Co-CEO Jeremy Ford to take over as sole CEO
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Hilltop Holdings, the Dallas-based parent company of PrimeLending, has announced that co-chief executive officer and vice chairman Alan White will step down from his role as of April 1.
White, who founded PlainsCapital Bank in 1988, is retiring from Hilltop Holdings’ board of directors as well as his other leadership roles with Hilltop and PlainsCapital Bank. He has served as co-CEO of Hilltop Holdings with Jeremy Ford since September 2016. After White’s retirement, Ford will continue in his role as president and take over as the company’s sole CEO. Meanwhile, Jerry Schaffner will carry on as president and CEO of PlainsCapital.
“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,” said White. “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. Our company’s financial strength has us well-positioned for future growth, and I’m excited about the opportunities that lie ahead for Hilltop.”
“Alan White has been instrumental in building Hilltop Holdings into the organization that it is today,” said Ford. “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.”
PlainsCapital Bank has grown from $160 million in assets to over $10 billion during White’s leadership. He was responsible for the expansion of PlainsCapital into major markets all over Texas, as well as its acquisition of national mortgage originator PrimeLending and national broker-dealer First Southwest Company – now HilltopSecurities. White also played a large part in PlainsCapital Corporation’s 2012 sale to Hilltop Holdings.
