Capital Bank

Texas Capital and FHLB Dallas Celebrate the Opening of Senior Living Apartment Homes Helped by $750K in Funding

Retrieved on: 
Friday, November 17, 2023
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Banking, Capital Bank, Recreation, FHLB, Multimedia, Investment, AHP, Federal Home Loan Banks, Texas Capital Bank, Health, Rehabilitation, Housing, Mitchell–Lama Housing Program, COVID, CRA, Interior design

Local real estate developers, community partners and residents celebrated the grand opening of Cowan Place Senior Living (Cowan Place).

Key Points: 
  • Local real estate developers, community partners and residents celebrated the grand opening of Cowan Place Senior Living (Cowan Place).
  • It was built with the assistance of a $750,000 Affordable Housing Program (AHP) subsidy provided by the Federal Home Loan Bank of Dallas (FHLB Dallas) through one of its members, Texas Capital Bank (Texas Capital) in the Stop Six neighborhood of Fort Worth, Texas.
  • View the full release here: https://www.businesswire.com/news/home/20231117702197/en/
    Alex Fitzgerald and Melanie Dill of FHLB Dallas, Worley Barker and Michelle George of Texas Capital Bank and Mary-Margaret Lemons of Fort Worth Housing Solutions celebrate the opening of Cowan Place Senior Living in Fort Worth, Texas.
  • “We could not have finished this project without the money provided by the Federal Home Loan Bank of Dallas and Texas Capital as a partner.

AM Best Removes From Under Review with Negative Implications and Affirms Credit Ratings of Mercantil Seguros y Reaseguros, S.A.

Retrieved on: 
Thursday, November 9, 2023
Professional Services, Insurance, Finance, Return on equity, Capital Bank, Pressure, Acquisition, Mercantil Servicios Financieros, Risk management, Credit, AM Best, Health, Good, News, ALL, Security (finance), S.A

AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Mercantil Seguros y Reaseguros, S.A. (Mercantil Seguros) (domiciled in Panama).

Key Points: 
  • AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Mercantil Seguros y Reaseguros, S.A. (Mercantil Seguros) (domiciled in Panama).
  • Mercantil Holding Financiero Internacional, S.A. runs the group’s international operations and is controlled by ultimate parent Mercantil Servicios Financieros Internacional, S.A. (MSFI).
  • The under review with negative implications status pertained to the uncertain impact on Mercantil Seguros from MSFI’s post-transaction capital structure, as well as integration risk.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .

AM Best Removes From Under Review with Negative Implications and Affirms Credit Ratings of Mercantil Reaseguradora Internacional, S.A.

Retrieved on: 
Thursday, November 9, 2023
Insurance, Professional Services, Return on equity, Capital Bank, Pressure, Mercantil Servicios Financieros, ERM, Credit, AM Best, Good, News, ALL, Security (finance), Risk management, S.A

The outlook assigned to these Credit Ratings (ratings) is negative.

Key Points: 
  • The outlook assigned to these Credit Ratings (ratings) is negative.
  • Mercantil Holding Financiero Internacional, S.A. runs the group’s international operations and is controlled by ultimate parent Mercantil Servicios Financieros Internacional, S.A. (MSFI).
  • The under review with negative implications status pertained to the uncertain impact on Mercantil Re from MSFI post-transaction capital structure, as well as integration risk.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .

Capital Bank Appoints Jacob Dalaya as Chief Strategy Officer

Retrieved on: 
Friday, October 27, 2023
CSO, Economics, National Association of Affordable Housing Lenders, Federal Reserve Bank, Equal housing lender, EMT, Capital Bank, J.P. Morgan & Co., James Cook (American banker), Keefe, Webster, Webster Bank, Keefe, Bruyette & Woods, Capital Bank Financial, Bank, Management, Security (finance), New York University

ROCKVILLE, Md., Oct. 27, 2023 (GLOBE NEWSWIRE) -- Capital Bank, acknowledged in American Banker's top performing banks for 2023, is pleased to announce the appointment of Mr. Jacob “Jake” Dalaya as its new Chief Strategy Officer (CSO).

Key Points: 
  • ROCKVILLE, Md., Oct. 27, 2023 (GLOBE NEWSWIRE) -- Capital Bank, acknowledged in American Banker's top performing banks for 2023, is pleased to announce the appointment of Mr. Jacob “Jake” Dalaya as its new Chief Strategy Officer (CSO).
  • With substantial expertise in financial services, particularly in bank M&A and capital markets, Mr. Dalaya is well positioned to advance the bank's strategic growth and expansion.
  • Mr. Dalaya will also leverage his experience in bank M&A and capital markets to spearhead the bank's M&A and investor relations strategies.
  • "Capital Bank has built out a distinctive challenger bank business model, and I look forward to working with the executive management team as we continue to successfully implement this compelling strategy," stated Mr. Dalaya.

Texas Capital Bancshares, Inc. Announces Quarterly Dividend for Preferred Stock

Retrieved on: 
Tuesday, October 24, 2023
Texas Capital Bank, Series, Capital Bank, Security (finance)

DALLAS, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, and its board of directors declared a cash dividend of $14.375 per share of the 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B (the “Series B Preferred Stock”), equivalent to $0.359375 per depositary share, each representing a 1/40th interest in a share of the Series B Preferred Stock.

Key Points: 
  • DALLAS, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, and its board of directors declared a cash dividend of $14.375 per share of the 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B (the “Series B Preferred Stock”), equivalent to $0.359375 per depositary share, each representing a 1/40th interest in a share of the Series B Preferred Stock.
  • The depositary shares are traded on the NASDAQ under the symbol “TCBIO.” The Series B Preferred Stock dividend is payable on December 15, 2023, to holders of record at the close of business on December 1, 2023.

