DALLAS--(BUSINESS WIRE)--
To continue delivering on its long-term vision to build a premier,
diversified financial services company, Dallas-based Hilltop Holdings
Inc. (NYSE: HTH) today announced that Jeremy
B. Ford and Alan
B. White have been named co-CEOs. Jeremy B. Ford was previously sole
CEO and president of Hilltop Holdings, while Alan B. White was vice
chairman of Hilltop Holdings and CEO of PlainsCapital Corporation, a
Hilltop subsidiary. Mr. Ford will be president and co-CEO and Mr. White
will be vice chairman and co-CEO of Hilltop Holdings.
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Jeremy B. Ford president and co-CEO, Hilltop Holdings (Photo: Business Wire)
Announcing the change, Jeremy Ford said, “This is an exciting time in
Hilltop Holdings’ history. After 36 months of extensive acquisitions,
integrations, and organic growth since our initial PlainsCapital
Corporation acquisition, we are making strategic changes to our
executive roster and organizational platform to position our company for
future success. The new Hilltop company structure provides leadership
for the entire organization, promotes consistency and accountability,
focuses on our strengths and supports a more coordinated and cohesive
long-term growth strategy. Alan and I are committed to working together
to take Hilltop to the next level.”
As co-CEOs, Ford and White have the joint mission of driving Hilltop’s
next phase of growth. White will oversee Hilltop’s revenue generating
operations comprised of PlainsCapital Bank, PrimeLending, Hilltop
Securities Inc. and National Lloyds Corporation. Ford will oversee
Hilltop’s corporate functions, including: accounting and finance; risk
and compliance; legal; corporate development; and corporate
administrative areas.
In conjunction with these leadership moves, Hilltop’s wholly owned
subsidiary, PlainsCapital Corporation, the holding company for operating
entities PlainsCapital Bank and PrimeLending, will be fully integrated
into the Hilltop Holdings parent to create a single, unified holding
company for the entire organization.
“Hilltop is entering a new era of success,” said White. “I look forward
to working with Jeremy as we focus on creating a platform that supports
the operations of our subsidiary companies, enabling them to do what
they do best and focus on revenue generation and growth. We intend to
make these strategic changes without impacting the way we do business or
affecting the unique, relationship-based corporate culture that drives
our success.”
“We are laying the groundwork for the next chapter of Hilltop Holdings,”
said Ford. “By separating functional-level and business-level
decision-making, we’ll make our company even more effective, allowing us
to accomplish our goals in the most productive way possible.”
Additional leadership announcements for Hilltop Holdings include the
recent hiring of former KeyCorp executive William
B. Furr, who was named chief financial officer, and the move of Darren
E. Parmenter to chief administrative officer. Parmenter previously
served as Hilltop’s principal financial officer. With the integration of
PlainsCapital Corporation into Hilltop Holdings, PlainsCapital
Corporation’s former president and COO James
R. Huffines has moved to chief operating officer for subsidiaries
for Hilltop Holdings. In addition, John
A. Martin, former CFO of PlainsCapital Corporation, has been named
chief accounting officer of Hilltop Holdings.
About Hilltop Holdings
Hilltop Holdings is a Dallas-based financial holding company. Through
its wholly owned subsidiaries PlainsCapital Bank and PrimeLending, it
provides regional commercial banking services and national residential
mortgage origination. Through its wholly owned subsidiaries Hilltop
Securities Inc. and Hilltop Securities Independent Network Inc., it
provides a full complement of securities brokerage, institutional and
investment banking services in addition to clearing services and retail
financial advisory. Through Hilltop Holdings’ other wholly owned
subsidiary, National Lloyds Corporation, it provides property and
casualty insurance through two insurance companies, National Lloyds
Insurance Companyand American Summit Insurance Company. At June 30,
2016, Hilltop employed approximately 5,400 people and operated
approximately 450 locations in 44 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,
Nationallloydsinsurance.com
and HilltopSecurities.com.
Forward-Looking Statements
This press 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 business
strategy, our financial condition and our efforts to make strategic
acquisitions. For a discussion of factors that may cause our results,
performance or achievements to be materially different, see the risk
factors described in the Hilltop Annual Report on Form 10-K for the year
ended December 31, 2015 and other reports filed with the Securities and
Exchange Commission. All forward-looking statements are qualified in
their entirety by this cautionary statement.
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Hilltop Holdings Inc.
Media Contact:
Jennifer Sterns,
214-252-4066
jennifer.sterns@plainscapital.com
or
Investor
Relations Contact:
Isabell Novakov, 214-252-4029
inovakov@plainscapital.com
Source: Hilltop Holdings