Hilltop Holdings Inc.
Corporate brand
UnclaimedHilltop Holdings Inc. is a Dallas-based financial holding company whose businesses span commercial banking, residential mortgage lending, securities brokerage, investment banking, and financial advisory services.
Last updated August 31, 2026
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Overview
Hilltop Holdings Inc. is a United States financial holding company headquartered in Dallas, Texas. Its principal operating businesses are PlainsCapital Bank, PrimeLending, HilltopSecurities, and Momentum Independent Network. Together, these subsidiaries give the group a broad financial-services platform covering commercial and consumer banking, residential mortgage origination, public finance, capital markets, retail brokerage, securities clearing, and investment advisory services. The company was established in 1998 as Affordable Residential Communities, a real estate investment trust focused on acquiring, renovating, and operating manufactured-home communities. After selling that business in 2007 for approximately $1.8 billion, the company adopted the Hilltop Holdings name and began repositioning itself as a diversified financial-services organization. It entered insurance that year through the acquisition of National Lloyds Corporation, an insurer specializing in manufactured-home coverage, although that business was later sold in 2020. Hilltop's most important strategic transformation came through its acquisition of PlainsCapital Corporation in 2012. The transaction brought PlainsCapital Bank, PrimeLending, and First Southwest Company into the group and established the core banking, mortgage, and securities businesses that define Hilltop today. Hilltop subsequently acquired the former First National Bank of Edinburg in 2013, completed the acquisition of SWS Group in 2015, and combined First Southwest Company with Southwest Securities to create HilltopSecurities in 2016. In 2018 it acquired The Bank of River Oaks in Houston in an all-cash transaction. PlainsCapital Bank is Hilltop's Texas-focused banking subsidiary. It serves commercial enterprises, small businesses, private-banking clients, and consumers through lending, treasury management, deposit products, trust and wealth-management services, and other banking offerings. PrimeLending, a wholly owned subsidiary of PlainsCapital Bank, is a national residential mortgage originator offering conventional, government-backed, jumbo, renovation, refinancing, and relocation-related lending products. HilltopSecurities serves public and private-sector organizations, issuers, investors, and financial institutions through public finance, capital markets, retail brokerage, structured finance, securities lending, clearing, and advisory activities. As reported with its December 31, 2024 earnings results, Hilltop Holdings had approximately 3,650 employees, about 280 locations, and operations in 48 U.S. states. The same report stated that total assets were approximately $16.3 billion. The group remains primarily focused on the U.S. market, with banking concentrated in Texas and mortgage and securities activities conducted across a much wider national footprint. Jeremy Ford became the company's sole chief executive officer in April 2019, while William Furr was appointed chief financial officer in September 2016.
History
Hilltop Holdings began in 1998 under the name Affordable Residential Communities. Its original business was structured as a real estate investment trust focused on manufactured-home communities, including their acquisition, renovation, and operation. The company went public through an initial public offering in July 2004. In 2007, Affordable Residential Communities sold its manufactured-home-community assets for approximately $1.8 billion. Following that divestiture, it changed its name to Hilltop Holdings Inc. and began developing a new financial-services identity. The same year, the company acquired National Lloyds Corporation, an insurance business specializing in coverage for manufactured homes. This insurance operation remained part of the group until Hilltop sold National Lloyds and its subsidiaries to Align Financial Holdings, LLC in 2020. The decisive step in Hilltop's transformation was the November 30, 2012 acquisition of PlainsCapital Corporation. The deal added PlainsCapital Bank, PrimeLending, and First Southwest Company. PlainsCapital Bank provided a Texas commercial and consumer banking platform; PrimeLending added national residential mortgage origination; and First Southwest supplied public finance and investment-banking capabilities. In 2013, Hilltop acquired the former First National Bank of Edinburg, Texas, and integrated its operations into PlainsCapital Bank. Hilltop further expanded its securities activities through the acquisition of SWS Group Inc., completed in January 2015. SWS Group's businesses included Southwest Securities. As part of the integration, Southwest Securities Federal Savings Bank was merged into PlainsCapital Bank. First Southwest Company was moved from the bank structure to become a direct Hilltop Holdings subsidiary, allowing the group to reorganize its securities businesses more directly at the holding-company level. In January 2016, First Southwest Company and Southwest Securities merged and began operating under the HilltopSecurities name after receiving regulatory approval. HilltopSecurities became the group's principal securities and investment-banking franchise, serving public and private organizations, issuers, investors, and other financial-services clients. Its activities include capital markets, public finance, retail brokerage, structured finance, securities lending, securities clearing, and financial advisory services. HilltopSecurities also became a founding member of the American Securities Association, an association created to represent mid-sized and regional investment banks and securities dealers. Hilltop completed the acquisition of Houston-based The Bank of River Oaks in August 2018 in an all-cash transaction reported at $85 million. The deal expanded Hilltop's Texas banking presence. In April 2019, Jeremy Ford was named the company's sole chief executive officer. William Furr had become chief financial officer in September 2016. The company operates through a combination of Texas-centered banking and nationally distributed mortgage and securities businesses. PlainsCapital Bank provides commercial lending, treasury management, small-business banking, private banking, trust and wealth management, and consumer banking through locations across Texas. PrimeLending originates residential mortgages throughout the United States and the District of Columbia, while HilltopSecurities maintains a nationwide securities-services network. At December 31, 2024, Hilltop reported approximately 3,650 employees, about 280 locations in 48 states, and total assets of approximately $16.3 billion.
