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 that offered a diverse portfolio of financial services and was highly responsive to customer needs.

Over the next decade, the bank's market share and service offerings grew. PlainsCapital Bank expanded into the Amarillo market in 1996 (banks in this market were sold to Wells Fargo in 2005). 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, Weatherford in 2006 and Arlington in 2008. 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 will move to Victory Park in 2009, where it already operates two PlainsCapital Bank locations.

In 2008, PlainsCapital Corporation completed its merger with First Southwest, a Dallas-based public finance advisory firm and investment bank. PlainsCapital is now one of the only independent, financial institutions in Texas to offer public finance advisory services and investment banking in-house.
 

PlainsCapital Historical Timeline

1987

PlainsCapital Corporation founded.

 

1988

PlainsCapital Corporation acquires Plains National Bank in Lubbock with $174 million in assets.

 

1998

PlainsCapital acquires McAfee Mortgage Company. (Merged into PrimeLending in 2006.)

 

1999

PlainsCapital Bank reaches $1 billion in assets.

PlainsCapital acquires PrimeLending, a Dallas-based mortgage company.

PlainsCapital Bank enters the Dallas market.

 

2000

PlainsCapital acquires secondary-market mortgage company Momentum Funding, Inc. (Merged into PrimeLending in 2006.)

 

2001

PlainsCapital Corporation moves headquarters to Dallas.

PlainsCapital acquires an interest in Hester Capital Management.

PlainsCapital Bank enters the Austin market.

PlainsCapital Wealth Management established.

 

2002

PlainsCapital Leasing established.

PlainsCapital Bank acquires Whisperwood National Bank in Lubbock.

 

2003

PlainsCapital Bank reaches $2 billion in assets.

PlainsCapital Equity Partners established.

PlainsCapital acquires majority interest in Hester Capital Management.

PlainsCapital Bank enters the Fort Worth market.

 

2004

PlainsCapital Bank enters San Antonio market.

 

2005

PlainsCapital Bank reaches $2.5 billion in assets.

 

2007

PlainsCapital Bank reaches $3 billion in assets.

PlainsCapital Bank enters Arlington market.

 

2008

PlainsCapital Bank reaches $3.5 billion in assets.

PlainsCapital Corporation merges with First Southwest, a Dallas-based investment bank.

 

2009

PlainsCapital Bank reaches $4.4 billion in assets.