Texas Capital Bank
| Company type | Public |
|---|---|
| Industry | Banking, Financial services |
| Founded | December 18, 1998 |
| Headquarters | Dallas , United States |
Area served | Texas metropolitan areas including Austin, Dallas, Fort Worth, Houston, San Antonio; executive office in New York City |
| Products | Business deposit accounts, treasury management solutions, commercial lending, corporate financing, personal wealth management, trust services, digital banking (Bask Bank) |
| Owner | Texas Capital Bancshares (parent company) |
Number of employees | 2200 (2023) |
| Parent | Texas Capital Bancshares |
| Website | www |
Texas Capital Bank is headquartered in Dallas and maintains branches throughout several prominent Texas metropolitan areas. Its parent organization, Texas Capital Bancshares, also runs an exclusively digital division known as Bask Bank.
History
Established on December 18, 1998, by a group of entrepreneurial bankers who secured $80 million in initial funding—the largest capital raise for a new financial institution at that time—Texas Capital Bancshares went public in 2003. The digital subsidiary Bask Bank was introduced in early 2020.
A planned merger in 2020 with Independent Bank Group did not materialize, which coincided with a leadership transition at the CEO level. By late 2021, the incoming CEO redirected the company’s focus from primarily loan-driven expansion to operating as a comprehensive financial services provider, which included launching an investment banking arm.
On September 6, 2022, Texas Capital Bancshares declared the divestiture of its premium financing business, BankDirect Capital Finance (established in 2005), selling it to Truist Financial for $3.4 billion. This move supported the company’s strategic emphasis on its main operations and enhanced capital resources during its restructuring phase.
In March 2022, Newsweek recognized Texas Capital Bank as the most reliable bank in the United States based on a survey involving 50,000 American consumers. Subsequently, in October 2022, the bank extended its lease for headquarters space at 2000 McKinney Avenue in Uptown Dallas and rebranded the facility as Texas Capital Center. The firm also secured investments from hedge funds toward the end of 2022.
Services
Texas Capital Bank offers comprehensive branch services across critical Texas cities such as Austin, Dallas, Fort Worth, Houston, and San Antonio, with an executive office located in New York City. As of March 2023, the institution oversaw $28.4 billion in assets and employed roughly 2,200 individuals.
Its suite of products encompasses business deposit accounts, treasury management solutions, commercial lending options, corporate financing services, and personal wealth management including trust offerings. The bank operates Bask Bank as a purely digital platform catering to frequent flyers by providing distinctive rewards. Furthermore, Texas Capital Bank supports philanthropic efforts through its nonprofit entity, the Texas Capital Bank Foundation.
Controversy
Toward the end of 2020, shares of Texas Capital Bank experienced a 93% increase, influenced by a substantial ownership stake held by Archegos Capital Management—led by Bill Hwang—which at one point represented over 20% of total equity. During this timeframe, founder Jody Grant maintained favorable communications with Archegos.
In early 2021, Texas Capital raised $300 million via a preferred stock issuance managed by Morgan Stanley—also serving as prime broker to Archegos. The company’s market value briefly escalated to $4.5 billion before Archegos collapsed amid fraud allegations against its leadership.