PlainsCapital Bank
 | |
| Type | Public |
|---|---|
| NYSE: HTH | |
| Industry | Banking |
| Founded | 1988 in Lubbock, Texas, US |
| Headquarters | Dallas, Texas , United States |
Key people | Jeremy B. Ford (Chairman & CEO), Brian L. Heflin (President) |
| Total assets | $12.4 Billion[1] |
Number of employees | 1,050 |
| Website | www |
PlainsCapital Bank, a subsidiary of Hilltop Holdings Inc., is one of the largest independent banks in Texas with approximately $12.4 billion in assets. [2] PlainsCapital operates 55 branches in Austin, Corpus Christi, Dallas, Fort Worth, Houston, Lubbock, San Antonio and the Rio Grande Valley.[3] The bank, which is led by Chairman and CEO Jeremy B. Ford, employs about 1,050 people.
History
[edit]The 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]
- 2018 – The bank’s parent company, Hilltop Holdings, acquires Houston-based The Bank of River Oaks.[12]
- 2024 – Jeremy B. Ford is named CEO of PlainsCapital Bank, and Brian Heflin is named President.
Services
[edit]PlainsCapital 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]- ↑ https://cdr.ffiec.gov/Public/ViewFacsimileDirect.aspx?ds=call&idType=fdiccert&id=17491&date=06302025 Consolidated Reports of Condition and Income". cdr.ffiec.gov/.30 June 2025
- ↑ https://cdr.ffiec.gov/Public/ViewFacsimileDirect.aspx?ds=call&idType=fdiccert&id=17491&date=06302025 Consolidated Reports of Condition and Income". cdr.ffiec.gov/.30 June 2025
- ↑ “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 Inc. Completes Acquisition of The Bank of River Oaks". MarketWatch. 1 August 2018.