Texas Capital Bancshares is pulling its stock off Nasdaq and planting it on Dallas's brand-new Texas Stock Exchange, making the $33.9 billion regional bank the first full corporation to anchor the upstart exchange's trading floor. Common and preferred shares will stop trading on Nasdaq at the close of market on October 7, 2026, and begin trading on TXSE the very next morning.
The switch was laid out in a September 14 SEC Form 8-K filing, as reported by The Dallas Morning News, which detailed the exact mechanics of the transfer. Texas Capital's common stock will keep trading under the ticker TCBI before switching to TXCP on November 9, while its 5.75% Series B preferred stock, currently trading as TCBIO, will move from TCBI PRB to TXCP PRB on that same date. According to the SEC filing, both the common and preferred shares are set to debut on TXSE on October 8, 2026.
Texas Capital chairman, president and CEO Rob Holmes said the bank is excited to make the jump, according to the Dallas Morning News report, and called TXSE Group backer Kelcy Warren “a true innovator.” Holmes added that Texas Capital continually evaluates its products, services, technology and markets — and TXSE, in his view, checked the boxes. The bank describes itself as the first full-service financial institution headquartered in Texas, and it completed what it calls a strategic transformation in 2025.
A Net Cash Benefit and a Faster Trading Engine
Texas Capital's board approved the move partly because of TXSE's shared listing construct, which the bank says leaves issuers in a net positive cash position compared with traditional Nasdaq or NYSE listing fees. In its own September 14 announcement carried by GlobeNewswire, Texas Capital framed the arrangement as a straightforward financial upgrade over the fee structures charged by legacy exchanges. The bank also expects TXSE's trade matching engine to improve the quality of its opening and closing stock auctions.
Texas Capital isn't stopping at its own stock. The bank also announced it will move the listings of two exchange-traded funds that track the Texas economy over to TXSE, where they'll become the exchange's first primary ETF listings. TXSE Group chairman and CEO James Lee said Texas Capital's primary corporate listing belongs on the exchange, tying the bank's move directly to the broader case TXSE has been making to Texas-headquartered companies.
Same Neighborhood, New Trading Floor
The symbolism runs deeper than stock tickers. Texas Capital and TXSE will both be headquartered in Uptown Dallas, with the exchange moving into the Bank of America Tower at Parkside — a building Hoodline previously reported TXSE was eyeing back in March. Texas Capital's own headquarters sits near JPMorgan Chase's downtown office and the Federal Reserve Bank of Dallas, and both companies plan to add electronic stock tickers to their buildings once the move is complete.
TXSE wasn't dreamed up overnight. The exchange was first announced in 2024, and the U.S. Securities and Exchange Commission formally approved its Form 1 registration application on September 30, 2025, making it, per TXSE, the first fully integrated national equities exchange authorized by federal regulators in more than two decades. The exchange's technology platform then began a phased launch in July, and TXSE completed its rollout of all U.S. National Market System symbols on July 31, having already traded more than 13,000 symbols since midsummer — technology Holmes said simply works.
Wall Street Money and a Widening Roster of Movers
TXSE Group has raised $275 million from investors including Citadel Securities and Charles Schwab, funding that gave the exchange the capital footing to go head-to-head with Nasdaq and the New York Stock Exchange. Kelcy Warren, the energy executive Holmes praised, owns roughly a 30% stake in TXSE Group. Texas Capital is described as the first independent entity and corporation to put its full faith in the exchange, arriving just days after Energy Transfer LP and related companies — which Hoodline reported were TXSE's first corporate win — became the first companies to announce a move to the exchange, shifting their listings away from the New York Stock Exchange.
The stakes extend beyond any single ticker symbol. More than half of all U.S. trading now happens outside the national exchanges altogether, a shift TXSE's backers point to as evidence that the traditional exchange model needs a challenger. Whether Texas Capital's move accelerates that shift back toward primary listings, or whether liquidity on TXSE holds up once its equity auctions are fully underway in October, remains to be seen as the exchange's roster of issuers continues to grow.
