Texas Capital Bancshares in Dallas plans to raise about $150 million by selling common stock.

The $14 billion-asset company said in a press release Thursday that it will sell 2.5 million common shares for roughly $62 each.

Texas Capital, which has been averse to acquisitions, said it plans to use the proceeds to support loan and capital growth.

JPMorgan Securities and Deutsche Bank Securities are the offering's joint book-running managers.

Texas Capital has 14 branches in cities such as Dallas, Houston and Austin, according to the Federal Deposit Insurance Corp.

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