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.
Spanning the public finance landscape
Assured Guaranty is the leading provider of financial guaranty insurance. We guarantee timely payment of scheduled principal and interest when due on municipal, public infrastructure and structured financings. We also participate in the asset management business through our ownership interest in Sound Point Capital Management, LP and certain of its investment management affiliates.
Invest Smarter, Build Stronger with BAM-Insured Bonds.
BAM Mutual-insured bonds help investors build a better portfolio and support essential infrastructure projects.
Let our exclusive focus be your strategic advantage.
Helping government & nonprofit finance teams do their best work
DebtBook helps finance teams manage debt, cash, leases, and subscriptions with modern, cloud-based software, purpose-built for governments and nonprofits.
Powered by Human Insight
We are Fitch Ratings. An award-winning provider of credit ratings, commentary and research. In this era of volatility & technological transformation, we provide clarity and insight. Human insight, enabling our clients all over the world to make better decisions.
About Hilltop Securities Inc.
HilltopSecurities is a full-service municipal investment bank and wealth advisory firm providing a full suite of financial services for public entities, institutional investors, housing finance agencies, broker-dealers, and individual investors. Founded in 1946, its primary areas of focus include public finance, capital markets, structured finance, retail brokerage, clearing services, and securities lending. Hilltop Securities Inc.’s goal is to build long-term relationships to help communities, businesses, and individuals thrive. A wholly owned subsidiary of Hilltop Holdings Inc. (NYSE: HTH), HilltopSecurities’ affiliates include Momentum Independent Network, HilltopSecurities Asset Management, HilltopSecurities Insurance, PlainsCapital Bank, and PrimeLending. Learn more at HilltopSecurities.com. Member: NYSE/FINRA/SIPC.
Siebert Williams Shank is an independent non-bank financial services firm that offers investment banking, sales and trading, research, and advisory services. We provide customized solutions incorporating comprehensive financial advisory, capital raising and risk management guidance with the mission of delivering the highest level of value-added services to our clients.
Whether raising capital in Singapore or financing equipment in Los Angeles, hedging currencies in Frankfurt or expanding a business in Huntsville, we understand the challenges our clients face around the world. We combine local knowledge and global perspective to tailor solutions to meet clients’ goals. We are the largest U.S. commercial and industrial lender. And we have one of the top market-making and investment banking platforms.
Jackson Walker’s public finance team brings over 160 years of collective experience, representing clients in transactions exceeding $200 billion. As part of Texas’s largest firm, our attorneys serve as bond counsel, underwriter’s counsel, disclosure counsel, and more, with recognition from Chambers USA and Best Lawyers and leadership in national bond organizations.
Client-focused investment banking, brokerage and advisory services
Paving the way in public finance
At Morgan Stanley, clients come first. We help individuals, families, institutions and governments raise, manage and distribute the capital they need to achieve their goals
Muni Technology Partner
For Issuers, Banks, Advisors, and Asset Managers
Orrick is a global law firm serving the technology, energy, infrastructure, finance, and life sciences sectors across 25+ markets worldwide. The firm has built a leading public finance practice over the past century, ranked Band 1 by Chambers USA. Orrick advises on municipal debt transactions in 44 states, consistently holding the No. 1 ranking for bond and disclosure counsel by financing volume for three decades. Its Texas public finance group includes 13 seasoned lawyers in Austin and Houston, with former Assistant Attorneys General and an ex–IRS attorney-advisor specializing in tax‑exempt bonds.
With you all the way
Intelligent financial advice and creative consultation require attention and partnership to flourish. This is why PFM forges a close working relationship with each of our clients, ensuring our efforts to empower, mobilize and educate today help to yield sustainable outcomes tomorrow.
Built on the guiding principles of deep relationships, innovative ideas and superior execution, Raymond James consistently ranks among the top 10 senior managing underwriters of U.S. municipal bonds. Our veteran bankers and aggressive underwriters work with municipal and not-for-profit issuers nationwide to find customized, comprehensive solutions for their next project.
Regions Financial Corporation (NYSE:RF), with $159 billion in assets, is a member of the S&P 500 Index, is among the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services, and operates approximately 1,250 banking offices and over 1,750 ATMs. Equal Housing Lender, Member FDIC. www.regions.com.
