On August 2, Texas State Bankshares Inc., the holding company for Harlingen-based Texas Regional Bank, completed its acquisition of Dallas-based investment banking group Estrada Hinojosa & Company Inc. Going forward, the acquired company will operate under TRB Capital Markets LLC, a subsidiary of Texas Regional Bank, using the assumed name of Estrada Hinojosa. This acquisition will add more than 50 associates to the Texas Regional Bank team, with offices in Dallas, Houston, San Antonio, Austin, Edinburg, Miami, Chicago, Denver and New York City.
Estrada Hinojosa is an industry leader in public finance, offering municipal advisory services, bond underwriting and bond trading. Since its inception in 1992, the firm has completed more than 2,600 municipal advisory transactions with a total par value exceeding $207 billion and more than 4,900 underwriting transactions with a total par value above $486 billion. Noe Hinojosa Jr. will serve as president of TRB Capital Markets and a member of the Texas Regional Bank board of directors.
“The addition of the Estrada Hinojosa team provides a new business vertical in TRB Divisions that aligns with our strategic vision of becoming a full-service financial institution,” says John Tippit IV, president of TRB Divisions. “We are excited to provide the Estrada Hinojosa team with capital and resources to expand their already robust position as a boutique investment bank in public finance. Under Noe Hinojosa’s leadership, we will continue the legacy as a best-in-class municipal advisor while gaining market share in municipal underwriting.”
Established in 2010, Texas Regional Bank operates more than 30 banking centers across the Rio Grande Valley, Texas Hill Country, Houston and Dallas/Fort Worth metroplex.
Pictured above: Michael Scaief, Texas Regional Bank chairman and CEO; Noe Hinojosa Jr., president of TRB Capital Markets; and John Tippit, president of TRB Divisions.
