Gulf Capital Bank (GCB), the first de novo bank to open in Houston, Texas in over a decade, has completed raising more than $93m capital.

This is considered to be the largest ever capital raise of any de novo bank in the history of Texas.

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Gulf Capital Bank has already received permission from the Texas Department of Banking and Federal Deposit Insurance Corp (FDIC) to open for business.

The newly chartered bank is now open for business.

GCB intends to provide personalised traditional banking experience to its customers combined with the latest banking technology and global connections.

The bank has introduced a concierge service through which its representatives can personally assist customers with all their banking needs.

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The representatives will also meet customers at their place of business or residence if they are unable to make it to the bank.

GCB chairman and CEO Ed Jones said: “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.

“Building on the momentum of this milestone, the bank is beginning the process of on-boarding new customers starting with our nearly 300 local individual investors.”

GCB offers traditional walk-in services, personal and commercial checking, cash management, payments with Zelle, online banking, mobile deposits, secured and unsecured commercial loans, consumer loans and letters of credit.

GCB president Jonathan Homeyer added: “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.

“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.”