DALLAS, June 16, 2022 (GLOBE NEWSWIRE) — Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank (“the Bank”), today announced that it will relocate and unite its subsidiaries from Richardson, Texas offices and banking center to a new campus by Q4 2023.
Texas Capital Bank has signed a 15-year lease with Blue Cross and Blue Shield of Texas (BCBSTX) and will occupy four floors in one of its Texas headquarters buildings located on its campus at 1001 East Lookout Drive in Richardson. In line with the Bank’s overall strategy, the decision to relocate and consolidate its real estate portfolio reflects its commitment to serve the best clients by being present in key market locations.
“Relocating our offices from Richardson to a unified campus allows us to efficiently and effectively develop the talents and resources of our Technology and Operations departments, which are critical to executing our strategy as we remain committed to building the services comprehensive financial company headquartered in Texas,” said John Cummings, executive vice president, chief administrative officer of Texas Capital Bank. “As we aim to be the employer of choice for those interested in developing their careers in financial services and technology, this workspace allows us to provide premium accommodations for our hardworking and talented teams. We are very excited to make this our North Dallas campus and truly appreciate the partnership between Blue Cross and Blue Shield of Texas.
New location provides Texas Capital Bank with the capacity and upgrades needed for its technology and operations teams to work comfortably and collaboratively as departments continue to grow and meet the changing needs of the Bank’s customers .
“We are delighted to welcome Texas Capital Bank as a long-term tenant of our Richardson office,” said James “Jim” Springfield, president of BCBSTX. “This agreement is intended to optimize our resources and be an integral part of the growing business community in Richardson and across the state. Like us, Texas Capital Bank is committed to being a good community partner and we are happy to have its employees become our new neighbors.
The 1.05 million square foot BCBSTX campus, located southeast of the Central Expressway and President George Bush Turnpike, opened in 2010 and includes two buildings, multi-story parking and a host of amenities, including an on-site cafeteria, a conference center equipped with 15 meeting rooms, an auditorium that can accommodate 300 people and a full fitness center including a private dance studio and locker rooms. Texas Capital Bank has begun designing and programming its North Dallas campus to meet the future needs of its employees and customers.
“Providing premium office space for our growing employee population is of the utmost importance to Texas Capital Bank, and our new real estate footprint in Richardson will enhance the employee and customer experience” , said Catherine Zalatoris, director of Texas Capital Bank. Vice-president, responsible for corporate real estate. “Our primary goal is to create solutions for the immediate and long-term corporate real estate needs of our teams, and we are proud to work side-by-side with Blue Cross and Blue Shield of Texas in this process.”
About Texas Capital Bank
Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank, a full-service financial services company that provides customized solutions to businesses, entrepreneurs and individuals. Founded in 1998, the institution is based in Dallas with offices in Austin, Houston, San Antonio and Fort Worth, and has built a network of clients across the country. Capable of serving its customers throughout their life cycle, Texas Capital Bank has established commercial banking, consumer banking, investment banking and wealth management capabilities. For more information, please visit www.texascapitalbank.com. FDIC member.
About Texas Blue Cross and Blue Shield
Blue Cross and Blue Shield of Texas (BCBSTX) – the only statewide customer-owned health insurer in Texas – is the state’s largest health benefits provider, working with nearly 80,000 physicians and health care practitioners and 500 hospitals to serve over 6 million members in all 254 counties. BCBSTX is a division of Health Care Service Corporation (HCSC) (which administers Blue Cross and Blue Shield plans in Texas, Illinois, Montana, Oklahoma and New Mexico), the largest customer-owned health insurer from the country. Health Care Service Corporation is a mutual legal reserve company and an independent licensee of the Blue Cross and Blue Shield Association.