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Texas Capital sets executive transition June 11, 2013
Texas Capital Bancshares Inc. , parent company of Texas Capital Bank, announced Tuesday that CEO George Jones will retire at the end of the year. The Dallas-based bank’s Board of Directors has promoted Texas Capital Bank President, Chief Operating Officer and Chief Lending Officer Keith Cargill as CEO of Texas Capital Bank and COO of Texas Capital Bancshares, Inc. effective immediately. The board also named Cargill as Jones’ successor. He will be President and CEO of Texas Capital Bancshares upon Jones’ retirement.
“Keith and I were co-founders of Texas Capital Bank and have been friends and partners for 35 years,” said George Jones, president and CEO of Texas Capital Bancshares, in a news release. “I couldn’t be more pleased to have Keith succeed me, and I have every confidence in his ability to lead and grow this company going forward. Today’s announcements are a natural progression of our well-thought out succession planning, which has been based on our business philosophy.”
Texas Capital Bank, founded in 1998, has a Fort Worth location in The Tower at 570 Throckmorton as well as locations in Dallas, Austin, San Antonio and Houston.
“Texas Capital Bank has experienced 15 years of consecutive growth under the leadership of these two very fine men,” said Larry Helm, chairman of Texas Capital Bancshares Inc. Board of Directors. “Both George and Keith have grown this bank during the worst recession through steady stewardship. The board is pleased with the orderly transition of leadership.”