Texas Capital Bancshares CRO to depart Sept. 16
Texas Capital Bancshares’ Chief Risk Officer has departed effective September 16, 2026, with the Chief Credit Officer taking on risk responsibilities on an interim basis.
Rhea-AI Filing Summary
TEXAS CAPITAL BANCSHARES, INC. (TCBI) reported that it and David Oman mutually decided he will depart from his role as Chief Risk Officer, effective September 16, 2026. The company stated that his separation is not related to any disputes or to the company’s financial condition, controls, or enterprise risk management.
Chief Credit Officer David Youngberg will assume the Chief Risk Officer responsibilities in addition to his current role on an interim basis from September 16, 2026, while an internal and external search is conducted for a permanent successor, for which Youngberg will be a candidate.
Positive
- None.
Negative
- Chief Risk Officer departure: The mutual decision for Chief Risk Officer David Oman to depart, effective immediately, represents a significant leadership change in a key risk oversight role at a banking organization.
Insights
Analyzing...
8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Effective date of CRO departure: September 16, 2026
Effective date of interim CRO appointment: September 16, 2026
Common Stock Trading Symbol: TCBI
+1 more
4 metrics
Effective date of CRO departure
September 16, 2026
Date on which Chief Risk Officer David Oman’s departure became effective
Effective date of interim CRO appointment
September 16, 2026
Date on which Chief Credit Officer David Youngberg assumed CRO responsibilities
Common Stock Trading Symbol
TCBI
Symbol for Texas Capital Bancshares, Inc. common stock on The Nasdaq Stock Market
Preferred Stock Series B Trading Symbol
TCBIO
Symbol for 5.75% Non-Cumulative Perpetual Preferred Stock Series B on The Nasdaq Stock Market
Key Terms
Chief Risk Officer, Chief Credit Officer, Non-Cumulative Perpetual Preferred Stock, enterprise risk management
4 terms
Chief Risk Officer financial
"he will depart from his role as the Company’s Chief Risk Officer"
The chief risk officer is the senior executive responsible for identifying, measuring and reducing the major threats that could hurt a company’s finances or reputation, acting like a navigator who watches for storms and steers the business away from them. Investors care because effective risk oversight lowers the chance of surprise losses, legal fines or operational failures, which helps protect shareholder value and makes a company more predictable and trustworthy.
Chief Credit Officer financial
"David Youngberg, Chief Credit Officer, will assume the responsibilities"
Non-Cumulative Perpetual Preferred Stock financial
"5.75% Non-Cumulative Perpetual Preferred Stock Series B, par value $0.01 per share"
Non-cumulative perpetual preferred stock is a type of investment that pays a fixed dividend forever, without a set end date. If the company skips some dividends in a year, you don’t get that money later, and it’s gone forever. It matters because investors get regular income but may miss out if the company faces financial trouble.
enterprise risk management financial
"or enterprise risk management"
Enterprise Risk Management is a process companies use to identify, assess, and prepare for potential problems that could disrupt their success, like financial losses or reputation damage. It’s like a safety plan that helps a business stay strong and adapt quickly when unexpected challenges come up. This helps the company protect its future and keep running smoothly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who is assuming the Chief Risk Officer responsibilities at TCBI after David Oman’s departure?
Chief Credit Officer David Youngberg will assume the responsibilities of Chief Risk Officer in addition to his current duties, effective September 16, 2026, on an interim basis while the company conducts an internal and external search for a permanent successor.
Will interim Chief Risk Officer candidate David Youngberg be considered for the permanent CRO role at TCBI?
Yes. The company has started an internal and external search for a new Chief Risk Officer, and it stated that current Chief Credit Officer and interim CRO, David Youngberg, will be a candidate in that process.
When is the leadership change in the Chief Risk Officer position at TCBI effective?
The departure of Chief Risk Officer David Oman and the interim assumption of CRO responsibilities by David Youngberg are both effective on September 16, 2026, according to the company’s disclosure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
