Financial Services >> CEO Interviews >> May 25, 2004
JOSEPH M. 'JODY' GRANT is Chairman and Chief Executive Officer of Texas
Capital Bancshares, Inc., as well as Chairman of Texas Capital Bank and
of its Internet division, BankDirect. Mr. Grant ascended steadily in
banking after launching his career in 1961 at Citibank in New York. In
1966, he returned to Texas to earn a PhD in Finance and economics from
The University of Texas. His undergraduate degree is from SMU, where he
was an All-American swimmer. Mr. Grant's next role was Senior Vice
President and Economist at Houston's Texas Commerce Bank, where he
formulated and implemented the expansion strategy that formed Texas
Commerce Bancshares and led the company's efforts in 35 subsequent
acquisitions. In 1975, he joined Texas American Bancshares as President
of its flagship bank, Texas American Bank/Fort Worth. In 1982, he became
Chairman and CEO of the bank and four years later became Chairman and
CEO of Texas American Bancshares, then the sixth largest banking
organization in Texas. With the demise of Texas banking, Mr. Grant left
his position with Texas American. The struggle of his attempts to save
the bank is documented in his book, The Great Texas Banking Crash ' An
Insider's Account, published in 1996. In 1990, Grant joined EDS as Chief
Financial Officer with responsibility for all of Finance and
Administration, comprising over 3,000 employees. Mr. Grant was one of
two persons who led the split-off of EDS from its parent, General
Motors, which at the time was the fourth largest transaction in the
history of Wall Street. In 1998, he retired from EDS to start Texas
Capital Bancshares, which opened in December 1998. Profile
Mr. Grant: We are a relatively new bank. We started officially under the
Texas Capital Bank banner December 18, 1998. There was a
