# Third Coast Bancshares

Third Coast Bancshares is an Asset Manager based in Humble, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Humble, United States
- **Region:** North America
- **Address:** Humble, TX, United States
- **Founded:** 2017
- **Assets under management:** Undisclosed
- **Website:** tcbssb.com

## Regulatory record

- **Reports private funds:** No

## About

Bart Caraway founded Third Coast Bancshares in 2017 to serve as the parent holding company for Third Coast Bank, a Texas-chartered community bank targeting middle-market commercial clients. The bank was built largely through whole-bank and branch acquisitions, including the purchase of Gulf Coast Bank in 2020. The firm quotes its shares on the Nasdaq Global Select Market under the ticker TCBX (per the firm's official communications). The bank operates as a full-service commercial lender with a focus on relationship-driven credit. Its portfolio spans commercial and industrial loans, owner-occupied commercial real estate, construction and land development, and industrial warehouse finance. The firm also books residential mortgage and consumer loans, though commercial credit dominates the balance sheet. Geographic concentration remains in Texas, with 12 branches stretching along the I-45 corridor from Dallas to Houston and into the Golden Triangle. As of 2023, Third Coast Bancshares managed roughly $4.3 billion in total assets and employed over 300 people (per the firm's official communications, 2023). The bank's growth was built on an active M&A strategy in the years following its founding. In February 2024, the firm announced a definitive agreement to acquire Texas-based Heritage Bancorp, a deal that adds nearly $400 million in assets and furthers branch density in the Houston market. Caraway structured the bank as a publicly traded consolidator of Texas community bank franchises — a model that lets it operate with local branding while drawing on public market capital for acquisitions. The holding company provides central support for credit administration, compliance, and treasury, giving the underlying bank the balance sheet to compete for middle-market loans that larger regional banks often standardize and smaller community banks cannot size.

## Sectors

- Private Credit

## People

- Bart Caraway — Chairman, President and CEO
- John McWhorter — Chief Financial Officer

## Questions

### Who runs investment and credit decisions at Third Coast Bancshares?

Credit decisions are run through Third Coast Bank's lending team under the holding company's executive leadership. Bart Caraway serves as Chairman, President and CEO, with oversight of the bank's strategic direction and lending culture. The bank operates a traditional relationship-banking model where senior credit officers and market presidents manage local loan portfolios within central risk parameters.

### What kind of loans does Third Coast Bancshares focus on?

The bank's commercial loan portfolio is concentrated in three categories: owner-occupied commercial real estate, commercial and industrial (C&I) loans to middle-market businesses, and construction and land development finance. It also originates residential mortgage and consumer loans, but the commercial side drives the bulk of the balance sheet. Industrial warehouse lending has been an area of note given the Texas logistics corridor.

### Does the firm participate in private equity or venture capital investments?

Third Coast Bancshares is a commercial bank, not a private equity or venture investor. It does not take equity stakes in operating companies through a venture-style model. Its 'investment' activity is traditional lending — generating interest income from commercial real estate, C&I, and construction loans on its balance sheet.

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Last updated: 2026-06-03T20:00:00.000Z

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