PlainsCapital Bank, a subsidiary of Hilltop Holdings Inc., is one of the largest independent banks in Texas with approximately $11.8 billion in assets.[1] PlainsCapital operates more than 60 branches in Austin, Corpus Christi, Dallas, Fort Worth, Houston, Lubbock, San Antonio and the Rio Grande Valley.[3] The bank, which is led by CEO Jerry Schaffner, employs about 1,200 people.
 | |
| Company type | Public |
|---|---|
| NYSE: HTH | |
| Industry | Banking |
| Founded | 1988 in Lubbock, Texas, US |
| Headquarters | Dallas, Texas , United States |
Key people | Jeremy B. Ford (Chairman), Jerry L. Schaffner (President and CEO), Brian L. Heflin (Chief Operating Officer) |
| Total assets | $11 Billion[1][2] |
Number of employees | 1,200 |
| Website | www |
History
editThe bank was founded as Plains National Bank by Alan B. White, former chairman and CEO,[4] in 1988 in Lubbock, Texas USA. In 1999, it expanded with a branch in Dallas, and acquired Dallas-based residential mortgage lender PrimeLending. The bank added branches in other major Texas markets throughout the 2000s. In 2003, the bank changed its name to PlainsCapital Bank.[5]
Today, PlainsCapital Bank operates as a subsidiary of Hilltop Holdings, with PrimeLending as its main subsidiary.
Timeline
edit- 1988 – PlainsCapital Corporation acquires Plains National Bank in Lubbock.[6]
- 2003 – Plains National Bank undergoes name change to PlainsCapital Bank.[7]
- 2012 – The bank merges with Hilltop Holdings Inc., a Dallas-based financial services holding company.[8]
- 2013 – The bank acquires First National Bank of Edinburg with an FDIC-assisted transaction.[9]
- 2015 – The bank’s parent company, Hilltop Holdings, enters into a merger agreement with SWS Group. SWS's banking subsidiary – Southwest Securities, FSB – becomes a part of the bank.[10][11]
- 2016 – PlainsCapital Chairman Alan B. White is named Co-Chief Executive Officer of Hilltop Holdings with Jeremy B. Ford.[12]
- 2018 – The bank’s parent company, Hilltop Holdings, acquires Houston-based The Bank of River Oaks.[13]
Services
editPlainsCapital Bank conducts commercial and consumer banking in the state of Texas. The bank is a member of the Federal Deposit Insurance Corporation (FDIC) and states it is an Equal Housing Lender. The bank offers:
- Commercial lending and other commercial banking services
- Treasury management
- Small business banking
- Private banking
- Trust and wealth management services
- Consumer banking
References
edit- ^ a b "Top 100 Banks in Texas by Asset Size*" (PDF). dob.texas.gov/. 31 March 2020.
- ^ “About Us: Our Story,” Public website of PlainsCapital Bank
- ^ “About Us: Our Story,” Public website of PlainsCapital Bank
- ^ "Hilltop Holdings Inc. Announces Retirement of Co-CEO and Vice Chairman Alan B. White". Yahoo! Finance. 22 February 2019.
- ^ “About Us: Our Story,” Public website of PlainsCapital Bank
- ^ “About Us: Our Story,” Public website of PlainsCapital Bank
- ^ “About Us: Our Story,” Public website of PlainsCapital Bank
- ^ Stewart, Jackie (May 10, 2012). "Group Led by Gerald Ford to Buy PlainsCapital in Texas for $520 Million." American Banker. SourceMedia. ISSN 0002-7561.
- ^ "PlainsCapital takes over failed bank's assets to increase Texas footprint". Dallas Morning News. 16 September 2013.
- ^ Kezar, Korri (January 2, 2015). "Hilltop Holdings completes acquisition of SWS Group in merger valued at $350M." Dallas Business Journal. American City Business Journals. Retrieved January 3, 2017.
- ^ Cho, Hanah (April 2014). "Hilltop Holdings to acquire SWS Group in stock-and-cash deal." The Dallas Morning News. A. H. Belo. Retrieved January 3, 2017.
- ^ "Hilltop Holdings Appoints Jeremy Ford and Alan White as Co-CEOs." Manufacturing Close-Up. September 20, 2016.
- ^ "Hilltop Holdings Inc. Completes Acquisition of The Bank of River Oaks". MarketWatch. 1 August 2018.