PlainsCapital Bank
| Company type | Division |
|---|---|
| Industry | Banking, financial services |
| Founded | 1988 in Lubbock, Texas, United States |
| Founder | Alan B. White |
| Headquarters | Dallas , United States |
Area served | Texas |
Key people | Jerry Schaffner (CEO) |
| Products | Commercial banking, consumer banking, treasury management, private banking, trust and wealth management |
Number of employees | 1,200 |
| Parent | Hilltop Holdings Inc. |
PlainsCapital Bank, a division of Hilltop Holdings Inc., stands as one of the largest independent banking institutions in Texas, managing assets close to $11.8 billion. The bank maintains a network of more than 60 branches situated in prominent Texas cities such as Austin, Corpus Christi, Dallas, Fort Worth, Houston, Lubbock, San Antonio, and the Rio Grande Valley. Under the leadership of CEO Jerry Schaffner, PlainsCapital employs roughly 1,200 professionals.
History
Established in 1988 in Lubbock, Texas, Plains National Bank was founded by Alan B. White, who served as chairman and CEO. The bank expanded its operations to Dallas in 1999 and acquired PrimeLending, a residential mortgage lender based in Dallas. Throughout the 2000s, it broadened its footprint across major Texan markets. In 2003, the institution adopted the name PlainsCapital Bank.
Today, PlainsCapital Bank functions as a subsidiary under Hilltop Holdings, with PrimeLending as its key subsidiary.
Timeline
- 1988 – Acquisition of Plains National Bank in Lubbock by PlainsCapital Corporation.
- 2003 – Renaming of Plains National Bank to PlainsCapital Bank.
- 2012 – Integration with Hilltop Holdings Inc., a financial services holding company headquartered in Dallas.
- 2013 – Purchase of First National Bank of Edinburg via an FDIC-assisted deal.
- 2015 – Merger between Hilltop Holdings and SWS Group; Southwest Securities, FSB becomes part of PlainsCapital Bank.
- 2016 – Alan B. White appointed Co-CEO of Hilltop Holdings alongside Jeremy B. Ford.
- 2018 – Acquisition of The Bank of River Oaks, based in Houston, by Hilltop Holdings.
Services
Operating throughout Texas, PlainsCapital Bank offers both commercial and consumer banking solutions. As a member of the FDIC and an Equal Housing Lender, its portfolio includes:
- Commercial banking and lending services
- Treasury management solutions
- Banking services tailored for small businesses
- Private banking offerings
- Trust and wealth management services
- Consumer banking products