Texas Capital Bancshares in Dallas has hired a TD Bank executive to expand its lending to franchise-related businesses.
Brian Frank joined the $19 billion-asset Texas Capital to develop a national practice that makes loans to corporate franchisors and to franchisees that operate multiple stores, the company said in a news release Thursday. Texas Capital's franchise-lending business was previously confined to Texas. Frank will be based in New York.
The practice will target restaurants, convenience stores, gas stations and limited-service hospitality organizations.
Frank was previously head of restaurant and franchise finance for TD Bank. He also previously worked for GE Capital Franchise Finance.
TD Bank, based in Cherry Hill, N.J., is a unit of Toronto-Dominion Bank. Its federally insured U.S. operations had $266 billion of assets at Dec. 31.