Synthetic risk transfer (SRT) deal
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Third Coast Bancshares, Inc. Recognized by Structured Credit Investor (SCI) as "2025 North American Issuer of the Year" and "2025 North American Transaction of the Year" Finalists
Prnewswireยท 2025-09-29 20:15
Core Points - Third Coast Bancshares, Inc. has been nominated for the 2025 North American Issuer of the Year by SCI, recognizing its significant securitizations and leadership in risk management innovation in the regional banking sector [1][2] - The company and EJF Capital, LLC were also nominated for North American Transaction of the Year for their innovative commercial real estate loan securitization completed in April 2025, which was the first synthetic risk transfer deal by a U.S. bank of Third Coast's asset size of $5 billion [2][3] - The CEO of Third Coast expressed pride in the nominations, highlighting the company's commitment to improving its risk profile and capital ratios through innovative capital management [3] Company Overview - Third Coast Bancshares, Inc. is a Texas-based bank holding company primarily operating in major metropolitan areas such as Greater Houston, Dallas-Fort Worth, and Austin-San Antonio through its subsidiary, Third Coast Bank [3] - The company was founded in 2008 and operates 19 branches across Texas [3] Recent Developments - Effective October 6, 2025, Third Coast Bancshares, Inc.'s common stock will transition to trading on the New York Stock Exchange under the ticker symbol "TCBX" [3]