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
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
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
^Stewart, Jackie (May 10, 2012). "Group Led by Gerald Ford to Buy PlainsCapital in Texas for $520 Million." American Banker. SourceMedia. ISSN0002-7561.
^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.
