We will pay dividends on the Preferred Stock, when, as, and if declared by our board of directors or a duly authorized committee of the board and to the extent that we have lawfully available funds to pay dividends. If declared, dividends will accrue and be payable on the liquidation preference amount, on a non-cumulative basis, at a rate of 6.50% per annum, quarterly, in arrears, on March 15, June 15, September 15, and December 15 of each year, beginning on June 15, 2013, from and including the date of original issuance. The first dividend payment, if declared, will be made on June 15, 2013, in the expected amount of $0.34757 per share of the Preferred Stock, which reflects the time period from the expected date of original issuance to but excluding June 15, 2013.
Dividends on the Preferred Stock will not be cumulative. If for any reason our board of directors or a duly authorized committee of the board does not declare a dividend on the Preferred Stock for any dividend period, such dividend will not accrue or be payable, and we will have no obligation to pay dividends for such dividend period, whether or not dividends on the Preferred Stock are declared for any future dividend period. Dividends on the Preferred Stock will not be declared, paid or set aside for payment to the extent such act would cause us to fail to comply with applicable laws and regulations, including applicable capital adequacy guidelines.
Full Prospectus PDF », Secondary Prospectus PDF », TCBI Page »
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Texas Capital Bancshares is a bank holding company. Through its subsidiary, Texas Capital Bank, Co. serves commercial businesses and personnel and entrepreneurs located in Texas as well as operates several lines of business serving a regional or national clientele of commercial borrowers. Co. is mainly a lender, with the majority of its loans held for investment, excluding mortgage finance loans and other national lines of business, being made to businesses headquartered or with operations in Texas. Co. provides a variety of deposit products including commercial checking accounts, lockbox accounts, cash concentration accounts and other treasury management services, including online banking. Open the TCBI Information Page » |
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