TEXAS CAPITAL BANCSHARES BECOMES FIRST TEXAS-BASED COMPANY TO
BEGIN TRADING IN 2003
August 13, 2003
Contact:
Tricia Linderman, 214.932.6798
tricia.linderman@texascapitalbank.com
Dallas, Texas - Texas Capital Bancshares, Inc., the parent company of Texas
Capital Bank, announced that its initial public offering of common stock has
been priced at $11 per share. The shares will begin trading today on the Nasdaq
Stock MarketTM under the symbol "TCBI."
Three million shares of the offering are primary shares being sold by the
company and three million shares are being sold by certain existing
stockholders. The company and certain selling stockholders have granted the
underwriters an option to purchase an additional 900,000 shares at the initial
offering price to cover over-allotments.
Lehman Brothers acted as the lead underwriter with U.S. Bancorp Piper Jaffray,
SunTrust Robinson Humphrey, and Sandler O'Neill & Partners, L.P. acting as
co-managers.
About Texas Capital Bancshares
Texas Capital Bancshares, Inc. (Nasdaq: TCBI) is a bank holding company
whose principal subsidiary is Texas Capital Bank, N.A., headquartered in
Dallas, TX. Texas Capital Bank is a commercial bank that delivers highly
personalized financial services to Texas-based businesses, their owners and
executives. The bank has full-service locations in Austin, Dallas, Fort Worth,
Plano, and San Antonio. Visit us at www.texascapitalbank.com or
www.texascapitalbancshares.com.
Prospectuses related to this offering may be obtained from Lehman Brothers Inc.,
c/o ADP Financial Services, Integrated Distribution Services, 1155 Long Island
Avenue, Edgewood, NY 11717 or by telephone at 631-254-7106.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws of
any such jurisdiction.