Texas Capital Bank Announces Key Organizational Changes to Support Recent Growth
December 06 2016 - 10:00AM
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 BANKTexas 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.
MEDIA CONTACT
Thaddeus Herrick, 469.399.8527
thaddeus.herrick@texascapitalbank.com
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