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Dallas has welcomed Derric Hicks as the new CEO of the Texas Mezzanine Fund, a key player in financing small and medium-sized businesses. With over 20 years in banking, Hicks aims to improve access to capital for minority-owned businesses and underserved communities. TMF focuses on flexible financing solutions and has already backed over $120 million in loans, supporting significant economic development in low-to-moderate-income areas. Under Hicks’s leadership, the fund is poised to enhance its community impact and support the local economy.

The Texas Mezzanine Fund (TMF), a Community Development Financial Institution established in 1999, has provided over $120 million in loans to Texas-based businesses, focusing on small and medium-sized enterprises to fund growth, acquisitions, and recapitalization. Under CEO Derric Hicks, TMF emphasizes expanding access to capital for minority-owned businesses and underserved communities by offering flexible financing solutions, including adjustments to loan-to-value ratios and repayment terms, thereby turning traditional loan rejections into approvals.

First Citizens Bank is committed to empowering the financial aspirations of individuals, businesses, and organizations. We’re honored to have presented Texas Mezzanine Fund with an Equity Equivalent Investment to help small businesses and nonprofits with their community development efforts in Texas. Together, we are committed to driving impactful changes in our communities.