In 2024, Texas Regional Bank established TRB Capital Markets through the acquisition of Estrada Hinojosa & Co., now the Municipal Advisory division of TRB Capital Markets. For more than 33 years, the firm has served public-sector clients as a municipal advisor and underwriter, participating in over 8,000 transactions totaling more than $738 billion.

That same year, the firm served as underwriter on $31.4 billion and as municipal advisor on $16.3 billion of municipal bond issues—a combined $47.7 billion across 427 transactions of both tax-exempt and taxable securities.

Today, TRB Capital Markets remains an industry leader in public finance, underwriting, and trading offering municipal advisory services under the Estrada Hinojosa division.

As a firm committed to promoting diversity, we actively foster an inclusive workforce. Our current team at TRB Capital Markets reflects this commitment, with a diverse composition that includes 60% Hispanic representation, 10% African American employees and 30% non-Hispanic Caucasian employees. Additionally, women comprise 43% of our staff, and we have several military veterans among our team.

We also champion diversity in the marketplace by working with a variety of minority-owned bond and underwriters’ counsel, as well other minority underwriters. Our procurement practices consistently include contracts with businesses owned by Hispanic, African American, veteran, and women entrepreneurs.

TRB Capital Markets provides Municipal Advisory and underwriting experience across a wide range of public finance sectors, helping issuers deliver essential infrastructure projects nationwide. From transportation and utilities to healthcare and education, our professionals bring deep market knowledge and proven experience supporting financing solutions that meet the needs of communities across the country.

Our success is deeply rooted in this great country we call home. Inspired by our political subdivision clients, we are committed to giving back to our community and our industry, strengthening our nation through gratitude and active contribution.

The firm is honored to recognize the dedication and service of our veterans and their families. The military has instilled in them essential business skills such as determination, resilience, integrity, and teamwork, which are crucial for success in public finance. Approximately 8% of our team at TRB Capital Markets consists of former military personnel from various branches, including the Army and Navy.

We regularly support local charities such as The Boys and Girls Club of America, Boy Scouts of America, the Dallas Foundation, Mi Escuelita Preschool- Dallas, U.S. Food Banks, and others. Furthermore, our staff actively participates in industry boards including the Municipal Advisory Council of Texas (MAC), Municipal Securities Rulemaking Board (MSRB), Securities Industry and Financial Markets Association (SIFMA), Securities Investor Protection Corporation (SPIC), Bond Dealers of America (BDA), FGFOA School of Government Finance. Women in Public Finance (including Florida and Texas Chapters), and the Federal Reserve Bank of Dallas.