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01/27/2020

American Airlines Offers Customers New Way to Earn Miles Through Bask Bank

Customers earn AAdvantage miles when saving through all-digital Bask Bank

FORT WORTH, Texas — American Airlines offers customers the opportunity to earn miles by opening a savings account through a collaboration with Bask Bank, a unique all-digital bank by Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank. In lieu of interest, customers can earn AAdvantage® miles at a rate of one mile for every dollar saved.

This unique collaboration empowers savers and gives AAdvantage members a new way to earn miles toward their next adventure. Miles earned may be redeemed for flights, hotels, car rentals and more.

“We take pride in creating opportunities for AAdvantage members to earn miles through a variety of activities,” said Bridget Blaise-Shamai, President of the AAdvantage program and Vice President of Customer Loyalty and Insights for American. “Collaborating with Bask Bank gives our customers a new way to easily earn miles toward their travel dreams while tracking toward their financial goals.”

Bask Bank rewards savers with miles instead of interest, enhancing customer saving potential and providing choice, value and the opportunity to experience travel and more through the AAdvantage program. Savings accounts with Bask Bank have no fees or minimum balances, and offer potential to earn unlimited miles.

“It’s a bold new platform — a stronger option for savers who aren’t getting much out of a traditional savings account. Bask Bank helps you enjoy more of life’s experiences today, while still saving for the future,” said Matt Quale, President of Bask Bank.

Bask Bank will also offer several ways to earn AAdvantage bonus miles, including an account opening bonus of 5,000 AAdvantage miles and a variety of balance bonuses. Miles are accrued daily and awarded based on average monthly balances. For more information, visit BaskBank.com.

About American Airlines Group
American Airlines offers customers 6,800 daily flights to more than 365 destinations in 61 countries from its hubs in Charlotte, Chicago, Dallas-Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, D.C. With a shared purpose of caring for people on life's journey, American's 130,000 global team members serve more than 200 million customers annually. Since 2013, American has invested more than $28 billion in its product and people and now flies the youngest fleet among U.S. network carriers, equipped with industry-leading high-speed Wi-Fi, lie-flat seats, and more inflight entertainment and access to power. American also has enhanced food and beverage options in the air and on the ground in its world-class Admirals Club and Flagship lounges. American was recently named a Five Star Global Airline by the Airline Passenger Experience Association and Airline of the Year by Air Transport World. American is a founding member of oneworld®, whose members serve 1,100 destinations in 180 countries and territories. Shares of American Airlines Group Inc. trade on Nasdaq under the ticker symbol AAL and the company's stock is included in the S&P 500. Learn more about what's happening at American by visiting news.aa.com and connect with American on Twitter @AmericanAir and at Facebook.com/AmericanAirlines.

About Texas Capital Bancshares, Inc.
Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 1000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank, N.A. a commercial bank that delivers highly personalized financial services to businesses and entrepreneurs. Headquartered in Dallas, the bank has full-service locations in Austin, Dallas, Fort Worth, Houston, and San Antonio. More information at www.texascapitalbank.com. Member FDIC.

About Bask Bank
Bask Bank is a digital bank that rewards savers with American Airlines AAdvantage® miles. Unlike traditional banks, Bask Bank awards one AAdvantage® mile for every dollar saved, allowing customers to grow travel rewards along with savings. Along with its parent company, Texas Capital Bank, Bask Bank is committed to building strategic relationships and providing service that exceeds expectations. Bask Bank is a division of Texas Capital Bank, an established FDIC-insured bank headquartered in Dallas. For more information please visit www.baskbank.com.

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