Texas Capital Bancshares, parent company of Texas Capital Bank, announced that John Hudgens will step down as chief risk officer of Texas Capital Bank in September 2018 and will resign as chief risk officer of Texas Capital Bancshares, effective Dec. 31, 2018.
Hudgens will serve as a vice chairman until his retirement in August 2019. Hudgens joined the bank in 1999 and became chief risk officer in 2009.
John Turpen has been named the new chief risk officer of Texas Capital Bank, effective Sept. 10, 2018. He will assume the role of chief risk officer of Texas Capital Bancshares on Jan. 1, 2019. Hudgens and Turpen will work together the rest of the year to ensure an effective transition.
Turpen most recently served as chief risk officer for corporate and commercial banking at U.S. Bancorp, the country’s fifth largest commercial bank. He led all risk activities for the $102 billion corporate and commercial banking division, which consisted of 14 business units, including lending activities, commercial real estate, fixed income, capital markets, international banking, foreign exchange, and treasury management. Turpen, who will be relocating to Dallas, joined U.S. Bancorp in 2009 after holding a number of progressively senior positions in credit, risk and strategic planning at HSBC and Wells Fargo.