Hilltop Holdings Inc (HTH)

[Enterprising Investor]

The History of PlainsCapital Corporation



A group of investors led by current PlainsCapital Corporation Chairman and CEO Alan B. White founded PlainsCapital Corporation in Lubbock, Texas, in March 1987.

The Corporation acquired Plains National Bank in Lubbock in February 1988. At the time, Plains National had $198.8 million in assets and was the fifth largest bank in Lubbock.

Over the next 11 years, Plains National’s market share and service offering grew, and it became the largest bank in Lubbock with approximately $878 million in assets.

With a solid asset base and a consistent source of deposits in Lubbock, the Corporation spent the next nine years entering new markets and expanding its service offering.

In 2000, PlainsCapital Corporation moved its headquarters to Dallas. The Bank was renamed PlainsCapital Bank in 2003.

Today, the Corporation is unique among its competitors for its diverse service offering which, in addition to banking, includes public finance advisory, investment banking and residential mortgages.

1988
The Corporation acquires Plains National Bank with $198.8 million in assets.



1999
The Corporation acquires PrimeLending, a Dallas-based mortgage company. The Bank opens its first Dallas branch.

2000
The Corporation moves its headquarters to Dallas and reaches $1 billion in assets. The Bank enters the Austin market..



2003
The Corporation reaches $2 billion in assets. The Bank changes its name to PlainsCapital Bank.

2004
The Bank enters San Antonio and Fort Worth.

2006
The Bank enters the Weatherford market.

2007
Corporation assets reach $3 billion.



2008
The Corporation acquires FirstSouthwest, a Dallas-based investment bank. The Bank enters the Arlington market.

2009
Corporation assets reach $4 billion

2010
Corporation assets reach $5 billion.

https://www.plainscapital.com/about-plainscapital/plainscapital-corporation/history-and-timeline/Pages/index.aspx