Texas State Bankshares completes acquisition of investment banking group Estrada Hinojosa & Company

HARLINGEN, Texas — Effective August 2, Texas State Bankshares, Inc., the registered bank holding company for Texas Regional Bank completed its acquisition of Dallas-based investment banking group Estrada Hinojosa & Company, Inc.

The Rio Grande Guardian first reported on the acquisition in August, 2023, when Texas State Bankshares’ purchase of Estrada Hinojosa (EH) was pending receipt of all required regulatory and shareholder approvals.

Going forward EH will operate under TRB Capital Markets, LLC, a wholly-owned subsidiary of Texas Regional Bank (TRB), using the assumed name of “Estrada Hinojosa.”  

According to a Texas State Bankshares, Inc., press release, TRB’s acquisition of EH will add over 50 individuals to the TRB team with offices in Dallas, Houston, San Antonio, Austin, Edinburg, Miami, Chicago, Denver, and New York City.

“EH is an industry leader in public finance offering municipal advisory services, bond underwriting, and bond trading. Since its inception in 1992, the firm has completed over 2,600 municipal advisory transactions with a total par value exceeding $207 billion and more than 4,900 underwriting transactions with a total par value of over $486 billion,” the press release stated. 

Noé Hinojosa, Jr. a Brownsville, native, will serve as president of TRB Capital Markets and a member of the Texas Regional Bank Board of Directors. He said: “This partnership will enhance our capacity and competitive position in the state of Texas and beyond. It will help continue transforming the many clients and communities we serve.”

John Tippit IV is president of TRB Divisions. He said: “The addition of the Estrada Hinojosa team provides a new business vertical in TRB Divisions that aligns with our strategic vision of becoming a full-service financial institution. 

“We are excited to provide the Estrada Hinojosa team with capital and resources to expand their already robust position as a boutique investment bank in public finance. 

“Under Noe Hinojosa’s leadership, we will continue the legacy as a best-in-class municipal advisor while gaining market share in municipal underwriting.”

Michael Scaief, chairman and CEO of TRB, said: “The acquisition of Estrada Hinojosa is a crucial component of our strategic plan in becoming a full-service financial institution. We are excited to provide a full suite of services for our municipal partners from “the people you know.”

About Texas Regional Bank:

Texas Regional Bank is a privately owned institution that was founded in South Texas with the goal to bring a locally-owned, relationship style bank back to the communities we serve. TRB is committed to building a relationship with our customers by providing exceptional customer service, financial products, and mobile and online banking.

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