Dear Valued Customer,
We were disappointed to hear that two U.S. financial institutions, Silicon Valley Bank (SVB) and Signature Bank, were closed by the FDIC over the weekend. We know this news can be unsettling.
We are reaching out today to reassure you of our financial strength and ability to continue as your banking partner.
SVB’s and Signature Bank’s banking portfolios were comprised of tech- and crypto-related startups. That is not who CapTex Bank is. Our customer base is individuals, families, and successful businesses in Tarrant, Collin, Fannin County, and other DFW/North Texas area residents who live and operate like you.
Financial institutions are graded by highly regarded risk firms such as Bauer Financial. For over 40 years, Bauer Financial has classified financial institutions based on a formula factoring in current and historical data. The first level of evaluation is the capital level of the institution followed by other relevant data including but not limited to: profitability, historical trends, loan delinquencies, repossessed assets, reserve, regulatory compliance, proposed regulations and asset quality. We are pleased to say that CapTex Bank is considered a five-star (highest rating) bank by Bauer Financial. Further, our capital position is well over 50% higher than the regulatory designation of “Well-Capitalized” (the top designation) and we do not have any significant bond investments or mark to market adjustments. Our investment is in our customers.
I hope this message is a reminder that CapTex Bank is a true banking partner who will continue to provide confidence in our service, operations, and stability. Please do not hesitate to speak with anyone on our management team at any of our locations in Fort Worth, Trenton, Leonard, Bonham, or Melissa.
Thank you for your business.
Chairman & CEO