TCBI - Why Shares of Texas Capital Bancshares Are Falling Today
Shares of Texas Capital Bancshares (NASDAQ: TCBI) had fallen roughly 10% as of 11:30 a.m. EDT after the company announced an updated strategic plan.
Texas Capital, a $35 billion asset regional bank based in Dallas, announced a new strategic plan yesterday that will see the bank focus more on technology, bulk up hiring, invest further in treasury solutions, build on its private wealth business, and create a new investment banking division.
In tandem with the announcement, the bank also announced the hiring of Daniel Hoverman to lead the new investment banking division.
For further details see:
Why Shares of Texas Capital Bancshares Are Falling Today