Texas Capital Bank
A Texas-based commercial bank serving businesses, institutions, professionals and consumers through full-service banking and digital deposit offerings.
Last updated August 22, 2026
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Overview
Texas Capital Bank is a commercial bank headquartered in Dallas, Texas, and the principal banking brand of Texas Capital Bancshares. Established on December 18, 1998, the bank was created by a group of entrepreneurial bankers led by Jody Grant. Its founders raised $80 million in start-up capital, an unusually large amount for a newly formed financial institution at the time. The bank initially developed around commercial banking and business lending, building a presence in the major metropolitan areas of Texas rather than pursuing a nationwide branch network. The bank serves customers through full-service locations in Austin, Dallas, Fort Worth, Houston and San Antonio, as well as through digital and specialized channels. Its business banking activities include commercial deposits, treasury management, corporate-purpose lending and other forms of financing. It also offers consumer deposit products, wealth management and trust services. The institution’s operating model therefore combines a regional commercial-bank franchise with selected capabilities aimed at corporate clients, executives, entrepreneurs and affluent individuals. Texas Capital Bancshares completed an initial public offering in 2003, giving the bank a publicly traded parent company and supporting further expansion. Over time, the group added businesses beyond conventional commercial lending. Bask Bank, an online-only banking division launched in early 2020, focuses on digital savings products and has promoted benefits associated with frequent airline travel. The group also operated BankDirect Capital Finance, a premium-financing business founded in 2005, before agreeing in 2022 to sell it to Truist Financial as part of a plan to concentrate on core banking and strengthen capital. The bank experienced a strategic and leadership transition after a proposed 2020 combination with Independent Bank Group of McKinney, Texas, failed to proceed and the chief executive departed. Under new leadership in late 2021, Texas Capital announced an intention to move beyond a primarily loan-growth-oriented commercial-bank model and develop into a broader full-service financial institution over a five-year period. The strategy included establishing a new investment banking division and expanding the range of financial services offered to commercial and institutional clients. The institution has also attracted attention because of its relationship to the 2020–2021 Archegos Capital Management episode. Archegos accumulated a large economic position linked to Texas Capital Bancshares, while the bank was raising capital in early 2021. The subsequent collapse of Archegos became a major controversy for the company and its market, although the available reference material does not establish that Texas Capital Bank committed wrongdoing. The episode illustrates the risks faced by publicly traded financial institutions when concentrated investment positions and prime-brokerage arrangements affect their share price and ownership profile. Texas Capital Bank has continued to operate as a Texas-centered financial institution while maintaining selected national capabilities, including an executive office in New York and digital banking through Bask Bank. In 2022, its Dallas headquarters lease was expanded and the building at 2000 McKinney Avenue was renamed Texas Capital Center. The organization also maintains a philanthropic arm, the Texas Capital Bank Foundation. As described in the reference material, the bank held approximately $28.4 billion in assets and employed about 2,200 people as of March 2023; those figures are time-specific and should not be treated as current without an updated source.
History
Texas Capital Bank was established on December 18, 1998, by a group of entrepreneurial bankers seeking to create a substantial Texas-based commercial bank. The founders raised $80 million in start-up capital, described in the reference material as the largest amount raised for a new financial institution at that time. Jody Grant was among the bank's founding figures and later became associated with its leadership. The institution built its franchise around commercial banking, business deposits and lending relationships in the major metropolitan areas of Texas. Rather than presenting itself as a nationwide consumer branch bank, it concentrated on Austin, Dallas, Fort Worth, Houston and San Antonio. Its activities expanded to include treasury management, corporate financing, consumer deposits, wealth management and trust services. The parent organization, Texas Capital Bancshares, completed an initial public offering in 2003. A major channel expansion came in early 2020 with the launch of Bask Bank, an online-only banking division. Bask allowed the group to participate in digital deposits without relying exclusively on its physical Texas branch network and developed a proposition connected to airline-travel rewards. The same year, Texas Capital's proposed merger with Independent Bank Group of McKinney, Texas, failed to close. The breakdown was followed by the departure of the chief executive, creating a leadership and strategic reset. In late 2021, new management articulated a five-year ambition to evolve from a bank primarily associated with commercial loan growth into a more complete financial institution. The plan included a new investment banking division and a broader set of services for businesses, institutions and wealth-management clients. This represented a shift from a relatively focused regional-bank model toward a platform intended to capture more fee-generating and advisory activity alongside traditional lending. The group also reassessed its portfolio of businesses. On September 6, 2022, Texas Capital Bancshares announced an agreement to sell BankDirect Capital Finance, a premium-financing company founded in 2005, to Truist Financial. The disposal was described as part of the strategic transition: it removed a non-core operation and supported higher capital levels while the bank pursued its broader financial-services plan. Texas Capital Bank's history also includes scrutiny connected to Archegos Capital Management. During late 2020 and early 2021, Archegos accumulated an economic position representing more than 20 percent of Texas Capital Bancshares at its peak, while the bank's share price rose sharply. Texas Capital subsequently issued 12 million new shares for $300 million, with Morgan Stanley participating in the offering while also serving Archegos in a prime-brokerage capacity. After Archegos collapsed, its executives faced fraud charges. The episode became a significant controversy around the bank's shareholder concentration and capital raising, but the available reference does not establish a finding of misconduct by Texas Capital Bank. The organization continued investing in its Dallas base. In October 2022, it expanded its lease at 2000 McKinney Avenue in Uptown Dallas, with the building renamed Texas Capital Center. The bank also operates the Texas Capital Bank Foundation for nonprofit activity. As of March 2023, the reference material described approximately $28.4 billion in assets and roughly 2,200 employees, although those figures require a newer filing or company source for present-day use.
