History
In 1988, PlainsCapital Corporation, led by current chairman and CEO Alan B. White, acquired Plains National Bank in Lubbock, Texas. Over the next 10 years, Plains National's service offerings grew and it became the largest bank in Lubbock with approximately $878 million in deposits. In 1999, Plains National Bank expanded to Dallas and opened its first branch on Turtle Creek Blvd. In 2003, Plains National changed its name to PlainsCapital Bank.
Timeline
1988 PlainsCapital Corporation acquires Plains National Bank in Lubbock with $198.8 million in assets.
1999 PlainsCapital Bank grows to $878 million in assets and expands outside West Texas by opening its first Dallas branch.
2000 PlainsCapital Bank enters the Austin market. PlainsCapital Bank reaches $1 billion in assets.
2003 PlainsCapital Bank undergoes name change to PlainsCapital Bank. PlainsCapital Bank enters the Fort Worth market. PlainsCapital Bank reaches $2 billion in assets.
2004 PlainsCapital Bank enters the San Antonio market.
2005 PlainsCapital Bank reaches $2.5 billion in assets.
2006 PlainsCapital Bank enters the Weatherford market.
2007 PlainsCapital Bank reaches $3 billion in assets.
2008 PlainsCapital Bank enters the Arlington market. PlainsCapital Bank reaches $3.5 billion in assets.
2009 PlainsCapital Bank reaches $4.5 billion in assets.
2010 PlainsCapital Bank reaches $5 billion in assets.
Read more about this topic: PlainsCapital Bank
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