The best performing position during the quarter was Texas Capital Bancshares (NASDAQ:TCBI) which climbed over 27 percent and added 40 basis points of performance to the Fund. The regional bank posted results that were in-line with expectations and displayed impressive growth in loans and deposits during the quarter. Prior to the performance this quarter, the company had been hindered due to its perceived reliance on the energy market (due in large part to its Texas base) and shares were under pressure as oil declined.
From the Keeley All-Cap Value Fund Second Quarter 2015 Commentary.
