ARCHIVED NEWS

TCBI ANNOUNCES COMMON STOCK OFFERING

Published on Nov 28, 2016
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) announced today an underwritten public offering of 3.0 million shares of common stock to the public.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) announced today an underwritten public offering of 3.0 million shares of common stock to the public. The Company expects to close the sale of the shares of common stock on December 2, 2016, subject to customary closing conditions. The underwriters will have a 30-day option to purchase up to an additional 450,000 shares of common stock from the Company.

The underwriters may offer the shares of common stock from time to time for sale in one or more transactions on the Nasdaq Global Select Market, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. On November 25, 2016, the last reported sale price of the Company’s common stock was $75.50 per share.

BofA Merrill Lynch, J.P. Morgan and Morgan Stanley are serving as Joint Bookrunning Managers for this offering.

The Company has filed a registration statement (including a base prospectus) with the SEC for the common stock offering. Copies of the prospectus supplement and the accompanying base prospectus for the offering, when available, may be obtained from BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attention: Prospectus Department, or e-mail: dg.prospectus_requests@baml.com, J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attention: Prospectus Department, or by calling 1.866.803.9204, or Morgan Stanley, Attention Prospectus Department, 180 Varick Street, Second Floor, New York, NY 10014.

This news release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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