A fast-growing Dallas bank company started less than two years ago has raised $26.5 million of capital to support a plan to spin off its Internet unit in the first quarter of next year.

Texas Capital Bancshares, with $518 million of assets, said it has rounded up 280 investors since March to buy into the private stock placement. The closely held parent of Texas Capital Bank plans to put about $20 million of the new investments into its Internet arm, Bankdirect, which has applied to state and federal regulators for a separate charter.

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