History
Shortly after establishing PlainsCapital Corporation in Lubbock, Texas, 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.
In 1999, PlainsCapital Bank opened its first Dallas branch in the affluent Turtle Creek neighborhood. That same year, PlainsCapital acquired Dallas mortgage company PrimeLending. In 2000, PlainsCapital Corporation moved its headquarters to Dallas.
The bank expanded into Austin in 2001, Fort Worth in 2003, San Antonio in 2004 and Weatherford 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.
Read more about this topic: Plains Capital Corporation
Famous quotes containing the word history:
“We may pretend that we’re basically moral people who make mistakes, but the whole of history proves otherwise.”
—Terry Hands (b. 1941)
“The thing that struck me forcefully was the feeling of great age about the place. Standing on that old parade ground, which is now a cricket field, I could feel the dead generations crowding me. Here was the oldest settlement of freedmen in the Western world, no doubt. Men who had thrown off the bands of slavery by their own courage and ingenuity. The courage and daring of the Maroons strike like a purple beam across the history of Jamaica.”
—Zora Neale Hurston (1891–1960)
“Throughout the history of commercial life nobody has ever quite liked the commission man. His function is too vague, his presence always seems one too many, his profit looks too easy, and even when you admit that he has a necessary function, you feel that this function is, as it were, a personification of something that in an ethical society would not need to exist. If people could deal with one another honestly, they would not need agents.”
—Raymond Chandler (1888–1959)