Business
Texas Capital Bank to Relocate Richardson Offices to Blue Cross and Blue Shield of Texas Campus
Texas-based financial institution announces real estate changes to accommodate growth trajectory DALLAS, June 16, 2022 (GLOBE NEWSWIRE) -- Texas Capital
About this update from Texas Capital Bancshares, Inc.
[{"type":"text","content":"Texas-based financial institution announces real estate changes to accommodate growth trajectory\nDALLAS, June 16, 2022 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank (“the Bank”), today announced it will relocate and unite its Richardson, Texas, offices and banking center to a new campus by the fourth quarter of 2023. Texas Capital Bank has signed a 15-year lease term 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. As a continuation of the Bank’s overarching strategy, the decision to move and consolidate its real estate portfolio reflects its commitment to serving the best clients by having a presence in key market locations. “The relocation of our offices in Richardson to one unified campus allows us to effectively and efficiently build the talent and resources of our Technology and Operations departments, which are crucial to the execution of our strategy as we remain dedicated to building the most comprehensive financial services firm 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 people interested in growing their careers in financial services and technology, this workspace allows us to provide top-of-the-line accommodations for our hardworking and talented teams. We are very much looking forward to establishing this as our North Dallas Campus and truly appreciate the partnership of Blue Cross and Blue Shield of Texas.” The new location provides Texas Capital Bank with the capacity and upgrades needed for its Technology and Operations teams to work comfortably and collaboratively as the departments continue to grow and serve the evolving needs of the Bank’s clients. “We are delighted to welcome Texas Capital Bank as a long-term tenant to our Richardson office,” said James “Jim” Springfield, President of BCBSTX. “This agreement is about optimizing our resources and being a fully integrated 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’re happy to have their employees become our new neighbors.” The 1.05-m...