Texas Capital Bancshares agreed to buy a $400 million portfolio of exposure to health-care companies as it presses ahead with a strategic plan to expand offerings and boost efficiencies — which also resulted in some layoffs in the third quarter.
The healthcare deal is part of efforts to build a corporate banking health-care business and should close this month, the Dallas-based bank said Friday in a statement. The layoffs should help it curb costs by $30 million next year and will primarily affect middle- and back-office employees.
Source: Texas Capital agrees to $400 million health care deal, cuts jobs / The Dallas Morning News