Houston de novo bank raises over $93M, opens for business

Gulf Capital Bank, the first de novo bank to open in Houston since 2008, has taken the final steps necessary to open for business.

The community bank completed a capital raise of over $93 million, which it calls the largest by any de novo bank in Texas history, according to a Feb. 24 news release. Additionally, the Texas Department of Banking and the Federal Deposit Insurance Corp. have fully approved the bank.

“We are proud that our management team personally completed the capital raise in a…