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PlainsCapital Bank

PlainsCapital Bank
Private
Number of employees
1,400
Website www.plainscapital.com

PlainsCapital Bank, a subsidiary of PlainsCapital Corporation, is one of the largest independent banks in Texas with approximately $8.4 billion in assets. PlainsCapital operates 34 branches in Arlington, Austin, Dallas, Fort Worth, Lubbock, San Antonio and Weatherford. The bank, which is led by CEO Jerry Schaffner, employs about 1,400 people.

In Arlington, Austin, Dallas, Fort Worth and San Antonio, PlainsCapital Bank operates as a commercial bank and targets middle market companies and high-net-worth individuals. In Lubbock and Weatherford, the bank operates as a retail bank.

In 1988, PlainsCapital Corporation, led by current chairman and CEO Alan B. White, acquired Plains National Bank in Lubbock, Texas. Over the next 10 years, Plains National's service offerings grew and it became the largest bank in Lubbock with approximately $878 million in deposits. In 1999, Plains National Bank expanded to Dallas and opened its first branch on Turtle Creek Blvd. In 2003, Plains National changed its name to PlainsCapital Bank.

PlainsCapital Bank was founded in Lubbock in 1988. Today, Lubbock is the bank's largest retail market, operating 13 branches and 26 ATMs in the area. The Lubbock market is led by one of the bank's founders, John Owens, Region Chairman.

In 1999, PlainsCapital Bank opened the doors to its first Dallas branch located on Turtle Creek Boulevard. Soon branches in North Dallas, Frisco, Carrollton, Preston Center, and most recently, Victory Park were opened. Today, PlainsCapital Bank operates eight branches in the Dallas area, including ATMs at the American Airlines Center in Victory Park.

PlainsCapital Bank entered the Austin market in 2001 with the opening of its downtown location. Today, the Austin market has grown to and operates five branches and seven ATMs in Austin and Round Rock, Texas.

PlainsCapital Bank entered the Fort Worth market in 2003 with the opening of its Western Place office. To kick-off PlainsCapital's entry into Fort Worth, the bank sponsored the PlainsCapital Fort Worth Bowl (now called the Bell Helicopter Armed Forces Bowl) in 2003 and 2004. Today, the bank operates three Fort Worth branches and one in Arlington.


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