S&P Global Ratings, a division of S&P Global Inc. (NYSE: SPGI), is a leader in providing credit ratings insight for the public and not-for-profit sectors. Our public finance analysts provide a deep understanding of markets with sector-specific experience. Learn how our perspective can help you make better-informed financing decisions. Visit spglobal.com/uspublicfinance
Truist One Checking
No overdraft fees. Practical perks. Automatic upgrades.
Our Experience Is Your Advantage
At Wilmington Trust, we’ve been successfully navigating the complexities of corporate transactions and significant wealth for more than a century. Let our deep experience and strong industry knowledge help you on your journey.
Adaje is the only software platform designed to streamline the entire bond issuance lifecycle: from structuring ideas to marketing to post-issuance management and disclosure. Built for issuers, bankers, advisors, and investors. Adaje eliminates data entry, automates analysis and monitoring, connects market participants, and simplifies access to your data.
As a global financial services company, we oversee more than
$55.8 trillion* in assets for our clients – managing it, moving it and keeping it safe.
For over 240 years, we have been creating new solutions that benefit businesses, communities and people everywhere.
No matter what the future brings, we’ll be ready and we’ll be working. Making money work for the world.
Expect more from a financial services partner
For more than a century, our organization has fueled the success of consumers, businesses and wealth clients alike. As part of an organization that spans the American Midwest and Southwest, we’re able to deliver the kind of insights and expertise you might not expect from someone so close to home. And, with our focus on building long-term relationships and commitment to investing in our communities, you can grow right along with us.
Bancroft Capital is a Certified Service-Disabled Veteran-Owned Small Business (SDVOSB) specializing in Institutional Brokerage and Capital Markets services. Bancroft is founded upon a commitment to service – service to our clients, service to our country, and service to our veterans who have sacrificed on our behalf.
Bracewell’s public finance team works with all types of public and private entities and understands the complexities inherent in providing bond, disclosure and tax counsel to issuers, underwriters, trustees, third-party credit providers and borrowers. Our experience spans traditional and highly structured financings for virtually every type of governmental entity.
A premier national institutional investment banking and full service brokerage firm.
Computershare is a market leader with decades of experience providing trustee and agency services that meet client needs in corporate and structured finance, debt issuance, and M&A.
For more than 120 years, Hunton has served clients across the globe with a collaborative and purposeful approach. With offices strategically located in the United States and around the world, the firm is known for its strength in the energy, financial services, real estate, retail and consumer products, and technology industries, as well as its considerable depth across numerous practice areas. Hunton fosters a strong culture built upon an unwavering commitment to its clients, colleagues, and communities.
KBRA is a global, full-service credit rating agency committed to setting a higher standard of excellence, integrity, and transparency in credit analysis. Founded in 2010, KBRA provides rigorous credit opinions, ratings, research, and risk assessments across a broad range of asset classes, supported by clearly articulated methodologies and timely insight. With extensive coverage across the U.S., UK, Europe, and APAC, KBRA delivers an independent credit rating perspective informed by in-depth regional expertise. In addition to ratings, KBRA Analytics provides high-quality data, toolsets and platforms with actionable research designed to support informed investment and risk management decisions. KBRA’s culture emphasizes collaboration, diversity of thought, and innovation, reflecting our belief that thorough analysis, transparent communication, and fresh perspectives remain fundamental as global capital markets continue to evolve.
Masterson Advisors exists to strengthen communities and develop tomorrow’s leaders.
Our in depth experience enables us to equip clients with municipal financing knowledge, analytical support and the confidence to face rating agencies and Wall Street underwriters on equal footing.
We serve our clients with the unwavering principles of integrity, humility, collaboration and excellence. From our Partners to our Analysts, every member of our team is responsible for upholding these principles and fostering a culture of mutual respect, service, and life-long learning.
Norton Rose Fulbright is a global law firm. We provide the world’s preeminent corporations and financial institutions with a full business law service.
Oppenheimer is a global financial institution offering Wealth Management, Capital Markets, and Investment Banking solutions. We have been providing customized strategies centered on the goals of our clients since 1881 — using our extensive experience, resources, research, and knowledge to help advance society, improve our communities, and leave the world a better place.
Serving Clients in the Public and Nonprofit Sectors
We are an innovative, trusted partner to our clients with in-depth expertise in capital markets, banking and finance.
