---
schema_version: "secwatch.filing_event.v1"
accession: "0001077428-22-000128"
form_type: "8-K"
ticker: "TCBI"
cik: "0001077428"
company_name: "TEXAS CAPITAL BANCSHARES INC/TX"
filed_at: "2022-09-08T23:59:59+00:00"
generated_at: "2026-06-23T12:32:26.044983+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Texas Capital Bancshares sells insurance premium finance business for ~$3.4B

## Summary
- Sale of BankDirect Capital Finance LLC and a $3.4B loan portfolio (based on June 30, 2022 NAV plus premium) to AFCO Credit Corporation.
- Purchase price subject to customary adjustments; expected closing by end of 2022 subject to regulatory approvals.
- Transaction structured as sale of equity interests and loans; seller will provide transition services.
- AFCO Credit Corporation is a subsidiary of Assurant, Inc. (private); the deal includes non-compete and confidentiality covenants.

## SEC filing metadata
- accession: 0001077428-22-000128
- form_type: 8-K
- ticker: TCBI
- cik: 0001077428
- company_name: TEXAS CAPITAL BANCSHARES INC/TX
- filed_at: 2022-09-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1077428/000107742822000128/0001077428-22-000128-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1077428/000107742822000128/tcbi-20220905.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001077428-22-000128
- JSON: https://secwatch.observer/filing/0001077428-22-000128.json
- Plain text: https://secwatch.observer/filing/0001077428-22-000128.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.