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.
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Texas Capital Bancshares in Dallas reported lower quarterly profit that largely reflected an increased provision for energy loan losses.
January 20 -
Atlantic Capital Bancshares in Atlanta has formed a lending division to focus on the emerging film and entertainment industry in Georgia.
February 3 -
Eagle Bancorp in Bethesda, Md., has added equipment leasing to its lineup of commercial banking products.
December 8
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.
