Replies to post #39 on 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

[Enterprising Investor]

Hilltop Holdings Inc. and PlainsCapital Corporation Announce Regulatory Approval of Planned Acquisition (11/13/12)

Closing of acquisition expected November 30, 2012

DALLAS--(BUSINESS WIRE)--Hilltop Holdings Inc. (NYSE: HTH), a Dallas-based holding company, and Dallas-based PlainsCapital Corporation, the financial services holding company for PlainsCapital Bank, PrimeLending, and FirstSouthwest, today jointly announced the receipt of regulatory approval from federal regulators to proceed with Hilltop’s acquisition of PlainsCapital Corporation. Hilltop also received approval to become a financial holding company upon consummation of the transaction.

The companies expect the acquisition to close on or about Nov. 30, 2012. Once completed, PlainsCapital Corporation will be a wholly owned subsidiary of Hilltop.

Stephens Inc. served as financial advisor to Hilltop, and Wachtell, Lipton, Rosen & Katz served as legal advisor. JPMorgan Securities LLC served as financial advisor to PlainsCapital Corporation, and Sullivan & Cromwell and Haynes & Boone served as legal advisors.

About Hilltop Holdings Inc.

Hilltop is a holding company that is endeavoring to make acquisitions and effect a business combination. As of September 30, 2012, Hilltop had approximately $524 million aggregate available cash that may be used for this purpose. Hilltop also provides fire and homeowners insurance to low value dwellings and manufactured homes primarily in Texas and other areas of the south through its wholly owned property and casualty insurance subsidiary, NLASCO, Inc.

About PlainsCapital Corporation

Founded in 1987, PlainsCapital Corporation is a Texas bank holding company and diversified financial services company headquartered in Dallas with more than $6.0 billion in assets, 3,400 employees and 330 locations in 40 states as of September 30, 2012. By providing responsive, highly personalized service, PlainsCapital builds enduring client relationships with middle market businesses, high net worth individuals, public sector entities, institutional investors, broker-dealers, investment advisors, and community banks through its family of companies: PlainsCapital Bank, FirstSouthwest, and PrimeLending.

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Hilltop’s actual results, performance or achievements to be materially different from any expected future results, performance, or achievements. Forward-looking statements speak only as of the date they are made and, except as required by law, Hilltop does not assume any duty to update forward-looking statements. Such forward-looking statements include, but are not limited to, statements about the business combination transaction involving Hilltop and PlainsCapital, including future financial and operating results, the combined company’s plans, objectives, expectations and intentions and other statements that are not historical facts. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: (i) the risk that the transaction will not be consummated or that the benefits from the transaction may not be fully realized or may take longer to realize than expected, including as a result of changes in general economic and market conditions, interest and exchange rates, monetary policy, laws and regulations and their enforcement, and the degree of competition in the geographic and business areas in which Hilltop and PlainsCapital operate; (ii) the ability to promptly and effectively integrate the businesses of Hilltop and PlainsCapital; (iii) the reaction of the companies’ customers, employees and counterparties to the transaction; and (iv) diversion of management time on merger-related issues. For more information, see the risk factors described in the registration statement on Form S-4 filed by Hilltop and each of Hilltop’s and PlainsCapital’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission (the “SEC”).

ADDITIONAL INFORMATION

In connection with the proposed transaction, Hilltop filed with the SEC a registration statement on Form S-4 that includes a joint proxy statement of Hilltop and PlainsCapital that also constitutes a prospectus of Hilltop. Hilltop and PlainsCapital also filed other relevant documents with the SEC regarding the proposed transaction. INVESTORS ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC BECAUSE THEY CONTAIN IMPORTANT INFORMATION. You may obtain a free copy of the joint proxy statement/prospectus and other relevant documents filed by Hilltop and PlainsCapital with the SEC at the SEC’s website at www.sec.gov. Copies of the documents filed by Hilltop with the SEC will be available free of charge on Hilltop’s website at www.hilltop-holdings.com or by contacting Hilltop Investor Relations at 214-855-2177. Copies of the documents filed by PlainsCapital with the SEC will be available free of charge on PlainsCapital’s website at www.plainscapital.com or by contacting PlainsCapital Investor Relations at 214-252-4155.

Contacts

Hilltop Holdings Inc.
Jeremy Ford, 214-855-2177
or
PlainsCapital Corporation
Carol Towne, 214-252-4142

http://www.businesswire.com/news/home/20121113006796/en/Hilltop-Holdings-PlainsCapital-Corporation-Announce-Regulatory-Approval