HARLINGEN, Texas, Aug. 5, 2024
/PRNewswire/ -- Effective August 2,
2024, Texas State Bankshares, Inc., the registered bank
holding company for Texas Regional Bank (collectively, "TRB"),
completed its acquisition of Dallas-based investment banking group Estrada
Hinojosa & Company, Inc. ("EH"). Going forward EH will operate
under TRB Capital Markets, LLC, a wholly-owned subsidiary of
Texas Regional Bank, using the assumed name of "Estrada Hinojosa."
TRB's acquisition of EH will add over 50 individuals to the TRB
team with offices in Dallas,
Houston, San Antonio, Austin, Edinburg, Miami, Chicago, Denver, and New York
City.
![Michael Scaief, Noe Hinojosa Jr., John Tippit Michael Scaief, Noe Hinojosa Jr., John Tippit](https://mma.prnewswire.com/media/2475531/Texas_Regional_Bank__Michael_Scaief__Noe_Hinojosa_Jr__John_Tippit.jpg)
EH is an industry leader in public finance offering municipal
advisory services, bond underwriting, and bond trading. Since its
inception in 1992, the firm has completed over 2,600 municipal
advisory transactions with a total par value exceeding $207 billion and more than 4,900 underwriting
transactions with a total par value of over $486 billion. Noe Hinojosa Jr. will serve as
President of TRB Capital Markets and a member of the Texas Regional
Bank Board of Directors. Mr. Hinojosa shared a statement about
the significance of the acquisition, "This partnership will enhance
our capacity and competitive position in the state of Texas and beyond. It will help continue
transforming the many clients and communities we serve."
John Tippit IV, President of TRB
Divisions, commented on future growth with the EH acquisition,
saying that "The addition of the Estrada Hinojosa team provides a
new business vertical in TRB Divisions that aligns with our
strategic vision of becoming a full-service financial institution.
We are excited to provide the Estrada Hinojosa team with capital
and resources to expand their already robust position as a boutique
investment bank in public finance. Under Noe Hinojosa's leadership, we will continue the
legacy as a best-in-class municipal advisor while gaining market
share in municipal underwriting."
As TRB advances its mission to deliver relationship banking to
communities we serve, Michael
Scaief, Chairman and CEO of TRB, shared, "The acquisition of
Estrada Hinojosa is a crucial component of our strategic plan in
becoming a full-service financial institution. We are excited to
provide a full suite of services for our municipal partners from
"the people you know."
About Texas Regional Bank
Established in 2010 and based out of Harlingen, Texas, TRB is a privately-owned,
full-service, financial institution founded to bring to market a
locally-owned bank that serves surrounding communities through
relationships not transactions. TRB is proud to offer an
unparalleled customer experience while providing exceptional
financial products, including core banking, trust and wealth
management, mortgage, international banking, insurance, foreign
exchange, and economic development services. Texas Regional Bank
holds assets of approximately $2.67
billion as of June 30, 2024,
with over 30 banking centers across the Rio Grande Valley, Texas
Hill Country, Houston, and DFW
Metroplex.
For more information about Texas Regional Bank, visit
www.trb.bank.
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SOURCE Texas Regional Bank