Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has entered into an Equity Distribution Agreement with Morgan Stanley & Co. Incorporated. Pursuant to the terms of the agreement, Texas Capital Bancshares may offer to sell shares of it’s common stock, having an aggregate gross sales proceeds of up to $40,000,000. Sales of the shares will be made by brokers transactions, or through the NASDAQ Global Select Market. The shares will be sold at market price at the time of the sale or as otherwise agreed to by the Company and Morgan Stanley. For more information, contact Myrna Vance of Texas Capital Banshares, Inc. at 214.932.6646.
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Texas Capital Bancshares, Inc. (Texas Capital Bancshares), incorporated in November 1996, is a financial holding company. The Company operates through its wholly owned subsidiary, Texas Capital Bank, National Association (the Bank). The Bank provides commercial banking services to its customers in Texas. The Bank offers a variety of loan, deposit account and other financial products and services to customers, and concentrates on middle-market commercial and high-net-worth customers. The Bank offers a variety of loan, deposit account and other financial products and services to its customers.
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