1st Capital Bancorp Announces Glenna Datta as Executive Vice President and Chief Banking Officer

Retrieved on: 
Friday, October 13, 2023
CBO, Pacific Capital Bancorp, Bank, Business administration, OTC Markets Group, Capital Bank, Science, Drug, Management, Finance

SALINAS, Calif., Oct. 13, 2023 (GLOBE NEWSWIRE) -- 1st Capital Bancorp (OTC Pink: FISB) announced today the appointment of Glenna Datta to Executive Vice President and Chief Banking Officer.

Key Points: 
  • SALINAS, Calif., Oct. 13, 2023 (GLOBE NEWSWIRE) -- 1st Capital Bancorp (OTC Pink: FISB) announced today the appointment of Glenna Datta to Executive Vice President and Chief Banking Officer.
  • Chief Executive Officer Samuel Jimenez announced today that Glenna Datta has been named Executive Vice President and Chief Banking Officer (CBO) of 1st Capital Bank.
  • Prior to her appointment as CBO, Ms. Datta was responsible for driving lending performance in the Bank’s Monterey, Salinas and King City locations.
  • “This is an excellent opportunity for me to assist in the execution of the strategic priorities of the Bank,” Ms. Datta said.

1st Capital Bancorp Announces Retirement of President, Jon Ditlevsen

Retrieved on: 
Friday, October 13, 2023
Central Coast, Retirement, Pacific Capital Bancorp, Family, OTC Markets Group, EVP, Capital Bank, Bank

SALINAS, Calif., Oct. 13, 2023 (GLOBE NEWSWIRE) -- 1st Capital Bancorp (OTC Pink: FISB) announced today the upcoming retirement of President and Chief Lending Officer, Jon Ditlevsen, in January 2024.

Key Points: 
  • SALINAS, Calif., Oct. 13, 2023 (GLOBE NEWSWIRE) -- 1st Capital Bancorp (OTC Pink: FISB) announced today the upcoming retirement of President and Chief Lending Officer, Jon Ditlevsen, in January 2024.
  • Jon has served as President since April of 2020 and as EVP, Chief Lending Officer since 2013.
  • Native to the Central Coast of California, he has served in the various markets 1st Capital Bank operates.
  • As part of this transition, Jon has been instrumental in the identification of and the development of his successor.

Texas Capital Bancshares, Inc. Announces Date For Q3 2023 Operating Results

Retrieved on: 
Thursday, October 5, 2023
PIN, Texas Capital Bank, Webcast, Capital Bank, EDT

DALLAS, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, today announced that it expects to issue financial results for the third quarter of 2023 before market on Thursday, October 19, 2023.

Key Points: 
  • DALLAS, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, today announced that it expects to issue financial results for the third quarter of 2023 before market on Thursday, October 19, 2023.
  • Executive management will host a conference call and webcast to discuss third quarter 2023 operating results on Thursday, October 19, 2023, at 9:00 a.m. EDT.
  • Participants may pre-register for the call by visiting https://www.netroadshow.com/events/login?show=60e46209&confId=56307 and will receive a unique PIN number to be used when dialing in for the call for immediate access.
  • Alternatively, participants may call 833.470.1428 and use the access code 882254 at least fifteen minutes prior to the call to join through an operator.

CORNERSTONE CAPITAL BANK CELEBRATES ONE-YEAR ANNIVERSARY OF MERGER

Retrieved on: 
Monday, October 2, 2023
Thought, Organization, Growth, Capital Bank, History, Bank

HOUSTON, Oct. 2, 2023 /PRNewswire/ -- Cornerstone Capital Bank celebrates the one-year anniversary of its formation, and the historic combination between Cornerstone Home Lending and Roscoe Bank.

Key Points: 
  • HOUSTON, Oct. 2, 2023 /PRNewswire/ -- Cornerstone Capital Bank celebrates the one-year anniversary of its formation, and the historic combination between Cornerstone Home Lending and Roscoe Bank.
  • Cornerstone Capital Bank's tenure has been marked by strong growth and balance sheet strength.
  • While the banking sector experienced a 4.8% decline in year-over-year deposit growth, Cornerstone achieved an extraordinary 44% increase.
  • "We are proud to celebrate the success of our unprecedented journey with our clients, partners, and supporters," said Scott Almy, President and CEO of Cornerstone Capital Bank.

Director Henry Ruhnke Announces Retirement from the Board of Directors

Retrieved on: 
Thursday, August 31, 2023
LLP, Capital Bank, Compensated emancipation, Organization, Pacific Capital Bancorp, Human resources, Capital, OTCQX, Bank, American Institute, Management

Mr. Ruhnke, a registered architect, and principal of Wald, Ruhnke and Dost Architects, LLP has served the Monterey community in a variety of organizations and roles, including Monterey Planning Commission and the Monterey Architectural Review Committee.

Key Points: 
  • Mr. Ruhnke, a registered architect, and principal of Wald, Ruhnke and Dost Architects, LLP has served the Monterey community in a variety of organizations and roles, including Monterey Planning Commission and the Monterey Architectural Review Committee.
  • He also served as a board member of the American Institute of Architects, Monterey Bay.
  • Under Mr. Ruhnke’s leadership and guidance, since joining 1st Capital Bank’s Board of Directors in 2010, the Bank grew assets to nearly $1 billion.
  • Mr. Ruhnke led the Human Resource and Compensation Committee and participated in other governance-related committees.