- 2020
National Lloyds divestiture
[1]Hilltop completes the sale of National Lloyds Corporation and its subsidiaries.
- 2018
The Bank of River Oaks acquisition
[1]Hilltop completes its acquisition of the Houston-based Bank of River Oaks.
- 2016
HilltopSecurities is formed
[1]First Southwest Company and Southwest Securities merge into the HilltopSecurities platform.
- 2015
SWS Group acquisition
[1]Hilltop completes the acquisition of SWS Group and begins integrating Southwest Securities with its existing securities operations.
- 2012
PlainsCapital Corporation acquisition
[1]Hilltop acquires PlainsCapital Corporation and brings PlainsCapital Bank, PrimeLending, and First Southwest Company into the group.
- 2007
Company adopts Hilltop Holdings name
[1]After selling its manufactured-home-community assets, the company changes its name to Hilltop Holdings and acquires National Lloyds Corporation.
- 2004
Initial public offering
[1]Affordable Residential Communities completes its initial public offering in July.
- 1998
Affordable Residential Communities is established
[1]The company is formed as a real estate investment trust focused on manufactured-home communities.
Products and positioning
A diversified regional-to-national financial-services holding company combining Texas-based commercial banking with nationwide mortgage lending and securities businesses.
Commercial and consumer banking
PlainsCapital Bank
PlainsCapital Bank is Hilltop's Texas-focused banking subsidiary. It provides commercial lending, deposit and treasury-management services, small-business banking, private banking, trust and wealth-management services, and consumer banking. The bank operates through a network of Texas branches and serves businesses, institutions, and individuals.
Residential mortgage lending · 1986
PrimeLending
PrimeLending is a national residential mortgage originator and a subsidiary of PlainsCapital Bank. Its lending range includes conventional fixed- and adjustable-rate mortgages, FHA, VA, USDA, and jumbo loans, as well as refinancing, renovation, and relocation-related services. It originates loans across the United States and the District of Columbia and sells many originated loans into secondary markets.
Brokerage, investment banking, and advisory services · 2016
HilltopSecurities
HilltopSecurities is Hilltop's securities and investment-banking business, created through the combination of First Southwest Company and Southwest Securities. It operates as a broker-dealer and registered investment adviser, offering public finance, capital markets, retail brokerage, structured finance, securities lending, securities clearing, and financial advisory services to issuers, investors, public entities, private organizations, and financial institutions.
Independent financial network
Momentum Independent Network
Momentum Independent Network is a Hilltop subsidiary associated with the group's broader brokerage and investment-services activities. The available reference material identifies it as one of Hilltop's primary subsidiaries but does not provide a fuller product description.
Brand decisions
2020
Sale of National Lloyds CorporationM&ABackground
Hilltop had operated National Lloyds as part of its post-2007 financial-services portfolio.
Action taken
It sold National Lloyds Corporation and its subsidiaries to Align Financial Holdings, LLC.
Aftermath
The divestiture reduced Hilltop's exposure to insurance and left banking, mortgage lending, and securities services as its principal businesses.
Sale price. $150 million (June 2020)
2018
Acquisition of The Bank of River OaksM&ABackground
Hilltop continued expanding its Texas banking footprint.
Action taken
It acquired Houston-based The Bank of River Oaks in an all-cash transaction.
Aftermath
The transaction strengthened Hilltop's presence in the Houston banking market.
Purchase price. $85 million (August 2018)
2016
Creation of HilltopSecuritiesGeneration changeBackground
Hilltop owned First Southwest Company and Southwest Securities after the SWS Group acquisition.
Action taken
Following regulatory approval, the two securities businesses were merged and launched under the HilltopSecurities name.
Aftermath
The new brand consolidated public finance, capital markets, brokerage, clearing, and advisory operations under one national platform.
2015
Acquisition of SWS GroupM&ABackground
Hilltop pursued additional scale in securities brokerage and related financial services.
Action taken
It acquired SWS Group and its subsidiaries in a stock-and-cash transaction and began reorganizing Southwest Securities with First Southwest.
Aftermath
The integration ultimately produced HilltopSecurities and expanded the group's securities capabilities.
Approximate transaction value. $350 million (January 2015)
2012
Acquisition of PlainsCapital CorporationM&ABackground
Hilltop sought to establish a larger, integrated financial-services platform.
Action taken
It acquired PlainsCapital Corporation and its operating subsidiaries, including PlainsCapital Bank, PrimeLending, and First Southwest Company.
Aftermath
The transaction became the central foundation of Hilltop's banking, mortgage, and securities businesses.
2007
Shift from manufactured-home communities to financial servicesStrategyBackground
The company sold its manufactured-home-community business after operating as Affordable Residential Communities.
Action taken
It adopted the Hilltop Holdings name and began building a financial-services portfolio, initially including National Lloyds Corporation.
Aftermath
The divestiture marked the beginning of Hilltop's transition from a real estate investment trust into a diversified financial holding company.
Sale proceeds. $1.8 billion (2007)
Recent events
Sources2 sources
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