PlainsCapital Bank Promotes Barry Ballinger to West Texas Region Chairman, John Owens Named West Texas Chairman Emeritus

LUBBOCK, TX (March 26, 2021) – PlainsCapital Bank announced today that Lubbock Market President Barry Ballinger is being promoted to West Texas region chairman, succeeding the Bank’s co-founder John Owens who is transitioning to the role of West Texas chairman emeritus. Ballinger and Owens, both longtime leaders in the Lubbock community, have worked together closely for over 33 years and will continue to do so in their new roles.

“PlainsCapital is grateful for John’s 30-plus years of service, leadership, and dedication,” said PlainsCapital Bank President & CEO Jerry Schaffner. “From PlainsCapital’s earliest days, John has played a pivotal role in our growth from a single branch to the fourth largest bank based in Texas. Simply put, we would not be the bank we are without John’s stewardship and guidance. The promotion of Barry to West Texas region chairman ensures a smooth transition and we are excited that a seasoned banking executive of Barry’s caliber with deep roots in West Texas will continue to lead our teams in Lubbock and foster valuable relationships with the community.”

Ballinger has more than 40 years of banking and commercial lending experience in the Lubbock market. He joined PlainsCapital Bank (then Plains National Bank) in 1977 and became Lubbock Market President in 2015, responsible for Bank management and business development for the West Texas region. He earned his BBA from Texas Tech University and is a graduate of both the Rawls College of Business School of Banking and the Southwestern Graduate School of Banking at Southern Methodist University.

“I am honored to serve as our next West Texas region chairman,” Ballinger said. “PlainsCapital’s reputation is about putting relationships first, and we will continue to do so by providing our customers with the highest level of personal service backed by expertise. We’re proud to call Lubbock our hometown and I look forward to continuing our support of this community.”

With more than 40 years of banking experience in the Lubbock market, Owens is a recognized business and community leader who co-founded PlainsCapital Bank in Lubbock in 1988. He serves on the Bank’s board of directors and during his tenure as West Texas region chairman, he oversaw business development and strategic positioning for the Bank’s commercial lending, private banking, and wealth management divisions in the Lubbock area. Owens received his BBA and MS from Texas Tech University and is an ardent supporter of charitable organizations in his community, such as the United Way of Lubbock and the Lubbock Food Bank.

“During my tenure with PlainsCapital, I’ve not only enjoyed the experience of working closely with our family of employees, but I also embrace the highly valuable relationship our Bank has fostered with the local community,” said Owens. “I welcome Barry to the chairman’s role and look forward to continuing to work with him in my new role to serve our customers.”

In addition to the promotion of Ballinger, the Bank also announced the promotions of Mark Rosenberg to senior vice president, commercial loan officer, Andrew Cunningham to senior vice president, senior portfolio manager, and Danielle Brewster to vice president, wealth management administrator. Rosenberg has worked at the Bank for over four years and earned his BBA from The University of Texas at Dallas. Cunningham joined the Bank five years ago and earned his BBA from Baylor University and an MBA from Texas Tech University. Brewster has served with PlainsCapital Bank for 22 years and received her BBA from Texas A&M University.

About PlainsCapital Bank

PlainsCapital Bank, the fourth-largest Texas-headquartered bank by deposit market share, operates 59 Texas branches and has approximately 1,100 employees providing highly personalized relationship banking through a single point of contact. Offering commercial lending, treasury management, small business banking, private banking, and trust and wealth management services, PlainsCapital Bank empowers responsive, local decision making in each of its major markets: Austin, Corpus Christi, Dallas, Fort Worth, Houston, Lubbock, the Rio Grande Valley, and San Antonio. PlainsCapital Bank is a wholly owned subsidiary of Hilltop Holdings (NYSE:HTH).