Hilltop Holdings Inc. Announces Pending Retirement of PlainsCapital Bank President and CEO Jerry Schaffner in May 2024
20 Novembre 2023 - 10:05PM
Business Wire
COO Brian Heflin Promoted to President of
PlainsCapital Bank, CAO Pete Villarreal Promoted to COO, and
Hilltop President and CEO Jeremy B. Ford to Serve as CEO
Hilltop Holdings Inc. (NYSE: HTH) (“Hilltop”) today announced
that Jerry Schaffner, President and CEO of Hilltop’s banking
subsidiary, PlainsCapital Bank (the “Bank”), is retiring on May 1,
2024. At that time, Hilltop President and CEO Jeremy B. Ford will
become CEO of PlainsCapital Bank. In anticipation of the
transition, PlainsCapital Chief Operating Officer Brian Heflin has
been named President of the Bank, and current Chief Administrative
Officer Pete Villarreal has been named Chief Operating Officer
effective immediately. Schaffner will continue to serve on
PlainsCapital Bank’s board of directors, and Ford will continue to
serve as President and CEO of Hilltop and Chairman of PlainsCapital
Bank following the transition.
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Jerry Schaffner (Photo: Business
Wire)
“Jerry Schaffner has had an astonishing career spanning 42 years
and has been a key leader at PlainsCapital since its very beginning
in 1988,” Ford said. “As we celebrate his well-deserved retirement
and implement our succession plan, I am honored and grateful for
the opportunity to build on Jerry’s legacy. This is an exciting
time for our organization, as we remain focused on supporting and
growing our markets and enhancing the Bank’s connectivity and
profitability. We are fortunate to have Brian as President and Pete
as COO, as both bring proven tenured leadership to their new roles.
I look forward to working with them and the rest of the Bank’s
leadership as we continue to serve our customers, employees,
communities, and shareholders.”
Schaffner joined PlainsCapital in 1988 as a vice president in
Lubbock, Texas. During his tenure, he has served as Chief Lending
Officer and Banking Group President, before being named President
and CEO in 2010.
“PlainsCapital has been an important part of my life for the
past 35 years, and I consider our organization to be part of my
extended family,” Schaffner said. “While my decision to retire was
a difficult one, I know it is the right time for both me and the
Bank. PlainsCapital is in a remarkably strong position, and I have
complete confidence in the Bank’s leadership. My time at the Bank
has been incredibly rewarding, and I look forward to this exciting
next chapter.”
Heflin joined PlainsCapital Bank in 1987 and led the Bank’s
entry into the North Texas region in 1999. In addition to his
position as Chief Operating Officer, he previously has served as
North Texas Region Chairman and President of PlainsCapital Bank’s
Turtle Creek branch in Dallas.
“I am honored to serve in my new role as President of
PlainsCapital Bank and look forward to working closely with Jeremy,
Pete, and the rest of the Bank’s leadership throughout the
transition period and beyond,” Heflin said. “I am happy for Jerry
as he enters retirement and want to express my deep gratitude for
his 35 years of guidance and leadership. It has truly been an honor
working alongside him.”
Villarreal joined PlainsCapital Bank in 1988 and previously
served as Chief of Bank Operations before being named Chief
Administrative Officer in 2012.
“I am excited about the beginning of this new phase for
PlainsCapital and consider it a privilege to serve in my new role
as Chief Operating Officer,” Villarreal said. “Jerry has been a
friend and mentor for more than three decades and I congratulate
him on his pending retirement. Following his example, the Bank will
remain focused on providing the highest level of service for our
customers and working to enhance our operations throughout the
markets we serve.”
About Hilltop Holdings Inc.
Hilltop Holdings is a Dallas-based financial holding company.
Its primary line of business is to provide business and consumer
banking services from offices located throughout Texas through
PlainsCapital Bank. PlainsCapital Bank’s wholly owned subsidiary,
PrimeLending, provides residential mortgage lending throughout the
United States. Hilltop Holdings’ broker-dealer subsidiaries,
Hilltop Securities Inc. and Momentum Independent Network Inc.,
provide a full complement of securities brokerage, institutional
and investment banking services in addition to clearing services
and retail financial advisory. At September 30, 2023, Hilltop
employed approximately 3,900 people and operated 336 locations in
48 states. Hilltop Holdings' common stock is listed on the New York
Stock Exchange under the symbol "HTH." Find more information at
Hilltop-Holdings.com, PlainsCapital.com, PrimeLending.com and
Hilltopsecurities.com.
FORWARD-LOOKING STATEMENTS DISCLAIMER
This release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
performance or achievements to be materially different from any
future results, performance or achievements anticipated in such
statements. Forward-looking statements speak only as of the date
they are made and, except as required by law, we do not assume any
duty to update forward-looking statements. Such forward-looking
statements include, but are not limited to, statements concerning
such things as our plans, objectives, strategies, expectations,
intentions and other statements that are not statements of
historical fact, and may be identified by words such as “believe,”
““expects,” “focus,” “may,” “plan,” “seeks,” “strategy,” “will” or
“would” or the negative of these words and phrases or similar words
or phrases. See the risk factors described in Hilltop Holdings
Inc.’s most recent Annual Report on Form 10-K and subsequent
Quarterly Reports on Form 10-Q and other reports that are filed
with the Securities and Exchange Commission. All forward-looking
statements are qualified in their entirety by this cautionary
statement.
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version on businesswire.com: https://www.businesswire.com/news/home/20231120318810/en/
Investor Relations Contact: Hilltop Holdings Inc. Erik
Yohe 214-525-4634 eyohe@hilltop-holdings.com
Media Relations Contact: Hilltop Holdings Inc. Ben Brooks
214.252.4047 Ben.Brooks@Hilltop-Holdings.com
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