PlainsCapital Bank pursues a community banking strategy in Lubbock where it was established, and in the Rio Grande Valley. In the Austin, Dallas, Fort Worth, Houston, Coastal Bend, and San Antonio markets, PlainsCapital focuses on commercial and private banking. With $9.5 billion in deposits as of March 31, 2020 and 61 branches, PlainsCapital ranks 5th for banks based in Texas.

PlainsCapital’s bankers are focused on building long-term relationships with their clients. They are recognized for their expertise, their responsiveness, their straightforward way of doing business and their involvement in the community. PlainsCapital Bank is led by Jerry L. Schaffner, president and chief executive officer. He has been with the Bank since its first year of operations in 1988, and has more than 30 years of experience in the banking industry.

At-A-Glance

• The Bank’s loan growth and exceptional deposit growth from 1988 to 1999 in its hometown of Lubbock allowed PlainsCapital to expand to larger Texas markets.
• The Bank opened its first Dallas location in 1999.
• From 2000 to 2006, the Bank entered five new Texas markets: Austin, Fort Worth, San Antonio, Weatherford and Arlington.
• The Bank acquired PrimeLending, a Dallas-based residential mortgage lender, in 1999.
• The Bank acquired First Southwest Company, a Dallas-based public finance advisory firm and investment bank in 2008. As of January 25, 2016 FirstSouthwest has merged into what is now HilltopSecurities.
• The Bank assumed certain assets and liabilities of Edinburg-based First National Bank in September of 2013. As a result of the transaction, PlainsCapital Bank more than doubled the size of its branch network while gaining entrance into the Rio Grande Valley, Houston and Corpus Christi markets.
• Hilltop Holdings acquired Houston-based The Bank of River Oaks. As a result, PlainsCapital Bank added three branches to its Houston footprint in 2018.
• Find more information at www.plainscapital.com.