Texas Capital Bank announced it will relocate to a new campus in Richardson in late 2023.

Texas Capital Bank’s parent company, Texas Capital Bancshares, Inc., signed a 15-year lease term with Blue Cross and Blue Shield of Texas to create a campus at 1001 E. Lookout Dr. in Richardson. As a continuation of the Bank’s overarching strategy, the decision to move and consolidate its real estate portfolio reflects its commitment to serving the best clients by having a presence in key market locations.

“As we aim to be the employer of choice for people interested in growing their careers in financial services and technology, this workspace allows us to provide top-of-the-line accommodations for our hardworking and talented teams,” Texas Capital Bank Executive Vice President John Cummings said in a statement. “We are very much looking forward to establishing this as our North Dallas Campus and truly appreciate the partnership of Blue Cross and Blue Shield of Texas.”

Texas Capital Bank is a full-service financial services firm that was founded in 1998. According to a press release, the new offices will give Texas Capital Bank the space and ability to run its technology and operations teams.

“We are delighted to welcome Texas Capital Bank as a long-term tenant to our Richardson office,” BCBSTX President James Springfield said in a statement. “This agreement is about optimizing our resources and being a fully integrated part of the growing business community in Richardson and across the state.”

The 1-million-square-foot campus opened in 2010. The site encompasses two buildings, a multistory parking garage, a 15-room conference center and a 300-seat auditorium.

Texas Capital Bank has begun the design and programming planning for the campus, which is expected to open by the fourth quarter of 2023.

“It is of the utmost importance for Texas Capital Bank to provide premium office spaces for our growing population of employees,” Texas Capital Bank Executive Vice President Catherine Zalatoris said in a statement. “Our new real estate footprint in Richardson will allow for an improved employee and client experience.”