On February 22, Dallas-based Hilltop Holdings Inc. announced that Alan B. White, co-chief executive officer and vice chairman, is retiring effective April 1. He will step down from Hilltop Holdings’ board of directors and his other leadership roles with Hilltop Holdings and PlainsCapital Bank to begin the next chapter of his life.
White founded Hilltop Holding’s banking subsidiary, PlainsCapital Bank, in 1988 and has served as co-CEO of Hilltop Holdings with President Jeremy B. Ford since September 2016. Ford will continue in his role as president and serve as the company’s sole CEO following White’s retirement. Jerry L. Schaffner will continue to lead Plains-Capital Bank as president and CEO.
During White’s tenure, PlainsCapital Bank has grown from $160 million in assets to approximately $10 billion as of December 31, 2018. He oversaw the bank’s expansion into major markets throughout Texas, as well as the company’s acquisition of national mortgage originator PrimeLending and national broker-dealer First Southwest Co., now HilltopSecurities. He was also instrumental in PlainsCapital Corp.’s 2012 sale to Hilltop Holdings, which laid the foundation for the current Hilltop franchise and led to White joining the company’s board as vice chairman.
“It has been my privilege to lead PlainsCapital Bank for more than three decades as the organization grew from one branch in Lubbock to the fifth largest Texas-based bank with locations across the state,” White says. “My decision to retire was difficult, but it was made easier knowing that Hilltop’s leadership will carry on the powerful culture and legacy of success we have built over the past 31 years.”
“Alan White has been instrumental in building Hilltop Holdings into the organization that it is today,” Ford says. “He has been a mentor and a friend to me, along with countless other people throughout our family of companies and in the communities we serve. While we are sad to see him leave his role with the company, we are proud to carry on his legacy and remain forever grateful for the leadership he has provided for so many years.”
“I have known Alan as a friend and business partner for decades and it has been an honor to work with him as we’ve grown PlainsCapital and the entire Hilltop organization,” says Gerald J. Ford, Hilltop Holdings chairman. “I wish him well in his much-deserved retirement. Alan is leaving Hilltop in a strong position with solid leadership and I look forward to this new chapter in the company’s history.”
Hilltop Holdings provides business and consumer banking services through PlainsCapital Bank. As of December 31, 2018, Hilltop Holdings employed approximately 5,200 people and operated approximately 450 locations in 44 states.
Published in Bankers Digest March 4, 2019