PlainsCapital Bank Completes Merger With First Southwest - KCBD NewsChannel 11 Lubbock


PlainsCapital Bank Completes Merger With First Southwest

The merger between PlainsCapital and First Southwest is complete. PlainsCapital, which used to be headquartered in Lubbock, made the announcement Friday. Both banks are Dallas based. The merger was accomplished with a stock swap.

First Southwest is known as a finance advisor to more than 15 hundred public entities in Texas and nine other states. This news comes just one week after PlainsCapital said nearly $88 million of federal "TARP" or "Troubled Asset Relief Program" money that it accepted was not a bailout.

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