Welcome to our dedicated page for Texas Capital Bancshares news (Ticker: TCBI), a resource for investors and traders seeking the latest updates and insights on Texas Capital Bancshares stock.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI), headquartered in Dallas, Texas, is a prominent commercial bank known for delivering highly personalized financial services to businesses and entrepreneurs. As a wholly-owned subsidiary of Texas Capital Bank, the company extends its expert services across Texas and throughout the United States. Recognized by Forbes as one of America's Best Banks, Texas Capital Bank prides itself on its client-centric approach and streamlined decision-making processes, making it the best business bank in Texas.
Founded in 1998, Texas Capital offers a comprehensive suite of financial solutions including commercial banking, consumer banking, investment banking, and wealth management. Its operations span key Texas metropolitan areas such as Austin, Dallas, Fort Worth, Houston, and San Antonio. The bank's national lines of business further provide specialized lending products to businesses nationwide, primarily focusing on secured lending with a majority of loans held for investment.
Texas Capital Bancshares has recently been involved in several noteworthy projects and partnerships. These include collaborations with organizations like the Presbyterian Night Shelter to combat homelessness and the launch of innovative financial products such as the Texas Capital Texas Small Cap Equity Index ETF (NASDAQ: TXSS). This new ETF aims to track the performance of small-cap companies headquartered in Texas, reflecting the state’s diverse economy and solidifying Texas Capital's role in supporting local businesses.
Financially, Texas Capital continues to demonstrate robust performance, as evidenced by their latest quarterly reports and forward-looking statements. The bank's ability to handle complex deals while maintaining close personal relationships with clients underscores their commitment to service excellence.
For more detailed information and the latest updates on Texas Capital Bancshares, visit their investor website or contact their representatives directly.
The Federal Home Loan Bank of Dallas (FHLB Dallas), in collaboration with Texas Capital, has awarded an $850,000 Affordable Housing Program (AHP) grant to SAFE, an Austin-based nonprofit. This grant will fund a 60-unit affordable housing complex designed for victims of abuse and homelessness in Austin, Texas. A ceremonial groundbreaking event marked the beginning of the project. The complex, named The Lancaster, will provide high-quality housing and wrap-around services for vulnerable populations. In 2023, FHLB Dallas allocated $28.4 million in AHP grants to support 43 affordable housing projects, including this one. For 2024, they have allocated $79.4 million for the AHP General Fund.
Texas Capital Bancshares (NASDAQ: TCBI) has appointed David Oman as the new Chief Risk Officer (CRO), effective June 10, 2024. Oman will report to President & CEO Rob C. Holmes and join the Operating Committee. He succeeds Tim Storms, who will retire and continue advising until the end of 2024. Oman comes from PricewaterhouseCoopers, where he was a Managing Director in financial risk. His previous roles include senior positions at Bank of New York Mellon, Credit Suisse, Bank of America Merrill Lynch, and UBS. Oman's appointment aims to enhance Texas Capital's risk management practices amid evolving macroeconomic conditions.
Texas Capital Bancshares (NASDAQ: TCBI) announced the appointment of Mark Midkiff to its Board of Directors, effective June 1, 2024. Midkiff, with nearly three decades of experience, recently served as chief risk officer at KeyCorp, overseeing comprehensive risk management. He also held significant roles at BB&T and GE Capital, where he led global risk functions.
Midkiff's appointment is expected to strengthen Texas Capital's risk management and strategic leadership. CEO Rob C. Holmes praised Midkiff's extensive experience and leadership skills.
Texas Capital Bancshares, a member of the Russell 2000 and the S&P MidCap 400, operates Texas Capital Bank, offering commercial, consumer, investment banking, and wealth management services.
Texas Capital Bancshares (NASDAQ: TCBI) has appointed Steve Genyk as Managing Director, Head of Public Finance for its subsidiary Texas Capital Securities (TCS).
Genyk, formerly of UBS Financial Services, will lead TCS's new Public Finance practice, focusing on municipal underwriting services for governments, nonprofits, and institutions in Texas and nationwide.
Rob C. Holmes, Texas Capital's CEO, emphasized the strategic importance of this expansion for enhancing the firm's Corporate & Investment Banking capabilities.
Genyk aims to build a premier full-service financial institution in Texas, leveraging synergies with Texas Capital's existing Government, Nonprofit, and Institutions banking group.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) announced the recipients of the Texas Capital Foundation's second annual Honors Awards, providing grants totaling $250,000 to support four Texas nonprofit organizations. The awards include three grants of $50,000 each corresponding to the community impact pillars of 'Live,' 'Learn,' and 'Lift,' along with a fourth $100,000 STAR Award for organizations supporting military members, families, and veterans. The grants aim to fortify and elevate Texas Capital's commitment to Texas communities, focusing on small to mid-sized organizations operating within the firm's footprint.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) announced the recipients of the Texas Capital Foundation's second annual Honors Awards, granting $250,000 to four Texas nonprofit organizations. The awards support community needs across Texas, with grants of $50,000 each for organizations focusing on
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