Texas Capital Bancshares, Inc. (NASDAQ: TCBI) shares experienced a notable surge in the preceding trading session, marking a 4.86% upswing to reach $59.93 on the US stock charts. This positive trajectory in Texas Capital’s stock can be attributed to insider trading activity, specifically an acquisition by the Director, Robert W Stallings. Notably, Stallings purchased 5,772 shares of TCBI at a total investment of $107,013, thereby increasing his holdings to 96,706 shares in the company.
Furthermore, Texas Capital received distinguished recognition as Bankrate bestowed upon it the title of Best Regional Bank in their prestigious 2024 award program for consumer financial services. Bankrate’s meticulous assessment process for the best regional bank category involved a thorough analysis of financial institutions boasting fewer than 500 branches in the U.S., with a particular emphasis on their regional impact.
The evaluation criteria encompassed diverse factors, such as the range of products offered, competitive annual percentage yields (APYs), minimum account opening requirements, avoidance of monthly service fees, handling of overdraft charges, the extent of the ATM network, associated fees, and the integration of digital features. Notably, TCBI’s primary deposit accounts, including checking, savings, money market, and CDs, were singled out for commendation by Bankrate.
Earning the title of Best Regional Bank by Bankrate serves as a culmination of three transformative years for Texas Capital. Over this period, TCBI strategically positioned itself as the premier full-service financial services firm headquartered in Texas, with the objective of empowering businesses and individuals to navigate the challenges of the current dynamic landscape.
In addition to financial achievements, Texas Capital has actively contributed to community development. A recent milestone was the grand opening of Cowan Place Senior Living, a project supported by a $750,000 Affordable Housing Program (AHP) subsidy from the Federal Home Loan Bank of Dallas. Texas Capital Bank facilitated the AHP within the Stop Six neighborhood of Fort Worth, Texas.