What happened: Banks and financial institutions are rapidly expanding their presence in Texas, attracted by low taxes, business-friendly regulations and a lower cost of living.

Tell me more: Financial firms are building large campuses, regional offices and headquarters in the Dallas-Fort Worth area, bringing thousands of jobs and modern amenities to the region.

• This growth reflects a broader trend of major financial institutions moving operations away from traditional hubs like New York and Chicago.

TLR Thoughts: Texas’s growing financial sector shows how states can attract investment by fostering a competitive, business-friendly environment. During the 2025 Texas Legislative Session, Governor Greg Abbott signed into law a series of pro-growth business legislation aimed at keeping Texas the reining and repeating champion for doing business in the US. Among the meaningful reforms enacted was TLR-supported Senate Bill 29, which ensures that Texas courts will not second-guess corporate boards and limits the ability of lawyers to pursue abusive shareholder derivative actions.

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