Andy Foskey

P10, Inc. has struck an agreement to acquire Stellus Capital Management, LLC, a Houston-based direct lender focused on the lower middle market, for $250 million in initial consideration. https://lnkd.in/g9th--KK

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The public finance space has seen talent shifts at companies such as Texas Capital, Crews & Associates, ISM and First Eagle in recent weeks. Other relevant announcements to keep on top of include a partnership between the Securities Industry and Financial Markets Association and the digital documentation fintech firm Arteria AI's new platform for U.S. Treasuries, as well as launch of two products from Easterly Asset Management. Read more below. #municipalfinance #successionplanning

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Check out January's Texas Bank Snapshot Each edition highlights various banking metrics, including public market indicators, M&A market indicators, and key indices of the top financial institutions in Texas, providing insight into financial institution valuation issues.

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Texas Capital Securities is pleased to serve as Co-Manager on the $993.6 million initial public offering for Chime (NASDAQ: CHYM), a leading consumer financial technology company based in San Francisco. Texas Capital also served as Co-Syndication Agent on Chime’s $475.0 million Senior Secured Revolving Line of Credit, supporting its expansion in the FinTech sector with a comprehensive suite of advisory, capital markets and operating solutions. Learn more about this recent deal: https://lnkd.in/gHud4CWC Learn more about our Capital Markets team: https://lnkd.in/gVqE7jwg

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The Louisiana banking landscape is home to a unique and compelling new partnership. This week, Morgan City, LA-based MC Bancshares, Inc. announced its banking subsidiary M C Bank would merge with DMMS Purchaser, Inc., an investor group led by Daryl Byrd, former CEO of IBERIABANK Corp. Performance Trust Capital Partners, LLC served as Financial Advisor to MC Bancshares Inc. in the transaction, continuing a longstanding relationship and a shared commitment to a disciplined process for evaluating capital opportunities.   The new executive team additions, supported by the expected hires of client-facing bankers in multiple markets, will set up something meaningful and new for MC Bancshares shareholders. What will not change is the commitment to preserving a community banking model that the company has delivered to customers for decades. Founded in 1955 in the energy and seafood industry hub of Morgan City, M C Bank represents institutions that are the lifeblood of local economies, providing relationship-driven banking, reinvesting deposits into local businesses, and making decisions based on a deep understanding of their communities. In an era dominated by large national institutions, maintaining these local connections is critical for the longevity of small and mid-sized businesses across the Gulf South. This vision is shared by Chris LeBato, CEO of M C Bank, who has been instrumental in strengthening the bank’s culture and expanding its footprint since joining in 2021.   “The combination of our associates and the DMMS team creates a powerful alignment of talent, experience, and vision that will propel the bank forward,” said LeBato. M C Bank's roughly 100 employees have all been invited to remain in their current positions and play key roles in the next phase of the company's growth. Chris will continue to play a pivotal role as Managing Director, Vice Chairman, and Chief of Staff, ensuring continuity and reinforcing the hometown spirit that defines M C Bank. His leadership, combined with Byrd’s proven track record and the ongoing partnership with Performance Trust, creates a unique and powerful collaboration that promises to be closely watched by the banking community. Performance Trust congratulates Daryl Byrd, Chris LeBato, and the entire M C Bank team on this announcement. To view all recent transactions, visit https://lnkd.in/gADG5Rre.

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Tune in to this week's market insights provided by Steve Orr, CFA, CMT, Chief Investment Officer of Texas Capital Private Bank. Learn more: https://lnkd.in/eXPcwgAJ

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