Texas Capital Bancshares, Inc. Announces Executive Changes
DALLAS, June 11, 2013 (GLOBE NEWSWIRE) -- CEO George Jones today announced his
planned retirement from Texas Capital Bancshares, Inc. (Nasdaq:TCBI), the
parent company of Texas Capital Bank, at the end of 2013. He also announced
the Board of Directors has promoted Keith Cargill to CEO of Texas Capital Bank
and COO of Texas Capital Bancshares, Inc. effective immediately. An additional
executive action taken by the board was to name Cargill as Jones' successor.
He will be President and CEO of Texas Capital Bancshares upon Jones'
"Keith and I were co-founders of Texas Capital Bank and have been friends and
partners for 35 years," said George Jones, president and CEO of Texas Capital
Bancshares, Inc. "I couldn't be more pleased to have Keith succeed me, and I
have every confidence in his ability to lead and grow this company going
forward. Today's announcements are a natural progression of our well-thought
out succession planning, which has been based on our business philosophy."
The Board's actions are in recognition of the major impact Cargill has had on
the bank's growth and success since its founding in 1998 and to ensure a
smooth transition for Cargill under the continued guidance of Jones.
"Texas Capital Bank has experienced 15 years of consecutive growth under the
leadership of these two very fine men," said Larry Helm, Chairman of Texas
Capital Bancshares, Inc. Board of Directors. "Both George and Keith have grown
this bank during the worst recession through steady stewardship. The board is
pleased with the orderly transition of leadership."
ABOUT TEXAS CAPITAL BANCSHARES, INC.
Texas Capital Bancshares, Inc. (Nasdaq:TCBI), a member of the Russell 2000®
Indexand the S&P SmallCap 600®, is the parent company of Texas Capital Bank,
a commercial bank that delivers highly personalized financial services to
businesses and individual clients. Headquartered in Dallas, the bank has
full-service locations in Austin, Dallas, Fort Worth, Houston and San
Antonio. For more information, please visit www.texascapitalbank.com
CONTACT: Heather Worley, 214.932.6827
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