Attached files
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8-K - FORM 8-K - PLAINSCAPITAL CORP | d236843d8k.htm |
EX-4.1 - FORM OF STOCK CERTIFICATE - PLAINSCAPITAL CORP | d236843dex41.htm |
EX-3.1 - CERTIFICATE OF DESIGNATION OF NON-CUMULATIVE PERPETUAL PREFERRED STOCK, SERIES C - PLAINSCAPITAL CORP | d236843dex31.htm |
EX-10.2 - REPURCHASE LETTER AGREEMENT, DATED SEPTEMBER 27, 2011 - PLAINSCAPITAL CORP | d236843dex102.htm |
EX-10.1 - SECURITIES PURCHASE AGREEMENT, DATED SEPTEMBER 27, 2011 - PLAINSCAPITAL CORP | d236843dex101.htm |
Exhibit 99.1
How We Sustain Our
Momentum.
How We Sustain Our Momentum
Dallas-based PlainsCapital Corporation has an impressive 23-year track record of growth and success. Founded by Chairman and CEO Alan B. White, PlainsCapitals family of companies includes PlainsCapital Bank, PrimeLending and FirstSouthwest. Offering a diverse range of financial services, PlainsCapitals entrepreneurial spirit is the driving force behind its success. With entrepreneurialism at the heart of PlainsCapitals strategic approach, the Corporation sustains its momentum year after year.
WE EXECUTE THE RIGHT GROWTH STRATEGY
Chairman and CEO Alan B. White is an entrepreneur with strong ties to business leaders across Texas. Those relationships have led to key acquisitions and the hiring of talented bankers making PlainsCapital Corporation what it is today.
The PlainsCapital Bank is the financial foundation of the Corporation and the catalyst for growth. The Bank serves middle market commercial businesses and high net worth individuals. The Banks loan and deposit growth, from 1988 to 1999 in its hometown of Lubbock, allowed the Corporation to expand to larger Texas markets. Several strategic moves positioned the Corporation for sustained momentum.
The business models of the three operating companies enable the Corporation to be successful in a variety of economic conditions.
Strategic Highlights
The Bank opened its first Dallas location in the Turtle Creek neighborhood in 1999.
Mortgage lender PrimeLending was acquired in 1999.
From 2000 to 2006, the Bank entered five new Texas markets: Austin, Fort Worth, San Antonio, Weatherford and Arlington. Bankers joining PlainsCapital in these markets brought significant books of business with them.
FirstSouthwest, a national public finance advisory firm and investment bank, was acquired in 2008.
Since 1999, PrimeLending has expanded nationwide to more than 240 locations. In 2010, it originated $7.6 billion in home loans.
The Bank provides the Corporation with a strong capital foundation on which to grow.
The Bank provides a warehouse line of credit to fund PrimeLendings mortgage loans.
PrimeLending sells nearly all the loans it originates into the secondary market.
FirstSouthwest and PrimeLending contribute fee income to the bottom line.
WE HIRE THE RIGHT PEOPLE
PlainsCapitals success is the sum of its people. PlainsCapital takes great care to hire talented individuals who will excel in the Corporations relationship-based culture. Corporation-wide, PlainsCapital employs more than 3,000 people.
White connects with entrepreneurs like himselfvisionary leaders who understand the value of relationships.
Across the three operating companies, branch or office network expansion is typically driven by hiring. A team of bankers is hired, then the companies go to work opening a location. Changes to the competitive landscape over the last decade have allowed PlainsCapital to hire top talent in commercial and private banking, residential mortgage lending, public finance and investment banking.
Bankers in all of the PlainsCapital companies 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.
WE DO BUSINESS IN THE RIGHT PLACES
PlainsCapital Corporation companies operate more than 300 locations in 39 states and Washington, D.C.
A commercial banks sustained momentum is deeply tied to the economic strength of the communities it serves. As such, PlainsCapital Corporation is fortunate to have all three of its operating companies headquartered in Texas. PlainsCapital companies operate 95 Texas locations in high growth markets such as Austin, Dallas, Fort Worth, San Antonio and Houston.
