Gulf Capital Bank Completes Largest Capital Raise of any De Novo Bank in the History of Texas

HOUSTON–()–Gulf Capital Bank announced today that it has completed its capital raise of over $93 million, the largest capital raise of any de novo bank in the history of Texas. Houston’s first de novo bank in more than a decade received approval from the Texas Department of Banking and Federal Deposit Insurance Corp (FDIC) to open for business. Gulf Capital Bank aims to redefine the value of a bank by offering the personal relationship touches of a traditional community bank combined with the ease of state-of-the-art banking technology and global connections provided by a group of Houston’s business and civic leaders.

“We are proud that our management team personally completed the capital raise in a record time of five months. This signifies strong trust and belief in what we are offering the community,” said Ed Jones, Chairman and Chief Executive Officer. “Building on the momentum of this milestone, the bank is beginning the process on onboarding new customers starting with our nearly 300 local individual investors.”

“With the opening of Houston’s first de novo bank in more than a decade, Gulf Capital Bank will be able to do banking the way it was always meant to be done: with personal relationships at the center of everything we do and our customers’ goals at the top of our mind,” added Jonathan Homeyer, President. “We are able to bring Houston companies big-bank products and services, in a more personal platform. We’re building a seasoned team of the most capable and relationship-oriented bankers in the Houston market.”

The bank is located on the first floor at One Riverway, at the corner of Woodway and South Post Oak Lane. Gulf Capital Bank will offer traditional walk-in services, and both personal and commercial checking and cash management, online banking and payments with Zelle®, mobile deposits, secured and unsecured commercial loans, letters of credit and consumer loans. To enhance the personalized experience, customers will be greeted by a concierge representative who will personally assist them with their banking needs. The concierge service is also available to meet customers at their place of business or residence if they are unable to make it into the bank.

The Gulf Capital Bank team is led by Ed Jones, Chairman and Chief Executive Officer, and Jonathan Homeyer, President and Chief Lending Officer. Jones and Homeyer are the former commercial banking managers of Houston’s largest banks, J.P. Morgan Chase & Co. and Wells Fargo & Company, respectively. Combined, the two hold more than 50 years of experience in the banking industry. The leadership team also includes Noreen Skelly, Chief Financial and Chief Operating Officer, who has over 25 years of banking experience, most recently serving as former CFO of Veritex Holdings, Inc.; Jeremy Manning, Chief Information Officer, who joins the team with more than 25 years of technology and cybersecurity experience; and Ashley Lyons, Director of Marketing, who has prior experience at a leading Houston marketing agency. In addition to Mr. Jones, the Board of Directors includes respected Houston business and civic leaders George DeMontrond, John Kotts, Reed Morian, Dan Tutcher, and Donnie Young (proposed, subject to regulatory approval), as well as long-time West Texas banker David Williams.

Houston-based Endurance Builders, LLC served as the general contractor for the bank’s office, and architecture and design were led by Houston-based Abel Design Group. Hunton Andrews Kurth LLP serves as the bank’s legal counsel.

About Gulf Capital Bank:

Gulf Capital Bank, headquartered in Houston, Texas, is a de novo bank that is redefining the value of a bank. The bank opened its doors in January 2020 and keeps personal relationships at the center of everything it does. With decades-deep local roots, the team uses hard work, straight talk and smart thinking to help customers and accomplish their vision. For additional information, please visit

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