Re: Offer to Rescind Certain Stock Purchases through the Texas Capital Bancshares, Inc.'s Employee Stock Purchase PlanStock Repurchase Agreement |
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Exhibit 99.2
FORM OF LETTER TO RESCISSION OFFER RECIPIENTS
[Texas Capital Banschares, Inc. Letterhead]
October 25, 2006
[Name and Address of Offeree]
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Re: |
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Offer to Rescind Certain Stock Purchases through the Texas Capital Bancshares, Inc.’s Employee Stock Purchase Plan |
Dear :
You are receiving this letter and accompanying materials because you purchased shares of our common stock under our 2000 Employee Stock Purchase Plan on June 30, 2005. These stock sales were neither registered nor exempt from registration or qualification under applicable federal or state securities laws.
In order to address this issue, we are offering to repurchase the shares you purchased through the plan during the above period. You are not required to accept our offer. If you decide to accept our offer, you or your designated broker will need to deliver us the shares of our common stock which you have purchased through the plan in exchange for a cash payment.
If you decide to accept our offer, and you continue to hold eligible securities, your payment will be equal to the aggregate price you paid for the shares, plus interest at [___] percent (___%) per annum from the date of your purchase. The payment may be more or less than the current trading price of our common stock on the Nasdaq National
