DALLAS, Dec. 06, 2016 (GLOBE NEWSWIRE) -- Texas Capital Bank today announced key organizational changes within its executive team, reflecting the bank’s vigorous growth in the past several years.
Mark Johnson and John Sarvadi have been promoted to managing director – regional and specialty banking, a new role as the bank looks toward the future. Jim Recer, who most recently led U.S. corporate coverage for BBVA Compass in Houston, has also joined Texas Capital Bank in the same role. The three will report to Chief Lending Officer and Texas President Vince Ackerson, one of the bank’s founders.
The new positions come as Texas Capital Bank has almost doubled in asset size over the last three years, to $22.2 billion at the close of the third quarter from $11.7 billion at the end of 2013.
“Mark and John are strong leaders with proven records of delivering results and, equally important, engaging employees and building partnerships across the bank,” said Texas Capital Bank President and CEO Keith Cargill. “Jim, for his part, brings a remarkable record of success at a major U.S. bank.”
Mr. Johnson has been responsible for oversight of the Austin, Fort Worth and San Antonio regional offices as well as statewide Commercial Real Estate and Builder Finance. He received his Bachelor of Business Administration from Texas Tech University.
Mr. Sarvadi has held primary responsibility for corporate banking in Houston as well as the bank’s national efforts around Asset-Based Lending and Retail Franchise Finance. He has a Bachelor of Business Administration and Master of Business Administration from The University of Texas at Austin.
In addition to leading U.S. corporate coverage for BBVA Compass’s Corporate and Investment Banking, Mr. Recer previously ran the bank’s Asset Recovery Management & Solutions group. He received his Bachelor of Business Administration from The University of Texas at Austin.
Mr. Cargill said the increase in the bank’s asset size merits the organizational changes. “We’re thrilled to be in this position,” he said. “It speaks volumes about our commitment to remain agile and responsive in our daily efforts to help our clients grow and our communities prosper.”
ABOUT TEXAS CAPITAL BANK
Texas Capital Bank delivers highly personalized financial services to businesses and entrepreneurs. We are headquartered in Texas working with clients throughout the state and across the country. Texas Capital Bank is a wholly owned subsidiary of Texas Capital Bancshares, Inc. (NASDAQ®: TCBI) and is recognized as a Forbes Best Banks in America and the Dallas Morning News’ Top 100 Places To Work company. To learn more, please visit www.texascapitalbank.com.