PlainsCapital Corporation
| Public | |
| Industry | Financial Services |
| Founded | 1998 |
| Headquarters | One Victory Park Dallas, Texas, US |
|
Key people
|
Jeremy Ford (Co-CEO), Alan White (Co-CEO), William Furr (Chief Financial Officer) |
|
Number of employees
|
5,400 (2016) Predecessors: PlainsCapital Corporation, Affordable Residential Communities Total assets: US$ 12.7 billion (2016) Subsidiaries: PlainsCapital Bank, PrimeLending, HilltopSecurities, National Lloyds Corp Stock NYSE: HTH Market Cap: US$ 2.75 billion |
| Website | www.hilltop-holdings.com |
| Founded | 1998 in Lubbock, Texas, Texas, US |
|---|---|
| Headquarters | Dallas, Texas, US |
|
Key people
|
Alan B. White (Chairman), Jerry L. Schaffner (President and CEO), Brian L. Heflin (Chief Operating Officer) |
| Services | Consumer banking |
| Website |
Predecessors: Plains National Bank, Southwest Securities FSB Deposits: US$ 7.1 billion (2016) Parent: Hilltop Holdings Inc. |
| Founded | 1986 |
|---|---|
| Headquarters | Dallas, Texas, US |
|
Key people
|
Todd L. Salmans (Chairman and CEO) |
| Services | Home loans, mortgage refinancing |
| Website |
Loans: US$ 15.5 billion (2016) Parent: Hilltop Holdings Inc. |
| Industry | Financial services |
|---|---|
| Founded | January 2016 |
| Headquarters | Dallas, Texas, US |
|
Key people
|
Hill A. Feinberg (Chairman and CEO), Robert W. Peterson (President and COO) |
| Website |
Predecessors: Southwest Securities, Inc. FirstSouthwest Co LLC Parent: Hilltop Holdings Inc. |
| Industry | Insurance |
|---|---|
| Founded | 1949 in Texas, US |
| Headquarters | Waco, Texas, US |
|
Key people
|
Robert Otis (CEO) |
| Website |
www.NationalLloydsInsurance.com Predecessors: Southwest Securities, Inc. FirstSouthwest Co LLC Parent: Hilltop Holdings Inc. |
5,400 (2016)
Predecessors: PlainsCapital Corporation, Affordable Residential Communities
Total assets: US$ 12.7 billion (2016)
Subsidiaries: PlainsCapital Bank, PrimeLending, HilltopSecurities, National Lloyds Corp
Stock NYSE: HTH
Hilltop Holdings is a financial holding company based in the U.S. state of Texas offering financial products and banking services through four primary subsidiaries: PlainsCapital Bank, PrimeLending, HilltopSecurities and National Lloyds Corporation.
Hilltop Holdings is a financial holding company headquartered in Dallas, providing business and consumer banking services with locations around Texas via its primary subsidiary, PlainsCapital Bank. A wholly owned subsidiary of PlainsCapital Bank, PrimeLending, provides mortgage lending services with offices throughout the United States. Hilltop Securities Inc. and Hilltop Securities Independent Network Inc. are subsidiaries of Hilltop Holdings that provide brokerage and investment banking services to clients throughout the United States. Hilltop Holdings subsidiary National Lloyds Corporation is a property and casualty insurance holding company based in Waco, Texas. National Lloyds provides property and casualty insurance via its two insurance companies: National Lloyds Insurance Company and American Summit Insurance Company.
Jeremy Ford and Alan White were appointed co-CEOs of Hilltop Holdings in September 2016. Ford had been CEO and president of Hilltop Holdings, while White had served as vice chairman of Hilltop Holdings and CEO of PlainsCapital Corporation. William Furr was appointed chief financial officer in September 2016 also.
As of its December 31, 2016, earnings report, Hilltop Holdings reported employing about 5,400 people and operating 450 locations in 43 U.S. states, with 2016 total assets of US$ 12.7 billion.
Hilltop Holdings was established as Affordable Residential Communities in 1998. The real estate investment trust focused on acquiring, renovating and operating manufactured home communities, among other services. The company completed an initial public offering in July 2004. In 2007, Affordable Residential Communities sold its manufactured home communities business assets for US$ 1.8 billion and changed its name to Hilltop Holdings Inc. Also in 2007, Hilltop Holdings purchased National Lloyds Corporation, an insurance company specializing in coverage for manufactured homes.
On November 30, 2012, Hilltop Holdings acquired PlainsCapital Corporation and its operating subsidiaries PlainsCapital Bank, PrimeLending and First Southwest Company. It acquired the former First National Bank of Edinburg, Texas, in 2013.
In January 2015, Hilltop Holdings finalized acquisition of SWS Group Inc. for approximately US$ 350 million. The SWS subsidiary Southwest Securities Federal Savings Bank (FSB) was merged into PlainsCapital Bank. In January 2016, Hilltop Holdings subsidiaries First Southwest Company and the previous SWS banking subsidiary Southwest Securities Inc. merged and began operations as HilltopSecurities.
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