Plainscapital corporation
Encyclopedia
About PlainsCapital Corporation
Headquartered in Dallas, PlainsCapital Corporation is one of the largest independent financial institutions in the U.S. with 300 locations in 39 states and over 3,100 employees. PlainsCapital was founded by current Chairman and CEO Alan B. White and a group of investors in 1987.The PlainsCapital Corporation family of companies includes: PlainsCapital Bank
PlainsCapital Bank
-About PlainsCapital Bank:PlainsCapital Bank, a subsidiary of PlainsCapital Corporation, is one of the largest independent banks in Texas with approximately $5.2 billion in assets. PlainsCapital operates 34 branches in Arlington, Austin, Dallas, Fort Worth, Lubbock, San Antonio and Weatherford...
with more than $5.3 billion in assets as of June 30, 2011; FirstSouthwest, public finance advisory firm and investment bank with locations across the U.S.; national mortgage company PrimeLending; and Hester Capital Management, an Austin-based asset management firm. Find more information at plainscapital.com.
History
Shortly after establishing PlainsCapital Corporation in Lubbock, TexasLubbock, Texas
Lubbock is a city in and the county seat of Lubbock County, Texas, United States. The city is located in the northwestern part of the state, a region known historically as the Llano Estacado, and the home of Texas Tech University and Lubbock Christian University...
, in 1987, a group of investors led by Alan B. White purchased Plains National Bank in Lubbock in 1988. The bank (later renamed PlainsCapital Bank), with $174 million in assets, was the start of White’s much larger vision to create an independent statewide banking organization that offered a diverse portfolio of financial services and was highly responsive to customer needs.
In 1999, PlainsCapital Bank opened its first Dallas branch in the affluent Turtle Creek
Turtle Creek, Dallas
Turtle Creek is a neighborhood running along Turtle Creek and adjacent Turtle Creek Boulevard in the Oak Lawn area of Dallas, Texas .Turtle Creek has also become an adopted nickname for the Oak Lawn neighborhood, though never an official one...
neighborhood. That same year, PlainsCapital acquired Dallas mortgage company PrimeLending. In 2000, PlainsCapital Corporation moved its headquarters to Dallas.
The bank expanded into Austin
Austin
Austin is the capital of the U.S. state of Texas.Austin may also refer to:-In the United States:*Austin, Arkansas*Austin, Colorado*Austin, Chicago, Illinois*Austin, Indiana*Austin, Minnesota*Austin, Nevada*Austin, Oregon...
in 2001, Fort Worth in 2003, San Antonio in 2004 and Weatherford
Weatherford
Weatherford may refer to:Towns and cities*Weatherford, Texas, medium city in Parker County*Weatherford, Oklahoma, small city in Custer CountyPeople...
in 2006. During this time of growth, PlainsCapital also added trust, wealth management and capital equipment leasing to its service offering.
In 2007, PlainsCapital announced plans to move its corporate headquarters from Turtle Creek to Dallas’ new Victory Park development. The corporate headquarters relocated to Victory Park in 2009 after adding two new bank locations in the Victory Park neighborhood.
On December 31, 2008, PlainsCapital Corporation completed its acquisition of FirstSouthwest, a Dallas-based investment bank. PlainsCapital is now one of the few privately held, middle-market financial services company in Texas to offer investment banking and public finance advisory services in-house.