The Lubbock Avalanche-Journal, June 23, 2009, "United Way Encourages Random Acts of Kindness Across Lubbock" — PlainsCapital Bank Lubbock’s participation in "Live United—Pass It On", a local United Way event, was featured in The Lubbock Avalanche-Journal. PlainsCapital Bank employees delivered toys to children at fire houses, washed windows, cleaned Stevens Park and delivered lunch to the Lubbock State School Administration. These random acts of kindness were performed with the goal of creating a ripple effect of good deeds throughout the community.
Fort Worth Business Press, May 25, 2009, “PlainsCapital Launches Wealth Management Group” — The article highlights the expansion of PlainsCapital Bank’s Wealth and Investment Management team in the Fort Worth market. The team manages clients’ oil and gas properties and royalties.
Regional Bond Dealers Association, May 21, 2009, “RBDA Board Member Michael Marz Supports New Municipal Bond Market Legislation In Testimony Before House Financial Services Committee” — First Southwest Company Vice Chairman Michael J. Marz testified before the U.S. House of Representatives Committee on Financial Services in support of new legislation aimed at restoring health to the municipal bond market and addressing regulatory gaps. The legislation was proposed by Committee Chairman Barney Frank and others and comprises four bills designed to address continued paralysis in the variable-rate securities market, lack of regulation over financial advisors in the municipal market, municipal market bond insurance and bond rating discrepancies.
Dallas Business Journal, May 20, 2009, “Largest Metroplex Asset Management Firms” — PlainsCapital Bank is the tenth-largest financial asset management firm in the Dallas-Fort Worth Metroplex according to a list published in the May 15-21 edition of the Dallas Business Journal. The list ranks firms by local assets under management as of December 31, 2008. With $1.2 billion in locally managed assets, PlainsCapital Bank shares the 10th spot with SMH Capital Advisors Inc. and ranks ahead of numerous firms including Texas Capital Bank.
Lubbock Avalanche-Journal, May 15, 2009, “Seim Receives Business Ethics Award” — PlainsCapital Bank Lubbock Vice Chairman David Seim was honored as recipient of the 2009 William H. Tinney Ethics in Business Award during the Community Prayer Luncheon on May 14, 2009. The ceremony was held at the Lubbock Memorial Civic Center in Lubbock, Texas. Seim received the award because of his exemplary business ethics and involvement with multiple community organizations. He is the 18th recipient of the award.
Austin American-Statesman, April 14, 2009, “UT Regents Choose A Seasoned Hand As Their Leader” — James Huffines, PlainsCapital Bank Central and South Texas region chairman, was unanimously voted chairman of The University of Texas System Board of Regents. The appointment marks Huffines’ second term as chairman of the board, and he becomes only the fourth person to serve two stints in that role since the board’s inception in 1881. He was first elected chairman in June 2004 and served in that capacity until November 2007 when he was elected vice chairman.
San Antonio Business Journal, April 3, 2009, “Top San Antonio Residential Mortgage Loan Officers” — PrimeLending employees Scott Caroselli, loan officer, and Erika Naegelin, loan officer and San Antonio Central branch manager, both appear on the list of Top San Antonio Residential Mortgage Loan Officers ranked by dollar volume of total residential loans closed in 2008. Caroselli ranks 10th and Naegelin ranks 15th out of the top 25 originators listed.
Mortgage Originator Magazine, April 2009, “Top 200 Originators List” — Three PrimeLending loan officers rank among the top producers in the U.S. for 2008. Diane Clark, financial mortgage planner and relocation specialist at PrimeLending’s Dallas headquarters, RJ Crosby, Certified Mortgage Planner at PrimeLending North Scottsdale, and Angela Deaton, senior loan officer and branch manager of PrimeLending Frisco Square, each earned a spot on the magazine’s 2009 Top 200 Originators list based both on the number and dollar volume of loans produced in 2008.
The University of Texas at Austin News, April 1, 2009, “McCombs Hall of Fame to Induct Three Prominent Business Leaders” — James Huffines, PlainsCapital Bank Central and South Texas region chairman, is being inducted into the McCombs School of Business Hall of Fame. "James is a dedicated leader whose service to the state and the University of Texas has been an indispensable asset over the years," said Texas Governor Rick Perry. "He is not only a longtime friend, but someone whose leadership and wisdom I deeply respect, and I congratulate him on the honor of being inducted into the McCombs School of Business Hall of Fame."
Fort Worth Star-Telegram, March 30, 2009, “Women in Business” — PlainsCapital Bank Senior Vice President Jennifer Baggs was honored at the Tarrant County YWCA’s 2009 Tribute to Women in Business luncheon. The annual event honors the area’s most outstanding businesswomen for their contributions to their companies and the community. Baggs has volunteered for Big Brothers Big Sisters, the Junior League of Fort Worth and Cook’s Children Medical Center.
