Business
Raymond James To Welcome New $605 Million Program with Texas Community Bank
ST. PETERSBURG, Fla., July 31, 2025 (GLOBE NEWSWIRE) -- Raymond James Financial Institutions Division (FID) announced today that Texas Community Bank (TCB) has selected the firm’s platform to enhance its financial planning and advisory offering, according to Stephen Kruchten, president of FID. With this new alignment, TCB Investments will provide clients with investment and wealth management services through Raymond James Financial Services. Based in Laredo, Texas, TCB Investments includes finan
About this update from Raymond James Financial, Inc.
[{"type":"text","content":"ST. PETERSBURG, Fla., July 31, 2025 (GLOBE NEWSWIRE) -- Raymond James Financial Institutions Division (FID) announced today that Texas Community Bank (TCB) has selected the firm’s platform to enhance its financial planning and advisory offering, according to Stephen Kruchten, president of FID. With this new alignment, TCB Investments will provide clients with investment and wealth management services through Raymond James Financial Services.","length":445,"tagName":"p"},{"type":"text","content":"Based in Laredo, Texas, TCB Investments includes financial advisors Luis J. Gonzalez, III and Carlos M. Chapa. They manage approximately $605 million in client assets.","length":167,"tagName":"p"},{"type":"text","content":""Texas Community Bank has a clear vision and profound dedication to delivering exceptional service to its clients. We’re pleased to be selected to support this talented group of advisors with the robust resources, advanced technology and investment platform that Raymond James is known for – all tailored specifically to meet the unique needs of our affiliated financial institutions," said Kruchten.","length":410,"tagName":"p"},{"type":"text","content":""We are excited to work with an industry leader like Raymond James," said Oscar Cisneros, senior vice president at Texas Community Bank. "The wealth of solutions and support Raymond James provides will enable TCB Investments to elevate our offerings, enhance our client service capabilities and strategically grow our investment and wealth management program.”","length":375,"tagName":"p"},{"type":"text","content":"“By aligning with Raymond James FID, programs like TCB Investments gain access to the sophisticated resources and capabilities needed to effectively meet the distinctive needs of high-net-worth and ultra-high-net-worth clients," said Jon DeMayo, vice president of business development at FID. “Our continued growth in Texas and other key markets underscores the strength and importance of our value proposition for financial institutions targeting this expanding client segment.”","length":484,"tagName":"p"},{"type":"text","content":"About the Financial Institutions DivisionThe Financial Institutions Division was established by Raymond James in 1987 to provide banks and credit unions with an alternative to traditional third-party investmen...