DALLAS--(BUSINESS WIRE)--
Dallas-based Hilltop Holdings Inc. (NYSE: HTH) announced that it has
relocated its corporate headquarters from 200 Crescent Court in the
Dallas Uptown area to a larger office space at One Victory Park, just
northwest of downtown Dallas. The financial holding company also has
consolidated its executive team and many of its corporate support
functions at the new location.
Hilltop Holdings has experienced substantial growth in recent years,
completing extensive acquisitions and operational integrations, as well
as an organization-wide restructuring. Growth at the corporate level has
coincided with the expansion of the company’s operations to ensure an
appropriate and scalable holding company structure to effectively manage
an organization of Hilltop Holding’s size. Since early 2013, the company
has grown by 39 percent to approximately 5,500 employees nationwide. For
the same period, headcount at the holding company increased by 93
percent to 145 employees, as staffing needs have grown in key functional
areas such as human resources, accounting, information technology, and
risk management.
According to Jeremy B. Ford, Hilltop Holdings president and co-CEO, the
decision to relocate the corporate headquarters best serves the
company’s employees and shareholders.
“The benefit in relocating and consolidating many of our corporate
operations at a single, larger location is the ability to improve
communication, collaboration, and efficiency,” said Ford. “The location
at One Victory Park allows us increased space to accommodate our growth.”
The 29,000-square-foot headquarters was existing space leased by the
company. Additionally, one of Hilltop Holding’s subsidiaries,
PlainsCapital Bank—a regional, Texas-based commercial bank—currently
occupies approximately 20,000-square-feet of office space in the same
building, including a branch location. Hilltop Holding’s top management
had operated at its previous headquarters location since 2007.
“This move was really designed to help further our efforts to build a
common corporate culture and execute a common strategy,” said Hilltop
Holdings Vice Chairman and Co-CEO Alan B. White. “This is simply one
more step in our drive to be a more competitive player in the financial
markets we serve, focused on profitable and successful operations.”
Hilltop Holdings is ranked No. 34 on the Forbes
2017 Best Banks in America listing of the top 100 largest publicly
traded banks and thrifts and ranks No. 4 among Texas-based banks.
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 Hilltop Securities Independent Network Inc., provide 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 Company and American
Summit Insurance Company. At September 30, 2017, Hilltop employed
approximately 5,500 people and operated approximately 475 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 plans,
objectives, strategies, expectations and intentions and other statements
that are not statements of historical fact, and may be identified by
words such as “anticipates,” “approximately,” “believes,” “could,”
“estimates,” “expects,” “focused,” “forecasts,” “goal,” “intends,”
“may,” “might,” “plan,” “probable,” “projects,” “seeks,” “should,”
“target,” “view” or “would” or the negative of these words and phrases
or similar words or phrases. For a discussion of certain factors that
could cause our actual results to differ materially from those described
in the forward-looking statements, please see the risk factors discussed
in our 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180108005195/en/
Hilltop Holdings Inc.
Ben Brooks, 214-252-4047
ben.brooks@hilltop-holdings.com
Source: Hilltop Holdings Inc.