any unpaid dividends. The shares are held electronically via The Depository Trust Company, with Computershare serving as the redemption agent. This move simplifies the company's capital structure and may enhance shareholder value.

Texas Capital Bancshares (NASDAQ: TCBI) announced the redemption of all issued and outstanding 6.50% Subordinated Notes due 2042, totaling $111 million, effective June 21, 2021. Holders will receive a redemption price of 100% of the principal plus accrued interest up to the redemption date. Post-redemption, interest on the Notes will cease. The Notes are book-entry form through The Depository Trust Company. For redemption details, investors must contact their brokers.

Texas Capital Bank has completed a rebranding initiative, introducing a new logo and an updated website to reflect its commitment to client relationships and future vision under President and CEO Rob C. Holmes. The rebranding focuses on expanding client relationships and enhancing capital flexibility to foster growth and long-term value. The new logo is designed to be modern and approachable, while the redesigned website improves user experience and showcases the bank's expertise. Texas Capital Bancshares is listed on NASDAQ under the ticker TCBI.

Texas Capital Bancshares (NASDAQ: TCBI) has announced a public offering of $375 million in 4.000% Fixed-to-Fixed Rate Subordinated Notes due 2031, priced at 100% of face value. Interest will be paid semi-annually, starting November 6, 2021. The offering is expected to close on May 6, 2021, subject to typical closing conditions. The proceeds will be used for general corporate purposes, including potentially redeeming existing subordinated notes. J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC are acting as joint book-running managers for the offering.