texas capital bancshares inc tcbi said tuesday it agreed to sell for 34 billion its 122employee insurance premium finance unit bankdirect capital finance to a unit of truist financial corp tfc  truist financials afco credit corp will acquire bankdirect capital finances business operations as well as its 31 billion loan portfolio the purchase price of 34 billion amounts to an 85 premium over the value of the purchased loan portfolio as of june 30 texas capital bancshares said texas capital ceo rob c holmes said the deal will help the firm focus its capital and expense base on becoming the flagship fullservice financial services firm in texas while strengthening its capital holdings truist said the deal marks its entry into life insurance and and will grow its reach on the west coast texas capital bancshares stock is down 37 in 2022 compared to a loss of 177 by the sp 500 truist shares rose 08 in premarket trades the stock is down 206 in 2022