- 2022
BankDirect Capital Finance sale announced
[1]Texas Capital Bancshares agreed to sell the premium-financing subsidiary to Truist Financial as part of its strategic refocusing.
- 2022
Dallas headquarters expands
[1]The bank expanded its lease at 2000 McKinney Avenue, which was renamed Texas Capital Center.
- 2021
Broader financial-services strategy announced
[1]New leadership began repositioning the company toward a full-service model and launched an investment banking division.
- 2020
Bask Bank launched
[1]Texas Capital introduced its online-only banking division, Bask Bank.
- 2020
Independent Bank Group merger proposal collapses
[1]A proposed combination with Independent Bank Group did not proceed, followed by a chief executive transition.
- 2005
BankDirect Capital Finance founded
[1]The premium-financing business later owned by Texas Capital Bancshares was established.
- 2003
Parent company completes initial public offering
[1]Texas Capital Bancshares completed an IPO, placing the bank within a publicly traded holding-company structure.
- 1998
Bank established
[1]Texas Capital Bank was founded on December 18 by entrepreneurial bankers who raised $80 million in initial capital.
Products and positioning
A Texas-focused commercial bank that combines relationship banking for businesses and institutions with broader financial-services capabilities, digital deposits and specialized banking divisions.
Business banking · 1998
Commercial banking
Texas Capital Bank's core franchise serves companies and institutions through business deposit accounts, relationship banking, commercial credit and corporate-purpose financing. The offering is centered on Texas metropolitan markets and is designed for operating companies, entrepreneurs and other commercial clients that need both lending and banking infrastructure.
Cash management
Treasury management
Treasury management services support commercial customers with the movement, control and administration of business funds. The reference material identifies treasury services as part of the bank's business offering, although it does not enumerate individual tools or features.
Commercial lending · 1998
Commercial loans and financing
The bank provides commercial loans and financing for corporate purposes. Lending has historically been an important part of its regional-bank model, while the post-2021 strategy sought to balance loan activities with investment banking, advisory and other financial-services capabilities.
Digital banking · 2020
Bask Bank
Bask Bank is Texas Capital's online-only banking division, launched in early 2020. It provides digital deposit products and has positioned customer benefits around frequent airline travelers. It extends the group beyond its physical Texas branch network.
Wealth management
Wealth management and trust services
Texas Capital Bank offers personal wealth management and trust services in addition to business banking. These capabilities broaden the relationship with affluent individuals, executives, families and business owners, although the supplied material does not provide a detailed product catalogue.
Controversies
2021
Archegos Capital Management position and share offering controversy
Archegos accumulated an economic position exceeding 20 percent of Texas Capital Bancshares at its peak, coinciding with a sharp rise in the share price. Texas Capital later issued 12 million shares for $300 million, with Morgan Stanley involved in both the offering and Archegos's prime-brokerage arrangements. After Archegos collapsed and its executives were charged with fraud, the bank's ownership concentration and capital raising drew scrutiny. The supplied reference does not establish that Texas Capital Bank itself was found to have committed wrongdoing.
Brand decisions
2022
Sell BankDirect Capital Finance to TruistM&ABackground
Texas Capital Bancshares was reassessing businesses that were outside its core banking strategy during a period of strategic transition.
Action taken
The group agreed to sell BankDirect Capital Finance, a premium-financing company founded in 2005, to Truist Financial.
Aftermath
The transaction removed a non-core business and was described as supporting stronger capital levels.
Reported transaction value. US$3.4 billion (Announced September 6, 2022)
2021
Shift toward a full-service financial institutionStrategyBackground
Following the failed merger and leadership transition, the bank sought to reduce dependence on loan-oriented commercial banking growth.
Action taken
New leadership adopted a five-year plan to broaden the institution's financial-services capabilities and launched an investment banking division.
Aftermath
The strategy positioned Texas Capital as a broader corporate and financial-services platform rather than solely a regional commercial lender.
2020
Pursue a combination with Independent Bank GroupM&ABackground
Texas Capital explored a merger with Independent Bank Group, another Texas-based banking company headquartered in McKinney.
Action taken
The proposed combination ultimately collapsed, and the chief executive subsequently stepped down.
Aftermath
The failed transaction preceded a leadership change and a later strategic repositioning under new management.
2020
Launch Bask BankProduct launchBackground
The group sought to add a digital-only banking channel alongside its Texas branch network.
Action taken
Texas Capital launched Bask Bank as an online-only banking division.
Aftermath
Bask became the group's digital deposit platform, with a proposition linked to frequent airline travel.
Recent events
Texas Capital CEO Keith Cargill steps down[2]
Reported:
Texas Capital Bancshares announced that Keith Cargill was leaving his post as CEO of Texas Capital Bank and Texas Capital Bancshares. He would remain vice chair through the end of 2020 to assist with the leadership transition.
Sources2 sources
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