San Antonio Business Journal, March 27, 2009, “Largest San Antonio Residential Mortgage Lenders” — Primelending, a PlainsCapital Company, was ranked ninth on a list of the largest San Antonio residential mortgage lenders based on dollar volume in 2008. The PrimeLending San Antonio branch originated more than $79 million in government, fixed rate and conventional loans.
The Dallas Morning News, March 13, 2009, “Despite Losses, Houston Bank Wins Funds” — The article explains that most of the Texas banks that received TARP funds were profitable in 2008, indicating that Texas banks are generally healthier than peer banks in other states. A table within the article highlights the Texas banks that received TARP (CPP) funds and are strong, stable and well-managed. PlainsCapital Bank had the third-highest net income of the 19 banks listed. The article also discusses those community banks, such as Lone Star Bank in Houston, which received funding but lost money last year.
Austin Business Journal, March 13-19, 2009, “Wealth Management Firms List” — Hester Capital Management, a subsidiary of PlainsCapital Bank, is the sixth-largest Registered Investment Advisor (RIA) in the Austin area. The list ranks Austin RIA firms based on locally managed assets as of March 2009, and Hester earned the sixth spot with $1.05 billion in local assets under management.
Austin Business Journal, March 6-12, 2009, "PlainsCapital Goes for Number 4 " —PlainsCapital Bank has broken ground on its fourth planned Austin, Texas location. The new North Austin location is designed to serve those clients in need of a physical branch and is convenient to nearby medical centers and high-end retail, residential and office space. The new location is poised to serve healthcare practitioners, commercial businesses and high net worth individuals in the area.
Dallas Morning News, March 2, 2009, "Recession-Proof Justice " — PlainsCapital Bank is actively working with the Texas Access to Justice Commission to help fund the state’s civil legal aid program, a service that provides underprivileged Texans with access to legal advice. PlainsCapital Bank has volunteered to pay higher interest rates on IOLTA accounts—the trust accounts opened by lawyers to hold client money—which help to fund the program.
Austin American-Statesman, Feb. 13, 2009, "Perry Names Four UT Regents" —PlainsCapital Bank Central and South Texas Region Chairman James Huffines was reappointed to the University of Texas System Board of Regents by Texas Governor Rick Perry. Huffines, who was first appointed to the board by Governor Perry in 2003, was reappointed to a second six-year term after his previous term expired on February 1, 2009.
Fort Worth Star-Telegram, Feb. 4, 2009, “In Texas ‘Bailout’ Becomes Fighting Word” — Two Fort Worth-area banks have released anti-TARP billboards, ads and statements aimed at tarnishing the reputations of strong and stable banks like PlainsCapital Bank that are participating in the U.S. Treasury’s Capital Purchase Program (CPP). These ads are misleading and incorrectly group the healthy banks that chose to participate in the program with the so-called bailout banks with toxic assets. The CPP funds were accepted only by healthy banks who could get the capital back out into the economy. “I think it’s a cheap shot,” remarked Alan B. White, founder, CEO and president of PlainsCapital Corporation, the holding company for the bank. “Those ads are misleading. I didn’t take the money for [a] bailout. I took it as an opportunity.”
Lubbock Avalanche-Journal, Jan. 29, 2009, “Don’t Assume Things Are Tougher Than They Are, Call PlainsCapital Mortgage” — PlainsCapital Mortgage Branch Manager Jana Sanders says the housing crisis of 2008 has actually provided many buyers the opportunity to purchase their first home. “Mortgage rates are currently the lowest they've been in a generation,” says Sanders. “Homes you might not have been able to afford just two or three years ago are now well within reach at rates that make more sense than renting in many instances.”
New York Times, Jan. 18, 2009, “Bailout Is a Windfall to Banks, if Not to Borrowers” — PlainsCapital Corporation founder, Chairman and CEO Alan B. White discusses the company’s plans for funds obtained through the U.S. Treasury’s Capital Purchase Program. White states that “increased lending would be a priority.”
Lubbock Avalanche-Journal, Jan. 11, 2009, “PlainsCapital Decision to Use TARP Money Only About Growth” — Columnist Chris Van Wagenen discusses his interview with PlainsCapital Corporation founder, Chairman and CEO Alan B. White regarding PlainsCapital’s opportunity to grow and lend money using the funds obtained through the Treasury Department’s Capital Purchase Program. White explains that PlainsCapital plans to use the funds to make jumbo mortgage loans, student loans, auto loans, Small Business Administration (SBA) loans, and development loans to help grow the communities where the bank does business.
Austin Business Journal, Jan. 9, 2009, “Book of Lists” — PlainsCapital Bank Austin ranks 11th in local deposits among banks with Austin-area locations. With $299.04 million in local deposits, PlainsCapital Bank Austin‘s deposits exceeded the local deposits of Prosperity Bank, Comerica Bank, Regions Bank and Texas Capital Bank, among others. The list bases its rankings on total local deposits as of June 30, 2008.
