Texas Capital Bank in Dallas has started an initiative to lend to small businesses in low- and moderate-income areas.
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The $3.7 billion-asset subsidiary of Texas Capital Bancshares said Thursday that it has created a unit called Texas Capital Community Development Corp. to lend to nonprofit organizations that focus on serving disadvantaged areas, small businesses that create jobs in those areas, and projects that would create housing for low-income people, including the elderly and homeless.
The unit also would invest in organizations that provide financial literacy training in markets like Austin, Dallas, Fort Worth, Houston, and San Antonio.
