Dallas Investment Banking Group Estrada Hinojosa & Co. acquired by Texas Regional Bank » Dallas Innovates
Dallas Investment Banking Group Estrada Hinojosa & Co. acquired by Texas Regional Bank
Texas Regional Bank said the acquisition of Estrada Hinojosa will add more than 50 employees to the TRB team, which has offices in Dallas, Houston, San Antonio, Austin, Edinburg, Miami, Chicago, Denver and New York City.
From left to right: Michael Scaief, Noe Hinojosa Jr. and John Tippit. (Photo: Texas Regional Bank)
Dallas-based Estrada Hinjosa & Company (EH) was acquired by Harlingen-based Texas State Bankshares, the registered bank holding company of Texas Regional Bank (TRB).
EH will operate under the name “Estrada Hinojosa” under TRB Capital Markets LLC, a wholly owned subsidiary of Texas Regional Bank. TRB said the acquisition of EH will add more than 50 employees to the TRB team, which has offices in Dallas, Houston, San Antonio, Austin, Edinburgh, Miami, Chicago, Denver and New York City.
The terms of the transaction were not disclosed.
Since its founding in 1992, Estrada Hinojosa has completed more than 2,600 municipal advisory transactions with an aggregate principal amount of over $207 billion and more than 4,900 underwriting transactions with an aggregate principal amount of over $486 billion.
Noe Hinojosa Jr. will become President of TRB Capital Markets and a member of the Board of Directors of Texas Regional Bank.
“This partnership will strengthen our capacity and competitive position in the state of Texas and beyond. It will help further transform the many customers and communities we serve,” Hinojosa said in a statement.
John Tippit IV, president of TRB Divisions, said the acquisition is consistent with the company’s goals.
“The addition of the Estrada Hinojosa team creates a new line of business within TRB’s divisions that aligns with our strategic vision to become a full-service financial institution,” Tippit said in a statement. “We are pleased to provide capital and resources to the Estrada Hinojosa team to expand its already strong position as a boutique investment bank in public finance. Under Noe Hinojosa’s leadership, we will continue our legacy as a premier municipal advisor while gaining market share in the municipal lending space.”
Michael Scaief, chairman and CEO of TRB, said the deal was part of a strategic plan.
“The acquisition of Estrada Hinojosa is a critical component of our strategic plan to become a full-service financial institution,” Scaief said in a statement. “We are excited to offer our community partners a full range of services from ‘the people you know.'”
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