Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, today announced the launch of Texas Capital Securities, its affiliated broker dealer.
Texas Capital Securities is a member of Financial Industry Regulatory Authority (FINRA) and Securities Investment Protection Corporation (SIPC) and is registered with the U.S. Securities and Exchange Commission (SEC), the Texas State Securities Board and other state securities regulators.
“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, in a statement. “As outlined in our strategic update, 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.”
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 Texas Capital Bank's plans to form an Investment Banking division during a strategic update call on September 1, 2021.
“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. Through 2022, we expect to announce additional products and services as we build our corporate and mortgage sales and trading businesses,” says Daniel Hoverman, managing partner and president of Texas Capital Securities. “We look forward to delivering insightful financial advice and capital markets access, and we are excited by the opportunity to enable our clients’ success.”