With $9.2 billion in assets and $1.5 billion in equity as of December 31, 2014 (pre SWS Transaction), Hilltop Holdings Inc. (NYSE:HTH) is a Texas-based diversified financial holding company specializing in banking, mortgage origination, financial advisory and insurance through its wholly owned subsidiaries, PlainsCapital Corporation, National Lloyds Corporation, and Hilltop Securities Holdings.
Hilltop Holdings includes PlainsCapital Corporation, which is the holding company for Dallas-based companies PlainsCapital Bank and PrimeLending. PlainsCapital Bank is the 5th largest Texas-based bank by deposits (pro forma for the merger with SWS’s banking subsidiary, Southwest Securities, FSB). PrimeLending is a mortgage originator ranked 4th in the U.S. for purchase units in 2013.
On Jan. 1, 2015 Hilltop announced that it had completed its acquisition of Dallas-based SWS. SWS’s broker-dealer subsidiaries, Southwest Securities, Inc. and SWS Financial Services, Inc., became subsidiaries of Hilltop Securities Holdings LLC, a holding company directly under Hilltop and the successor of SWS in the merger. In connection with the merger, FirstSouthwest and its related entities also became subsidiaries of Hilltop Securities Holdings LLC. FirstSouthwest and Southwest Securities will continue to operate as separate broker-dealers, under combined leadership, until such time as the necessary regulatory approvals are obtained and systems integrations are complete.
Hilltop also includes National Lloyds Corporation (formerly NLASCO), a niche property and casualty underwriter providing homeowners insurance for low value dwellings. With origins dating back to 1948, National Lloyds Corporation has an established Texas presence and is based in Waco, TX.
Hilltop Holdings seeks to build a strong, diversified Texas-based financial services holding company through acquisitions and organic growth in Texas and the Southwestern U.S. The Hilltop Holdings family of companies employs approximately 5,300 people in approximately 450 locations in 44 states and the District of Columbia, and will now include the approximately 860 employees from recently acquired SWS Group.