Dallas-based investment banking group, Estrada Hinojosa & Company (EH), has recently been acquired by Texas Regional Bank (TRB), a move that is set to significantly expand TRB’s presence and capabilities in the financial sector. The acquisition will see EH operating under TRB Capital Markets LLC, a subsidiary of Texas Regional Bank, under the assumed name of “Estrada Hinojosa.” This strategic move is expected to add more than 50 professionals to the TRB team, with offices in key cities such as Dallas, Houston, San Antonio, Austin, Edinburg, Miami, Chicago, Denver, and New York City.
Estrada Hinojosa has a strong track record in the financial industry, having 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 since its establishment in 1992. The acquisition of EH by TRB marks a significant milestone for both companies, as they join forces to enhance their capacity and competitive position in Texas and beyond.
Noe Hinojosa Jr., the current president of EH, will continue to lead the team as the president of TRB Capital Markets and will also be appointed as a member of the Texas Regional Bank board of directors. This move is expected to bring together the expertise and experience of both organizations, creating a powerhouse in the financial services industry.
John Tippit IV, president of TRB Divisions, expressed his excitement about the acquisition, stating that it aligns with the company’s strategic vision of becoming a full-service financial institution. The addition of the Estrada Hinojosa team will provide TRB with a new business vertical in TRB Divisions, allowing them to expand their position as a boutique investment bank in public finance. Under Noe Hinojosa’s leadership, TRB aims to continue the legacy of being a best-in-class municipal advisor while gaining market share in municipal underwriting.
TRB Chairman and CEO, Michael Scaief, emphasized that the acquisition of Estrada Hinojosa is a crucial component of their strategic plan to become a full-service financial institution. By providing a full suite of services for their municipal partners, TRB aims to solidify its position as a trusted financial partner in the communities they serve.
Overall, the acquisition of Estrada Hinojosa by Texas Regional Bank represents a significant step forward for both organizations. By combining their strengths and expertise, they are poised to offer enhanced financial services and solutions to their clients, further solidifying their position in the financial industry. This strategic move is a testament to their commitment to growth and innovation in the ever-evolving financial landscape.
