Third Coast Bancshares, Inc..
TCBX.US | Other monetary intermediation
Third Coast Bancshares, Inc. operates as the bank holding company for Third Coast Bank SSB, which provides various banking products and services to businesses, professionals, and individuals in Texas. It offers a range of deposit products, including checking, savings, and money market accounts, as w...Show More
Better Health for All
0
No evidence available to assess Third Coast Bancshares, Inc. on Better Health for All.
Fair Money & Economic Opportunity
0
No evidence available to assess Third Coast Bancshares, Inc. on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
20
The company demonstrates strong worker engagement, with an employee rating of 4.7 out of 5 stars on Glassdoor, and 96% of employees would recommend working there.
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This is 26% above the industry average for Financial Services.
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Regarding health insurance, named executive officers are eligible for the standard health and welfare benefits program, which includes medical, dental, vision, life, accident, and disability coverage, on the same terms and conditions generally available to other employees.
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The company also offers a 401(k) plan with a 100% match up to 3% of salary deferral contributions and 50% from 3% to 5% of eligible compensation.
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The company had 383 employees as of March 31, 2025.
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No specific data on voluntary turnover rate is available, leading to an N/A score. The company has a whistleblower policy and an independent hotline, but no specific data on labor law violations or fines in the past two years is provided, resulting in a score based on the absence of reported incidents.
6
Fair Trade & Ethical Sourcing
0
Third Coast Bancshares, Inc. operates as a bank holding company, providing banking products and services.
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As a financial institution, its core business does not involve the procurement or trade of physical commodities, nor does it have a supply chain that would typically require fair-trade certifications, audits for upstream labor practices, traceability of materials, or exposure to high-risk materials. Therefore, all KPIs related to these aspects of fair trade and ethical sourcing are not applicable to its business model. The provided articles confirm that no specific data related to fair trade certifications, audit frequency, forced or child labor incidents, traceability, remediation speed, ethical clause coverage, materials risk index, or supplier diversity spend is available for the company.
2
Honest & Fair Business
-10
The company has a comprehensive whistleblower policy, effective August 2021, which applies to all directors, officers, and employees.
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It covers financial, accounting, internal control, auditing, and compliance concerns, utilizing a confidential employee hotline.
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The company prohibits retaliation for good faith reports, and no corruption-related incidents were reported through the hotline in 2021 or 2022.
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As of April 2023, 82% of the board is considered independent, and the Audit Committee consists entirely of independent directors.
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The company maintains a zero-tolerance anti-corruption and anti-bribery policy, complying with the U.S. Foreign Corrupt Practices Act, and provides anti-corruption training to all employees annually.
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An external third-party loan review team reviews up to 40% of the Bank’s loan portfolio.
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The company annually engages a third-party to review and assess technology controls and perform penetration testing for information security risks.
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Kind to Animals
0
No evidence available to assess Third Coast Bancshares, Inc. on Kind to Animals.
No War, No Weapons
0
Third Coast Bancshares, Inc. is a bank holding company providing financial services.
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Its core business activities are not related to arms manufacturing, military contracts, or conflict facilitation.
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All KPIs related to defense, arms, dual-use technology, exports, and conflict-zone activities are explicitly stated as 'Not applicable' in the provided evidence, indicating no involvement in the defense sector or related activities.
3
Planet-Friendly Business
-40
Third Coast Bancshares, Inc. has planted over 1,075 trees across approximately 1.5 acres in South Texas forests since 2022, including 360 trees in 2024 and over 370 in 2023.
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These reforestation efforts benefit wildlife in the Santa Ana and Lower Rio Grande Valley National Wildlife Refuges.
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The company states that no branches or administrative offices are located within or adjacent to any Key Biodiversity Areas (KBAs).
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Third Coast Bancshares has not reported any corruption-related incidents through its Whistleblower Hotline and holds certifications including ACC Responsible Care® 14001:2023 and ISO 9001:2015.
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The company has submitted an NSR Permit Renewal and Amendment Application for its drum and tote packaging operations, demonstrating adherence to environmental legislation.
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Management and the board plan to review the TCFD recommendations for climate-risk disclosure.
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Respect for Cultures & Communities
0
No evidence available to assess Third Coast Bancshares, Inc. on Respect for Cultures & Communities.
Safe & Smart Tech
0
The company conducts third-party penetration and vulnerability testing.
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It also discusses compliance with various US federal and state banking regulations, including CRA, Basel III, and Dodd-Frank, without detailing specific compliance issues, violations, or fines.
2
Zero Waste & Sustainable Products
0
No evidence available to assess Third Coast Bancshares, Inc. on Zero Waste & Sustainable Products.