News Article

News Article

11/28/2016

Opening of New PlainsCapital Bank Gaston Branch

The opening of PlainsCapital Bank’s newest Dallas-area location in the Baylor medical district enhances PlainsCapital’s presence in North Texas’ burgeoning healthcare market. Looking to finance the growing needs of the region’s healthcare industry, which according to the Dallas Regional Chamber comprises 15 percent of the North Texas economy, PlainsCapital hired healthcare banking industry veteran Kellie Davidson to oversee the new Gaston Ave. branch and help lead the Bank’s broadening healthcare initiative.

“Actively pursuing the healthcare market in Dallas is a growing venture for PlainsCapital Bank,” said Davidson, PlainsCapital Bank senior vice president. “I’m pleased to be able to bring my experience and knowledge of the healthcare industry to further PlainsCapital’s efforts in the local healthcare arena.”

PlainsCapital Bank has previously offered loans and financial products to area healthcare providers through its commercial banking services, however the Baylor team will specialize in offering banking solutions to support the growing needs of Dallas’ small and midsize private medical practices, including: medical groups, physician offices, dental groups, surgery centers, imaging centers, and other healthcare businesses. PlainsCapital Bank’s healthcare banking products and services include: loans for business acquisitions, tenant improvement loans, real estate construction loans, real estate acquisition and refinance loans, sophisticated deposit and cash management products, equipment financing, lines of credit for working capital, and partnership buy-ins and buy-outs.

“Businesses within the healthcare sector need banking specialists who understand what they do on a business level,” said PlainsCapital Bank Dallas Region Chairman George McCleskey. “We brought Kellie on board because of her proven experience in healthcare banking and her extensive knowledge of the Dallas market.” McCleskey added, “Our bankers have managed to build strong relationships with our customers in the Dallas market. The same holds true as we continue building our healthcare practice. We look forward to helping our current and future healthcare customers grow their businesses and exceed their financial goals.”

According to a study by the North Texas Commission, the Dallas-Fort Worth metroplex is among the fastest growing regions in the country with a GDP of $447 billion – 30 percent of the state’s total GDP – with $52 billion in gross medical services. A 2016 Dallas Regional Chamber report listed the metroplex as home to seven not-for-profit health systems, two for-profit health systems, two proton beam cancer therapy centers and 31 major hospitals, including 28 physician-owned and independent hospitals.

“North Texas is a unique healthcare market,” said Dr. John McCracken, clinical professor of healthcare management for The University of Texas at Dallas Naveen Jindal School of Management. “While hospitals inject $15 to $16 billion into the North Texas economy annually, the regional healthcare landscape is primarily entrepreneurial. Texas is home to more independent and small practices than any other state. Going forward, healthcare is only going to become a more dominant industry in the North Texas economy”

Dallas-Fort Worth’s healthcare sector has grown steadily since 2008 on the back of the strong local economy, and regional economic indicators suggest the trend will continue. PlainsCapital Bank is looking forward to becoming a more prominent player in the market.

“I’m eager to introduce healthcare providers, along with other prospective clients, to PlainsCapital’s relationship-oriented banking culture,” said Davidson. “It’s unique in that decisions are made on the local branch level. We have a great deal of autonomy in the way we work with and service our customers. It’s the way banking used to be.”

Davidson is a 25-year veteran of the Dallas banking industry with a concentration in healthcare banking.  She joined PlainsCapital this past May.

PlainsCapital Bank’s Gaston branch is located on the first floor of the new Gaston Medical Office Building at 3417 Gaston Ave., Suite 150, in the heart of Dallas’ Baylor medical community. The location, which opened on Monday, Nov. 14, 2016, features a full-service bank lobby with safe deposit boxes, an ATM, and lender offices.

With the opening of the Gaston branch, PlainsCapital Bank has ten locations in the Dallas market, which includes South Dallas to northern Collin County. PlainsCapital Bank operates twenty locations throughout North Texas.

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