Texas Capital to redeem all $150 million 6.5% series A preferreds

By Wendy Van Sickle

Columbus, Ohio, May 12 – Texas Capital Bancshares Inc. will redeem all $150 million outstanding shares of its 6.5% noncumulative perpetual preferred stock, series A, with a liquidation preference $25.00 per share, according to a news release.

The 6 million shares of series A preferreds will be redeemed on June 15 at par. Regular dividends will be paid in the normal manner on the redemption date.

Texas Capital is based in Dallas.

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