American Banker, Jan. 5, 2009, “The ‘B’ Word: Tackling TARP’s Image Problem” — This article reminds readers that capital obtained through the Capital Purchase Program, a part of the Treasury Department’s Troubled Asset Relief Program (TARP), is not “bailout” money, but is made available by the government in exchange for preferred stock and must be paid back with interest.Alan B. White, PlainsCapital Corporation founder, Chairman and CEO, describes the funds more accurately as “opportunity capital.”
Dallas Morning News, Jan. 4, 2009, “Will Bailout Funds Go for Acquisitions?” — The article discusses the possibility of banks using TARP funds for acquisition purposes. PlainsCapital Corporation founder, Chairman and CEO Alan B. White explains that acquisitions aren’t a priority for PlainsCapital Bank, stating, “The big banks are skittish, and they are not even loaning to their own customers. That is where we are finding opportunities to pick up loans and grow our business.”
Lubbock Avalanche-Journal, Dec. 27, 2008, “PlainsCapital CEO Calls Bailout Funds ‘Opportunity Money’” — PlainsCapital Corporation founder, Chairman and CEO Alan B. White explains the company’s plans to use the funds obtained through the Treasury Department’s Capital Purchase Program to help stimulate the economy by infusing more money into the community and positioning the company for future growth.
Dallas Business Journal, Dec. 19, 2008, “Largest Metroplex Corporate Philanthropists” — PlainsCapital Bank ranks 17th among the top corporate philanthropists in the Dallas-Fort Worth area according to a list published by the Dallas Business Journal. The list ranks companies in the DFW Metroplex based on 2007 local cash contributions. PlainsCapital is ranked one higher than the previous year, with 2007 local contributions of $446,917.
Lubbock Avalanche-Journal, Dec. 14, 2008, “Lubbock Won't Fully Escape Effects of Recession” — While the city of Lubbock, Texas is experiencing some economic slowdown, the overall economy in the area is still strong. Banks in the Lubbock region are also faring the financial crisis better than their nation’s counterparts, with PlainsCapital Bank still the number one financial institution in the area with more than 22% market share.
ABA Bank Marketing, Dec. 2008, “Tag Lines That Stick” — This article highlights PlainsCapital Corporation’s tag line No Fences, part of the company’s award-winning branding initiative that won the Best of the Best award at the 2004 ABA Financial Marketing Awards. “The slogan pays tribute to the bank’s heritage of developing out on the open plains where often times there were no set boundaries…”
The Bond Buyer, Nov. 12, 2008, “PlainsCapital to Buy First Southwest Co.” — The article announces PlainsCapital Corporation’s intention to acquire First Southwest Co., a top-ranked public finance advisory firm and investment bank. The acquisition will add $500 to $700 million to PlainsCapital’s $3.4 billion in assets. Hill Feinberg, chairman and CEO of First Southwest, will retain his position and the company will retain its name.
Dallas Morning News, Nov. 11, 2008, “PlainsCapital of Dallas Acquiring First Southwest” — PlainsCapital Corporation founder, Chairman and CEO Alan B. White describes why merging with First Southwest is good for business. “Together, we are better able to compete against larger financial institutions,” says White. “First Southwest Co. benefits from our financial strength as a commercial bank. PlainsCapital benefits from First Southwest’s expertise, reputation and national footprint.”
Dallas Business Journal, Oct. 17, 2008, “Book of Lists” — PlainsCapital Bank ranked 4th on the Dallas Business Journal’s list of Largest Metroplex-Headquartered Banks with more than $3 billion in assets. The rankings were based upon total deposits as of June 30, 2008.
Lubbock Avalanche-Journal, Sept. 13, 2008, “Tech Chancellor Announces $1 Million Donation for Stadium Expansion” — Chancellor Kent Hance announces PlainsCapital Corporation’s $1 million gift towards expanding Texas Tech’s football stadium. Hance states, “The stadium is a major priority for us, and we appreciate PlainsCapital’s leadership and generous financial support in our efforts to complete the funding for this project.”
Dallas Business Journal, Aug. 18, 2008, “Book of Lists” — PlainsCapital Corporation ranked 25th on the Dallas Business Journal’s list of Largest Metroplex Banks and Savings Institutions with more than $3 billion in assets. Rankings were based on total deposits as of March 31, 2008.
Dallas Business Journal, Aug. 15, 2008, “Book of Lists” — PlainsCapital Corporation ranked 13th on the list of Largest Metroplex Financial Asset Managers as compiled by the Dallas Business Journal. The companies are ranked by value of assets under management locally, with PlainsCapital managing more than $980 million in assets.
Austin Business Journal, May 16, 2008, “Making History” — PlainsCapital Bank Central and South Texas Region Chairman James Huffines is featured in this article detailing his contributions to Texas higher education through his position as Vice Chairman of the University of Texas System Board of Regents.
Fort Worth Business Press, Jan. 21, 2008, “Book of Lists” — PlainsCapital Bank ranks 21st among the largest banks in Tarrant County according to a list published by the Fort Worth Business Press. Rankings were determined by total deposits as of June 30, 2007.
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