PlainsCapital Bank is headquartered in Dallas and is the 7th largest bank in the state of Texas. It is also the 130th largest bank in the nation. It was established in 1955 and as of September of 2016, it had grown to 4,259 employees at 65 locations. PlainsCapital Bank has an A health rating.
Several years ago, I moved my retirement account to First National Bank in Garland. They were taken over a couple of years ago by the FDIC and I presume sold to Plains. I chose FNB because of geographic convenience. Plains closed all the branches except one 50 miles from me. I really haven't had any issues but would not be my first choice for other accounts because of distance.
|FDIC Certificate #||17491|
|Return on Assets - YTD||1.6%|
|Return on Equity - YTD||10.92%|
|Annual Interest Income||$290.7MM|
|Assets and Liabilities|
|Assets||Q3 2016vs Q3 2015||$9.20B$8.35B|
|Loans||Q3 2016vs Q3 2015||$7.11B$6.13B|
|Deposits||Q3 2016vs Q3 2015||$6.66B$6.28B|
|Equity Capital||Q3 2016vs Q3 2015||$1.35B$1.27B|
|Loan Loss Allowance||Q3 2016vs Q3 2015||$53.2MM$44.5MM|
|Unbacked Noncurrent Loans||Q3 2016vs Q3 2015||$62.9MM$51.5MM|
|Real Estate Owned||Q3 2016vs Q3 2015||$3.1MM$511.00K|
Rates for PlainsCapital Bank are currently being reviewed.