We are investigating Texas Capital Bancshares, Inc. (TCBI) (“Texas Capital” or the “Company”) for potential violations of the federal securities laws. On December 9, 2019, Texas Capital and Independent Bank Group (“Independent Bank”) announced that they would combine in a merger of equals. Per a joint statement issued by the two companies, the combined entity would have approximately $48 billion in assets and $39 billion in deposits, with legacy Texas Capital shareholders controlling 55% of the new entity. Then, on May 26, 2020, Texas Capital issued a press release announcing that Texas Capital and Independent Bank “have mutually agreed to terminate their merger agreement,” citing “the significant impact of the COVID-19 pandemic on global markets and on the companies’ ability to fully realize the benefits they expected to achieve through the merger.” That same day, Texas Capital also issued a second press release announcing the resignation of C. Keith Cargill from his roles as President, Chief Executive Officer and member of the Company’s Board of Directors, effective immediately. Following these announcement, Texas Capital’s stock price fell $1.02 per share, or 3.58%, to close at $27.50 per share on May 26, 2020.