This story appeared in Bank Digest.
The Treasury Department has announced that it has priced a secondary public offering of 758,086 warrants to purchase common stock of Texas Capital Bancshares, Inc. at $8.85 per warrant. The aggregate net proceeds to the Treasury Department from the offering are expected to be $6,559,066. These proceeds provide an additional return to the American taxpayer from Treasury Department's investment in the Texas Capital Bancshares beyond the dividend payments it received on the related preferred stock. The closing is expected to occur on or about March 17, 2010, subject to customary closing conditions. The offering was priced through a modified Dutch auction. Deutsche Bank Securities Inc. was the sole book-running manager for the offering.



