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Shortly after establishing Plains Capital Corporation in 1987, a group of investors led by Alan B. White purchased Plains National Bank in Lubbock, Texas in 1988. The bank, with more than $174 million in assets, was the start of a much larger vision to create an independent statewide banking organization that responded to customer needs with a diverse portfolio of financial services.
Over the next decade, the bank's market share and service offering grew. Plains National Bank expanded into the Amarillo market in 1996 followed by Canyon in 1997. In 1999, Plains National Bank changed its name to PNB Financial to reflect its increasing service offering and entered the Dallas market. PNB Financial entered the Austin market in 2001.
Meanwhile, Plains Capital Corporation continued to expand, taking on mortgage lending, trust and wealth management andcapital equipment leasing. In 2003, the corporation changed its name to PlainsCapital Corporation and branded many of the member companies with the PlainsCapital name.
Since opening its first bank in Lubbock, Texas in 1988, PlainsCapital Corporation has experienced phenomenal growth in the highly competitive financial services industry. Today,with primary locations in Austin, Dallas, Fort Worth, Lubbock and San Antonio, PlainsCapital builds solid, long-term relationships with its customers throughout Texas to help them achieve financial success. PlainsCapital's diverse service offering, backed by the strength of PlainsCapital Bank with more than $2.9 billion in assets, positions the company as the leading independent financial services company in Texas.
PlainsCapital has the lending capacity and expertise to support sizeable commercial transactions but prides itself on providing personalized service to each of its customers. Relationship-building is paramount in the company culture and rooted in the company's Lubbock beginnings — still championed today by Chairman and CEO Alan B. White.
PlainsCapital chose the buffalo as the corporate symbol in 1993 for its power and resilience. Having roamed the North American Plains more than 12,000 years, the buffalo symbolizes endurance and longevity and conjures visions of the American West—freedom, opportunity and expansion. Its strength, stability, pride and momentum are all characteristics that embody the PlainsCapital spirit.