Texas Capital Bancshares, Inc. Announces Executive Leadership Change

C. Keith Cargill Steps Down as President and Chief Executive Officer 

Larry L. Helm to Serve as Executive Chair, CEO and President Until a Permanent Successor Is Named

DALLAS, May 26, 2020 (GLOBE NEWSWIRE) -- Texas Capital Bank, N.A., and its parent company Texas Capital Bancshares, Inc. (NASDAQ: TCBI), collectively referred to herein as “Texas Capital,” today announced that C. Keith Cargill has stepped down as President and Chief Executive Officer and a member of the Board of Directors of both companies, effective immediately. Larry L. Helm, who has served as Chairman of the Texas Capital Bancshares Board since 2012, will serve as Executive Chair, CEO and President of both companies until a permanent successor has been named. Mr. Cargill will serve as Vice Chairman of both companies through the end of 2020 to help support a smooth transition. In addition, James H. Browning, an independent director and member of the Texas Capital Bancshares Board since 2009, has been appointed Lead Director.

Texas Capital Bancshares’ Board intends to conduct a search process to identify a permanent CEO and continues to be engaged with Egon Zehnder, a leading executive search firm, as part of the Board’s robust and ongoing succession planning process.

Mr. Helm has served as a director of the Texas Capital Bancshares Board since 2006, contributing significant operational and financial expertise. He has extensive knowledge of Texas Capital’s strategy, operations and culture having worked closely with the Texas Capital management team. During his tenure, Mr. Helm has provided important oversight and counsel to support Texas Capital in driving shareholder value and growth as well as navigating challenging market environments. He brings more than 30 years of commercial banking experience, including management positions at Bank One Corporation, most notably as CEO Dallas Region and CEO U.S. Middle Market Banking. In addition, he brings substantial executive-level experience with publicly-traded companies, including Halcón Resources Corporation and Petrohawk Energy Corporation.

Elysia Ragusa, Chair of the Texas Capital Bancshares Governance and Nominating Committee, said, “As part of our focus on succession planning, the Board believes that it is the right time for a transition in leadership as the Company executes a strategy to achieve enhanced operational focus and profitable, long-term value creation. We are fortunate to have someone of Larry’s caliber and experience ready to assume the role of Executive Chair, CEO and President at this important juncture for the Company. Larry has worked closely with the entire management team over the last 14 years, gaining a deep understanding of the Company’s unique opportunities. We are confident that he is the right person to lead Texas Capital Bank until we have identified a permanent successor for the CEO role.”