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Helping clients finance America’s infrastructure for 32 years.

Since 1992, Estrada Hinojosa has been providing clients with creative finance solutions to make their goals into realities.

Estrada Hinojosa is a leader in providing
municipal advisory and bond underwriting services
TRANSACTIONS IN 2022
400

Totaling $35.9 billion

TOP FINANCIAL ADVISORS - First Quarter of 2023
1 rd

Across the Nation

TRANSACTIONS AS MUNICIPAL ADVISOR & UNDERWRITER
7000 +

Since inception

Our Company

Effective August 2, 2024, Texas State Bankshares, Inc., the registered bank holding company for Texas Regional Bank (collectively, “TRB”). completed its acquisition of Estrada Hinojosa & Company, Inc. Going forward the firm will operate under TRB Capital Markets, LLC, a wholly owned subsidiary of Texas Regional Bank, using the assumed name of “Estrada Hinojosa.” TRB’s acquisition of the firm will add over 50 individuals to the TRB team with offices in Dallas, Houston, San Antonio, Austin, Edinburg, Miami, Chicago, Denver, and New York City. Noe Hinojosa Jr., former founder and CEO of Estrada Hinojosa & Company, Inc. will serve as President-Municipal Capital Markets Division of TRB Capital Markets and a member of the Texas Regional Bank Board of Directors. Mr. Hinojosa shared a statement about the significance of the acquisition, “This partnership will enhance our capacity and competitive position in the state of Texas and beyond. It will help continue transforming the many clients and communities we serve.” 

Estrada Hinojosa is an industry leader in public finance offering municipal advisory services, bond underwriting, and bond trading. Since its inception in 1992, the firm has completed over 2,600 municipal advisory transactions with a total par value exceeding $207 billion and more than 4,900 underwriting transactions with a total par value of over $486 billion. Our expertise has supported numerous issuers in the development of essential infrastructure, including airports, city halls, colleges, county courthouses, marine ports, schools, tool roads, universities, and water systems, among other projects. 

For information on Texas Regional Bank, please visit their website.  Texas Regional Bank – Banking, Mortgage, Wealth Management (trb.bank) 

company

Recent Municipal Advisory Success Stories

$ 185.040 MILLION
Houston Independent
School District

Limited Tax Refunding Bonds, 

Series 2023A (PSF)

Variable Rate Limited Tax Refunding Bonds, Series 2023C (PSF)

 

 

 

 

 

FINANCIAL ADVISOR
$ 1.224 BILLION
State of Connecticut

Special Tax Obligation Bonds Transportation Infrastructure Purposes, 2023 Series A

Special Tax Obligation Refunding Bonds Transportation Infrastructure Purposes, 2023 Series B

FINANCIAL ADVISOR
$ 551.460 MILLION
Dallas Independent School District

 

 

 

 

Unlimited Tax School Building and Refunding Bonds,

Series 2023

 

 

 

 

 

 

 

FINANCIAL ADVISOR
$ 1.491 BILLION
Louisiana Local Government Environmental Facilities and Community Development Authority

 

 

 

 

System Restoration Bonds

(Louisiana Utilities Restoration Corporation Project/ELL),

Series 2023

(Federally Taxable)

 

 

 

 

FINANCIAL ADVISOR
$ 667.185 MILLION*
Texas Natural Gas Securitization Finance Corporation

Customer Rate Relief Bonds

(Winter Storm Uri),

Taxable Series 2023

 

 

FINANCIAL ADVISOR

Recent Underwriting Engagements

$245.890 MILLION
Judson Independent School District

Unlimited Tax School Building Bonds, Series 2024 (PSF)

SENIOR UNDERWRITER
$ 534.810 MILLION
Dormitory Authority of the
State of New York

State Personal Income Tax Revenue Bonds (General Purpose), 

Series 2023A (Tax-Exempt)



State Personal Income Tax Revenue Bonds (General Purpose), 

Series 2023B (Federally Taxable)


UNDERWRITER
$ 23.305 MILLION
City of Beaumont, Texas

 

 

 

Waterworks and Sewer System Revenue Bonds, Series 2023



SENIOR UNDERWRITER
$ 509.655 MILLION
Board of Education of the
City of Chicago, Illinois

 

 

 

Dedicated

Capital Improvement Tax Bonds,

Series 2023



UNDERWRITER
$617.665 MILLION
Massachusetts Bay
Transportation Authority

Senior Sales Tax Bonds, 

2023 Series A Subseries A-1

 

 

Senior Sales Tax Bonds, 

2023 Series A Subseries A-2 (Sustainability Bonds)

UNDERWRITER

Diversity

As a firm committed to promoting diversity, we actively foster an inclusive workforce. Our current team at Estrada Hinojosa reflects this commitment, with a diverse composition that includes 60% Hispanic representation, 10% African American employees and 30% non-Hispanic Caucasian employees. Additionally, women comprise 43% of our staff, and we have several military veterans among our team. 

We also champion diversity in the marketplace by working with a variety of minority-owned bond and underwriters’ counsel, as well other minority underwriters. Our procurement practices consistently include ingoing contracts with businesses owned by Hispanic, African American, veteran, and women entrepreneurs. 

community

In the Community

Our success is deeply rooted in this great country we call home. Inspired by our political subdivision clients, we are committed to giving back to our community and our industry, strengthening our nation through gratitude and active contribution. 

The Firm is honored to recognize the dedication and service of our veterans and their families. The military has instilled in them essential business skills such as determination, resilience, integrity, and teamwork, which are crucial for success in public finance. Approximately 8% of our team at Estrada Hinojosa consists of former military personnel from various branches, including the Army and Navy. 

We regularly support local charities such as The Boys and Girls Club of America, Boy Scouts of America, the Dallas Foundation, Mi Escuelita Preschool- Dallas, U.S. Food Banks, and others. Furthermore, our staff actively participates in industry boards including the Municipal Advisory Council of Texas (MAC), Municipal Securities Rulemaking Board (MSRB), Securities Industry and Financial Markets Association (SIFMA), Securities Investor Protection Corporation (SPIC), Bond Dealers of America (BDA), FGFOA School of Government Finance. Women in Public Finance (including Florida and Texas Chapters), and the Federal Reserve Bank of Dallas. 

Recognition

We are proud to have been a part of numerous Bond Buyer Deal of the Year awards

2013

DFW Airport

2016

Texas Water Development Board SWIRFT

2016

Texas Water Development Board SWIRFT

2018

City and County of Denver

Texas Water Development Board SWIRFT

2019

DFW Airport

2020

DFW Airport

City Buckeye Tobacco Settlement Financing Authority

Leadership

A Message from the CEO

When you choose Estrada Hinojosa, you get the advantage of a seasoned team of experts. Many of our professionals have sat on “both sides of the table,” with extensive past experience in city management and school district administration.

We invite you to review our professional profiles. As individuals, and as a team, we are dedicated to providing you guidance and support when serving as municipal advisor or selling your bonds when serving as underwriter. In either case, you can count on us.

NOÉ HINOJOSA, JR.
President
Dallas
Senior Managing Director
Head of Capital Markets and Municipal Underwriting