Texas Capital Bank Selects AFSCommerceT to Support Rapid Loan Growth
CONTACTS:
| Patricia McFeely
Director, Corporate Communications Automated Financial Systems, Inc. 484.875.1376 pmcfeely@afsvision.com |
Texas Capital Bank Selects AFSCommerceT to Support Rapid Loan Growth
EXTON, Pa, October 19, 2005 — One of the Country's fastest growing banks, Texas Capital Bank, principal subsidiary of Texas Capital Bancshares (NASDAQ: TCBI), announced today that it has elected to extend its outsourcing agreement for loan servicing and processing with Automated Financial Systems, Inc. (AFS) of Exton, PA.
Launched in December of 1998 with an initial capitalization of $80 million, Texas Capital is believed to be the largest start-up bank in U.S. history. It now boasts $ 2.9 billion in assets and has full service locations throughout Texas. Texas Capital has been an AFS client since 2000, when it sought a full service outsource solution for loan servicing and processing that would meet the growing product demands of its largely commercial customer base for sophisticated product delivery capability and the flexibility to support complex credit facilities.
According to George Jones, president and CEO, "This agreement represents a renewed commitment to our customers to offer the most competitive lending capabilities and product sophistication available in today's market. AFS has been able to support our rapid growth, enabling Texas Capital to focus on the credit needs of its customers with the assurance that we will have the systems capabilities to support them. We have found in AFS an effective means of scaling our cost basis to ensure favorable competitive positioning for our clients."
AFS offers a fully integrated lending and credit risk management solution on an outsourced basis. Used by several of the country's most sophisticated financial institutions, currently ranging in assets up to $38 billion, AFS offers straight-through processing for both consumer and commercial credit facilities on the same lending platform. Its scalability provides access to sophisticated lending capabilities without investment in supporting technology infrastructure and staffing.
John Shain, president of AFS, said "We are very pleased to have helped in contributing to the huge success of Texas Capital in building its lending franchise and are committed to working with the Bank to support its customers' future lending needs."
About Texas Capital Bank
Texas Capital Bank is a commercial bank that delivers highly personalized financial services to businesses and private clients. Headquartered in Dallas, the Bank has $2.9 billion in assets and has full-service locations in Austin, Dallas, Fort Worth, Houston, Plano, and San Antonio. The Bank is the primary subsidiary of Texas Capital Bancshares (NASDAQ: TCBI).For further information, please visit us at www.texascapitalbank.com.
About AFS
AFS is the dominant provider of commercial lending software and services to U.S. financial institutions, combining the systems, execution expertise, and management information to mitigate risk, reduce costs, and increase revenue. The firm is headquartered in Exton, PA; its European subsidiary, Automated Financial Systems GmbH is located in Vienna, Austria. For further information, visit AFS' website at www.afsvision.com.
