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Breaking: Dallas-Based PlainsCapital Offers First U.S. Bank IPO in Two Years

Posted on October 22nd, 2009 1:42pm by Candy Evans
Filed under Changing market trends in Real Estate, Wall Street meltdown

Further proof of how Texas is an island of stability in this recession: PlainsCapital Corp. is going public, to not only re-pay its government loans, but to increase revenue — though the Dallas-based bank and mortgage holding company has done extremely well with revenues increasing 30% over the last five years. PlainsCapital is the parent to PrimeLending, a local residential mortgage company with offices nationwide.

Maybe there’s hope for jumbos after all.

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One Comment to “Breaking: Dallas-Based PlainsCapital Offers First U.S. Bank IPO in Two Years”
  • Will Gray @ October 24th, 2009 at 3:23 pm

    I hope PCB does well. My company does its business banking with them and they are exceptional in the services offered and customer service!

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