NASDAQ, TCBI - Texas Capital Bncsh
We were organized in March 1998 to serve as the holding company for an
independent bank managed by Texans and oriented to the needs of the Texas
marketplace. We decided that the most efficient method of building an
independent bank was to acquire an existing bank and substantially increase the
equity capitalization of the Bank through private equity financing. The
acquisition of an existing bank was attractive because it would enable us to
avoid the substantial delay involved in chartering a new national or state bank.
Our predecessor bank, Resource Bank, N.A., headquartered in Dallas, Texas, had
completed the chartering process and commenced operations in October 1997. We
acquired Resource Bank in December 1998.
We also concluded that substantial equity capital was needed to enable us to
compete effectively with the subsidiary banks of nationwide banking
conglomerates that operate in the Texas market. ...
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