Texas Capital Bancshares Inc., the parent company of Dallas-based Texas Capital Bank, recently announced the launch of Texas Capital Securities, its affiliated broker dealer. Texas Capital Securities is a member of Financial Industry Regulatory Authority and Securities Investment Protection Corp. and is registered with the U.S. Securities and Exchange Commission, Texas State Securities Board and other state securities regulators.
Texas Capital Securities provides Texas Capital Bank the ability to provide its established corporate, real estate and mortgage finance client base with mergers and acquisitions advisory, capital raising, securities underwriting, sales and trading, and hedging services, which in turn will drive the ability to generate fee-based revenue and earnings. Holmes announced the bank’s plans to form an investment banking division during a strategic update call on September 1, 2021.
“With the launch of Texas Capital Securities, we are now able to serve our clients through the entirety of their lifecycles,” says Rob Holmes, president and CEO of Texas Capital Bank. “Texas Capital Securities enables a suite of investment banking products, offerings and solutions that will complement and enhance our robust banking, treasury and private wealth capabilities. We are focused on building deep client relationships with the best companies, and today’s announcement represents an important step in realizing our strategy to create the flagship financial services firm based in Texas.”
“Obtaining necessary regulatory approvals was a prerequisite for our investment banking strategy. With these in hand, Texas Capital Securities can now offer our clients mergers and acquisitions advisory and capital markets solutions, including underwriting, private placements, and related activities,” says Daniel Hoverman, managing partner and president of Texas Capital Securities. “Through 2022, we expect to announce additional products and services as we build our corporate and mortgage sales and trading businesses.”
Established in 1998, Texas Capital Bank operates 10 banking offices in the Austin, Dallas/Fort Worth, Houston and San Antonio markets.
