Texas Capital Bank Delivers Special Holiday Bonuses to Employees
December 22 2017 - 11:36AM
Business Wire
Texas Capital Bank President and CEO Keith Cargill announced
today that the bank will be giving a majority of its employees a
special $1,000 bonus, thanks in part to passage of the federal tax
overhaul plan.
Cargill said more than 900 employees not already eligible for
another performance-based bonus program will receive the payouts,
effective in January after the law takes effect. The special
bonuses will go primarily to support teams across all locations,
including Dallas, Richardson, Fort Worth, Houston, San Antonio and
Austin.
“This investment in our people is a thank you for their hard
work and dedication,” Cargill said. “Our clients have come to
expect the very best service and in order for us to deliver the
highest quality consistently, every link in our chain must be
strong. This bonus reaffirms the respect we have for the important
role each of our colleagues play in delivering world class service
to our clients.”
“Our vision since inception has been to build the most
successful and respected business bank in the country, a place
where clients love to bank and employees love to work. We think
these two things go hand in hand, and the bonus is an extension of
that appreciation,” Cargill said.
Heading into 2018, the company will be looking for additional
ways to invest in employees as a result of the tax bill, which
includes a permanent cut for corporations and temporary tax relief
for individuals.
“The rewritten tax code cuts the marginal tax rate, and that can
be significantly beneficial to earnings and our stockholders,
because we believe we have among the highest marginal and effective
federal tax rates in the banking sector. The tax changes also will
be very beneficial to our customers,” Cargill said.
ABOUT TEXAS CAPITAL BANK
Texas Capital Bank, N.A. is a commercial bank that delivers
highly personalized financial services to businesses and
entrepreneurs. Headquartered in Texas, we work 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 has been named to Forbes’ Best Banks in America
list and as one of the Dallas Morning News’ Top 100 Places To Work.
To find out why we’re the Best Business Bank in Texas®, please
visit www.texascapitalbank.com. Member FDIC.
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Texas Capital BankShannon Wherry,
469-399-8527shannon.wherry@texascapitalbank.com
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