Third Coast Bank SSB Coming Soon to Fort Worth

Rhea-AI Summary

Third Coast Bank SSB is expanding with a new branch in Fort Worth, Texas, aimed at enhancing commercial and corporate lending in the area. Currently operating in Dallas and Plano, the bank emphasizes its commitment to the local community. Notably, Third Coast Bank has launched an initial public offering of 3,500,000 shares, now trading under the symbol 'TCBX' on NASDAQ. As of December 31, 2021, the bank reported over $2 billion in assets, serving major metropolitan areas across Texas.

Positive

• Expansion into Fort Worth, enhancing market presence.
• Initial public offering of 3,500,000 shares, increasing capital access.
• Strong asset base exceeding $2 billion as of December 31, 2021.

Negative

• None.

FORT WORTH, Texas--(BUSINESS WIRE)-- Third Coast Bank SSB is proud to announce a new location coming soon to Fort Worth, Texas. The branch will be located in the popular Museum district near several shops and restaurants. The bank currently has locations in the Dallas and Plano markets and is thrilled to add Fort Worth to that footprint.

“We feel Third Coast Bank will be a great fit for the Cowtown area and we’ll be able to offer commercial and corporate lending solutions for the business community and surrounding areas,” said Bart Caraway, President and CEO. “Our staff has a passion for this community, and we look forward to participating in all the charitable and other not-for-profits that make Fort Worth so special and a great place to live,” added Mr. Caraway.

The bank recently announced their initial public offering of 3,500,000 shares of stock and is already trading on NASDAQ under the trading symbol “TCBX.” In addition, Third Coast Bank successfully participated in both phases of the Paycheck Protection Program which funded small businesses in our other markets located here in Texas.

Third Coast Bank SSB is a commercially focused, Texas-based bank operating primarily in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets. Founded in 2008 in Humble, Texas, Third Coast Bank SSB conducts banking operations through 12 branches and one loan production office encompassing the four largest metropolitan areas in Texas. As of December 31, 2021, the bank exceeds over $2 billion in assets.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220201005032/en/

Jenny Moss

SVP Director of Marketing

Email: jmoss@tcbssb.com

Phone: 713-485-8322

Source: Third Coast Bank SSB

FAQ

What is the significance of Third Coast Bank's new branch in Fort Worth?

The new branch enhances Third Coast Bank's presence in the Texas market, allowing for increased commercial and corporate lending opportunities.

What is the stock symbol for Third Coast Bank?

Third Coast Bank trades under the stock symbol 'TCBX' on NASDAQ.

How many shares were offered in Third Coast Bank's IPO?

Third Coast Bank launched an initial public offering of 3,500,000 shares.

What assets does Third Coast Bank have as of 2021?

As of December 31, 2021, Third Coast Bank reported over $2 billion in assets.