Over the last decade, Texas has successfully attracted many companies to the state because of its friendly business environment, highly skilled workforce and relatively low cost of living.
In addition, Texas is weathering the recession better than most states. Within this environment, there are opportunities for the PlainsCapital family of companies to grow.
Nationwide, PlainsCapital Corporation seeks to expand the footprints of FirstSouthwest and PrimeLending as opportunities arise.
PlainsCapitals Executive Management Team
Alan B. White PlainsCapital Corporation Founder,
Chairman & CEO
James R. Huffines PlainsCapital Corporation
President & Chief Operating Officer
John A. Martin PlainsCapital Corporation
EVP & Chief Financial Officer
Roseanna McGill PlainsCapital Corporation EVP,
PrimeLending Founder & Chairman
Jerry L. Schaffner PlainsCapital Bank President & CEO
Todd L. Salmans PrimeLending President & CEO
Hill A. Feinberg FirstSouthwest Chairman & CEO
PlainsCapital
Corporation founded
PlainsCapital Bank enters Dallas Market
PlainsCapital Bank reaches $2 billion in assets
PlainsCapital Bank enters Weatherford Market
PlainsCapital Bank enters Arlington Market
PlainsCapital Bank reaches $5 billion in assets; PrimeLending reaches $7.6 billion in production
1987 1999 2000 2003 2004 2006 2007 2008 2009 2010 2011
PlainsCapital Corporation acquires PrimeLending
PlainsCapital Bank enters Austin Market and reaches $1 billion in assets
PlainsCapital Bank enters
San Antonio and Fort Worth Markets
PlainsCapital Bank reaches $3 billion in assets
PlainsCapital Corporation acquires FirstSouthwest
PlainsCapital Bank reaches $4 billion in assets
FirstSouthwest ranked No.1 public finance advisor nationwide*
*By number of issues from April 1, 2006 to March 31, 2011. Source Thomson Reuters
WE DELIVER POSITIVE RESULTS
For more than 23 years, PlainsCapital Corporation has experienced sustained momentum. With a diversified business model, the strong capital base of PlainsCapital Bank, and an experienced management team, the Corporation has grown throughout the last decade even in the midst of the economic downturn.
Financial Highlights as of June 30, 20111
Corporation Total Assets $5.26 billion
Corporation Total Deposits $3.96 billion
Corporation Total Loans $3.7 billion
(Includes loans held for sale)
Corporation Net Interest Income $73.8 million2
Corporation Net Income $23 million2
Bank Tier 1 Capital Risk-Weighted to Assets Ratio 12.94%
(Federal Reserve requires a minimum of 4%)
Bank Assets $5.24 billion
Financial Highlights Over the Last 10 Years3
Asset Growth 15.2%
Net Income Growth 10.0%
Shareholders Capital Growth 17.0%
Total Loans & Leases Growth 14.9%
(Includes loans held for sale)
Rankings as of Dec. 31, 2010
PlainsCapital Corporation No. 7 bank holding company based in Texas by asset size4
PlainsCapital Bank No. 8 bank based in Texas by asset size4
PrimeLending No. 3 FHA lender in Texas in 2010; 13th nationwide5
FirstSouthwest No. 1 municipal advisor in the Southwest for 2010 (by issues and par volume)6
$6,000 $5,000
$4,000 $3,000 $2,000 $1,000
88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10
PlainsCapital Corporation Asset Growth Chart amounts in millions
PlainsCapital Bank Expands to Major Texas Markets
HEADQUARTERS
PlainsCapital Corporation
2323 Victory Avenue, Suite 1400 Dallas, TX 75219
214-252-4100
PlainsCapitalCorp.com
Sources: 1.PlainsCapital Corporation June 30, 2011 10-Q 2. For the six months ended June 30, 2011 3.PlainsCapital Corporation regulatory filings compounded annual growth rate from Dec. 31, 2000 to Dec.31, 2010 4.SNL Financial 5.Federal Housing Administration 6.Thomson Reuters © 2011 PlainsCapital Corporation PCCSB091211