Texas Capital Bancshares, the parent company of Texas Capital Bank, appointed David A. Youngberg Jr. managing director and chief credit officer, effective immediately. As chief credit officer, Youngberg will be responsible for directing the strategy for Texas Capital Bank’s credit approval, underwriting and monitoring processes. Youngberg will report directly to the bank’s current chief risk officer, Tim Storms.
Youngberg brings more than two decades of credit risk and enterprise risk management experience to Texas Capital Bank. Most recently, he served as managing director and head of Goldman Sachs’ risk division office in Dallas. Youngberg previously served in Goldman Sachs’ credit risk management and advisory group as a senior credit officer and commodities credit risk manager in New York.
“David is a proven, solutions-focused leader, and his expertise and broad range of experience make him an excellent addition to our team as we progress in building a best-in-class risk discipline,” Storms said. ”David will play a key role in the continued growth of our credit organization as we solidify Texas Capital Bank as the premier financial services firm headquartered in Texas.”
“It is an honor to join Texas Capital Bank with the unique opportunity to help shape our credit framework as it evolves to better serve our clients across the state and the country,” Youngberg said.
