Our Story

Our Story

A Past to Be Proud of and a Future with Promise

At PlainsCapital, we’ve always had a trailblazing spirit. PlainsCapital was founded in 1988 by former Hilltop Holdings Vice Chairman and Co-CEO Alan White and a group of investors who raised the capital to acquire Plains National Bank, a Lubbock financial institution with one branch and $198.8 million in assets. Alan, who retired in 2019, partnered with a team of young bankers who dreamed of bringing relationship banking to Lubbock, and they began to grow the bank one relationship at a time.

Thirty years later, PlainsCapital Bank is the fifth-largest bank in Texas based on deposit market share[1]. We have a statewide presence with more than 60 locations in markets such as Austin, the Coastal Bend, Dallas, Fort Worth, Houston, Lubbock, San Antonio, and the Rio Grande Valley. Under the leadership of President and Chief Executive Officer Jerry L. Schaffner, we are a strong and stable financial institution and a trusted community partner. We take pride in helping our customers blaze trails of their own, whether launching or expanding a business, raising a family, or moving into retirement. Our diverse range of services includes commercial banking, treasury management, private banking, and wealth management, as well as consumer banking.           

[1] Source: SNL Financial


1988 –PlainsCapital Corporation acquires Plains National Bank in Lubbock with $198.8 million in assets.

1999 – The Bank grows to $878 million in assets and expands outside West Texas by opening its first Dallas branch.

2000 – The Bank enters the Austin market and reaches $1 billion in assets.

2003 – The Bank undergoes a name change to become PlainsCapital Bank.  The Bank enters the Fort Worth market and reaches $2 billion in assets.

2004 – The Bank enters the San Antonio market.

2006 – The Bank enters the Weatherford market.

2007 – The Bank reaches $3 billion in assets.

2008 – The Bank enters the Arlington market.

2009 – The Bank reaches $4 billion in assets.

2010 – The Bank reaches $5 billion in assets.

2012 – The Bank reaches $6 billion in assets and joins the Hilltop Holdings family of companies.

2013 – The Bank enters the Corpus Christi, Houston, and Rio Grande Valley markets with an FDIC-assisted assumption of First National Bank of Edinburg.

2014 – The Bank enters the Aledo, Alice, Colleyville, Mansfield and Victoria markets.

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 PlainsCapital Bank, and the Bank expands its branch network in Arlington and Granbury.

2016 –The Bank reaches $9 billion in assets.

2018 –Hilltop Holdings acquires The Bank of River Oaks, adding its three locations to PlainsCapital’s Houston branch network.