PlainsCapital is Strong, Stable and Growing

I’d like to welcome you to the About PlainsCapital section of our website. I appreciate your interest in our company. Even in these challenging times, we are strong, stable and growing.

PlainsCapital Corporation is the parent company of PlainsCapital Bank, PrimeLending and Hester Capital Management. PlainsCapital Bank is the cornerstone of our business. PlainsCapital Bank is unique because it is a boutique bank that focuses on building long-term relationships with middle market companies and high net worth individuals.

We are headquartered in Dallas, Texas, but we were founded in Lubbock, Texas, in 1988 where PlainsCapital Bank has ranked No. 1 in deposit market share for many years. We decided to expand beyond Lubbock with the opening of our first Dallas branch in 1999. At that time, we modified our strategy and became a niche player serving middle market businesses and high net worth individuals. This strategy has been very successful for us and has fueled our expansion to other major cities in Texas as well as our acquisition of residential mortgage company, PrimeLending, and asset management company, Hester Capital Management.

Today, PlainsCapital Corporation is one of the largest independent financial institutions in the United States with 115 locations and more than 1,800 employees. PlainsCapital Bank has $4.4 billion in assets and operates more than 30 locations in Austin, Dallas, Fort Worth, Lubbock and San Antonio.

On November 10, 2008, PlainsCapital Corporation announced that it had signed a definitive agreement and plan of merger with First Southwest, one of the leading privately held investment banks and financial advisory firms in the nation.

This announcement is a huge milestone for both PlainsCapital Corporation and First Southwest. The combination of our two companies will create a full-service middle market bank for Texas and the Southwest. No other privately held banks in the middle market offer investment banking and public financial advisory expertise in-house.

I attribute our success to the stability of PlainsCapital’s management team and their prudent and conservative management of our company. We are innovative thinkers but we know the value of managing risk. That’s why we are strong, stable and growing in today’s challenging economy.

I’m very proud of PlainsCapital’s accomplishments and the dedication of our employees. It’s all about the people—our employees and our customers—who make my job so rewarding.

Sincerely,

Alan B. White
Chairman & CEO
PlainsCapital Corporation