Texas Capital CEO Rob Holmes Appointed Chairman

DALLAS, Jan. 23, 2025 (GLOBE NEWSWIRE) — Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital, today announced that its Board of Directors (the Board) unanimously elected Rob C. Holmes, Texas Capital’s President & Chief Executive Officer and existing Board Director, to also serve as Chairman of the Board immediately following the 2025 Annual Meeting of Stockholders.

“The decision to entrust Chairman of the Board responsibilities to Rob is a validation of the success of the multi-year transformation he has led for Texas Capital,” said Bob Stallings, Texas Capital’s outgoing Chairman of the Board who will assume the role of Lead Independent Director. “Rob and his team continue to deliver on every aspect of the strategic plan he communicated in 2021, and I am proud to say that Texas Capital is well-positioned for strong future growth.”

“I am honored by the trust the Board of Directors has placed not just in me, but in the incredible team we have built. We committed to build the premier full-service financial services firm headquartered in Texas, serving the very best clients across all business cycles, and I am gratified by what we have achieved to date and am excited about what we will do next,” Holmes said. “The dedication of our employees who execute our strategy every single day are the unquestioned driving force behind the continued success of the firm.”

Stallings, who has served as Texas Capital’s Chairman of the Board since April 2023 and as a Director since August 2001, will receive a one-year waiver from the Board of its retirement policy to permit him to stand for reelection to the Board at the 2025 Annual Meeting. This decision was made in recognition of Stallings’ valuable contributions to Texas Capital as it continues to execute on its multi-year transformation and to facilitate a smooth transition of his responsibilities to Holmes.

“The Board’s actions reflect its deep confidence in Rob’s transformational leadership and strategic vision for Texas Capital,” added Stallings. “This new governance structure provides an effective consolidation of leadership under Rob, along with a balance of oversight by independent directors.”

Texas Capital also announced its operating results for the fourth quarter and full-year 2024 today.

Commenting on Texas Capital’s performance, Holmes observed, “We are poised to deliver in 2025 off the momentum built since 2021, with the successful execution of significant strategic milestones and the realization of client adoption trends. We achieved these financial milestones while maintaining industry-leading capital and liquidity, a proven competitive advantage, through market and rate cycles.”

Holmes concluded, “I would also like to thank Bob for his service as Chairman, his stewardship as a Director over the last 24 years and his mentorship to me over the last four years. His insight and guidance have been invaluable, and I am very pleased and grateful that Bob will remain on the Board and serve as Texas Capital’s first Lead Independent Director while we continue to drive execution through 2025.”

About Texas Capital Bancshares, Inc.

Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank (“TCB”). Texas Capital is the collective brand name for TCB and its separate, non-bank affiliates and wholly owned subsidiaries. Texas Capital is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking, consumer banking, investment banking and wealth management capabilities. All services are subject to applicable laws, regulations, and service terms. Deposit and lending products and services are offered by TCB. For deposit products, member FDIC. For more information, please visit www.texascapital.com.