Texas Capital Bancshares

Summary

Texas Capital Bancshares, Inc. operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking, consumer banking, investment banking, and wealth management services. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as information, wire transfer initiation, ACH initiation, account transfer, and service integration services; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit. The company also provides commercial loans for general corporate purposes comprising financing working capital, internal growth, acquisitions, and business insurance premiums, as well as consumer loans; loans to exploration and production companies; mortgage finance loans; commercial real estate and residential homebuilder finance loans; first and second lien loans for the purpose of purchasing or constructing 1-4 family residential dwellings, as well as home equity revolving lines of credit and loans to purchase lots for future construction of 1-4 family residential dwellings; and real estate loans originated through a small business administration program, as well as equipment finance and leasing services, and letters of credit. In addition, it offers online and mobile banking, and debit and credit card services; escrow services; personal wealth management and trust services; and depositors American Airlines AAdvantage miles. It operates in Austin, Fort Worth, Dallas, Houston, and San Antonio metropolitan areas of Texas. Texas Capital Bancshares, Inc. was incorporated in 1996 and is headquartered in Dallas, Texas.

History

The bank was established on December 18, 1998 by a group of entrepreneurial bankers who were able to raise $80 million in start-up capital, the most for a new financial institution at that time. In 2003, the company completed a successful IPO and now trades on NASDAQ under the ticker symbol TCBI. Since then, Texas Capital Bank has been one of the fastest growing financial institutions in the country and Texas. In 2022, Texas Capital Bank was named by Newsweek Magazine as the most trustworthy bank in America.On September 6, 2022, Truist Financial announced the $3.4 billion purchase of BankDirect Capital Finance from Texas Capital Bancshares.

Mission

Texas Capital Bancshares seeks to provide the highest quality of banking services to our customers: by offering complete banking solutions that enable our customers to achieve success, and by providing superior customer satisfaction.

Vision

Texas Capital Bancshares’ vision is to be the premier banking organization in Texas, offering superior service, profitability and investment opportunities to our customers, employees and shareholders.

References

https://en.wikipedia.org/wiki/Texas_Capital_Bank

https://www.investing.com/equities/texas-capital-ban

https://finance.yahoo.com/quote/TCBI/profile?p=TCBI

https://www.comparably.com/companies/texas-capital-bank/mission

https://www.crunchbase.com/organization/texas-capital-bank

https://sec.report/CIK/0001077428

https://companiesmarketcap.com/

https://www.texascapitalbank.com

Texas Capital Bancshares

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Texas Capital Bancshares

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