Texas Capital Bancshares, Inc. Appoints New Chief Financial Officer

DALLAS, December 09, 2021 (GLOBE NEWSWIRE) – Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank (“the Bank”), today announced that Matt Scurlock, Executive Vice President , Corporate Treasurer, will move to the position of Executive Vice President, Chief Financial Officer, as of January 1, 2022.

Mr. Scurlock will replace Julie Anderson as Chief Financial Officer of Texas Capital Bank and Texas Capital Bancshares, Inc. Ms. Anderson has worked for the Bank for 22 years, having held the positions of Controller, Chief Accounting Officer and, most recently, Chief Financial Officer. Officer. During her tenure, she was an important figure in the evolution of the organization and will remain in an advisory capacity to support the transition until March 31, 2022.

During his career, Mr. Scurlock has held leadership positions in corporate finance, risk and treasury. Prior to Texas Capital Bank, he worked for Deloitte & Touche LLP, where he provided strategic advice to financial services clients, and for Zions Bancorporation, where he was head of its Corporate Finance group. Mr. Scurlock led the implementation of key initiatives and oversaw the Bank’s budget and investments to promote growth. Since the arrival of President and CEO Rob C. Holmes, Mr. Scurlock has been deeply involved in the development and execution of the company’s strategic plan.

“Julie has been a very important member of Texas Capital Bank since 1999 and we thank her for her years of service,” said Mr. Holmes. “As Matt assumes the role of CFO, I have no doubts that he will continue to be an exceptional leader who upholds the values ​​necessary to optimize our financial performance and deliver results to our investors with renewed vigor as we grow. and continue to transform. . “

As Chief Financial Officer, Mr. Scurlock will become a permanent member of the Bank’s Operating Committee and will be responsible for all accounting and financial reporting functions, as well as financial planning and analysis. , capital planning and fund management. He will oversee the Bank’s finance, accounting, investor relations and strategic sourcing departments, and will report directly to Mr. Holmes. In addition, Mr. Scurlock will serve on the board of directors of the Texas Capital Community Development Corporation (“TCCDC”), a wholly owned subsidiary of the Bank, whose purpose is to lend and invest in the economic development of communities. underserved.

“Since Rob’s arrival, I have had the privilege of working closely with him and the Operating Committee to help develop the Bank’s vision, goals and strategy,” said Mr. Scurlock. “I am delighted to serve our organization and our investors in this new capacity and look forward to partnering with the leadership team to deliver on our company-wide commitments. “

About Matt Scurlock
Mr. Scurlock joined Texas Capital Bank in 2013. He led the development of the Bank’s Capital Analysis and Stress Testing group and served as Chief Financial Officer and Executive Vice President, Corporate Treasurer. In his most recent role, Mr. Scurlock was responsible for managing the Bank’s corporate finance, investor relations, corporate treasury and corporate strategy initiatives.

Prior to joining Texas Capital Bank, Mr. Scurlock worked for Deloitte & Touche LLP, where he provided strategic advice to financial services clients. Previously, he served as Group Vice President Corporate Finance for Zions Bancorporation, leading the financial modeling and balance sheet management efforts. He has held leadership positions in corporate finance, risk, treasury and strategy for over fifteen years.

Mr. Scurlock holds a Bachelor of Business Administration from Texas Tech University and an MBA from the University of Utah. He currently serves on the Advisory Board of Rawls College of Business at Texas Tech University and on the Board of Directors of the YMCA of Metropolitan Dallas.

About Texas Capital Bank
Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), Russell 2000 member® Index and S&P MidCap 400®, is the parent company of Texas Capital Bank, a commercial bank that provides highly personalized financial services to businesses and entrepreneurs. We are headquartered in Dallas, Texas, and work with clients across the country. For more information, please visit www.texascapitalbank.com. FDIC member.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8d15a571-d857-4d7e-ad6d-2516ba85ead3

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