Stern Brothers is a 100% woman-owned investment bank and broker-dealer focused on providing creative capital markets solutions to meet the needs of our municipal issuer clients. Stern’s experienced professionals support issuers across Texas and nationwide to champion impactful solutions – one relationship, one deal, one community at a time.
A Leader in Capital Markets and Banking
U.S. Bank is a valued service provider for a broad range of corporate and municipal financings in addition to a wide variety of escrow services. Their experienced professionals understand the complexities of these transactions and use their expertise and the latest technology available to exceed each customers individual needs and fulfill their expectations for timeliness and accuracy. Experience their support services and make U.S. Bank your provider of choice.
Western Alliance Trust Company, N.A., delivers corporate trust services and administration solutions to a wide variety of municipal bond issuers. Offering competitive investment options for deposits, we administer taxable and tax-exempt transactions, including: revenue bonds, certificates of participation, variable rate demand bonds, commercial paper, lease revenue bonds and project finance.
American Veterans Group PBC, Wall Street’s first and only Public Benefit Corporation, provides capital market services to corporate and municipal clients while driving measurable social impact. For clients seeking more than a check-the-box approach, we offer a dynamic, results-driven alternative—one that aligns financial success with a commitment to lasting impact. SOCIAL IMPACT-FOCUSED. DISABLED-VETERAN LED.
Argent Institutional Trust Company provides traditional trustee and paying agent, escrow, custody, and loan/collateral agency services for public finance bond issues, pension and retirement funds, P3s, municipal leasing, loan pools, and default/workout. As an independent trust company, we focus on our clients and delivering solutions to meet their needs.
Baker Tilly’s Public Sector and Not-For-Profit team support governments, utilities, schools, nonprofits and tribal communities with financial planning, accounting, human capital, efficiency and risk management expertise. Its affiliate, Baker Tilly Municipal Advisors, LLC, a registered municipal advisor, assists clients with public finance, compliance and capital and infrastructure planning.
At Basefund, we are pioneering the future of capital markets.
Founded in 2015, our mission has been to transform how transactions are secured, executed, and managed across industries.
The name Basefund represents our core principles:
“BASE” represents our vision to be both a banking and securities exchange foundation
“FUND” signifies the essential role of capital in budgeting, financing, and spending
Today, Basefund is the first-of-its-kind secure transaction platform, purpose-built to serve as the secure layer and stack for banks, corporations, and institutions that facilitate transactions to fund the world around us.
With a leadership team bringing over 50 years of capital markets expertise, we understand the intricate needs of municipal finance, corporate transactions, and banking infrastructure. Our platform is designed to provide the ultimate foundation for B2B transactions, ensuring security, efficiency, and trust at every step.
Basefund is not just shaping the capital markets—we’re securing them.
We have an ambitious goal at FHN Financial — to be the world’s finest fixed income distribution company for institutional investors. We know only one way to accomplish this objective — act with integrity, maintain a strong work ethic, and, most importantly, always deliver what we promise.
Huntington Bancshares Incorporated (“HBI”) is a publicly traded bank holding company that provides diversified banking services through approximately 27,200 team members. HBI is a top 10 US bank with assets of $276 billion and deposits of $220 billion. HBI conducts its municipal securities underwriting business through Huntington Securities, Inc. dba Huntington Capital Markets (“Huntington”). Huntington’s municipal bond department provides banking, sales and trading, and underwriting services to state and local governmental and not-for-profit entities nationwide.
Powered by The Bond Buyer’s Municipal Marketplace® or The Red Book.
Subscribe to the Municipal Marketplace Online, the most comprehensive, authoritative, qualified & up-to-date source of information serving the sell side of the municipal bond industry. With more than 11,000 municipal bond professionals, 850 firms, 2,000 Municipal Issuers, and more than 2,800 offices overall, this exclusive service will connect you to the companies, information and decision-makers you need to expand and grow your business.
For over 75 years, UMB’s Corporate Trust and Escrow Services has been a nationally recognized and ranked provider of bond trustee and agency services to the corporate and municipal marketplaces. For more information visit umb.com/corporatetrust.
Wells Fargo helps strengthen communities through inclusion, economic empowerment, and sustainability.
WireSafe is a software security platform that protects financial wire transfer instructions from cyber threats. Trusted by banks, financial institutions, businesses, and government agencies, WireSafe safeguards against sophisticated fraud attempts to alter wire instructions for the transfer of funds at closing.