Hilltop Holdings Inc. (NYSE: HTH), a Dallas-based holding company, today announced that it has completed its acquisition of Dallas-based PlainsCapital Corporation, the financial services holding company for PlainsCapital Bank, PrimeLending, and FirstSouthwest. PlainsCapital Corporation is now a wholly owned subsidiary of Hilltop. Based on Hilltop’s closing market price of $14.29 as of November 30, 2012, the total value of the consideration for the acquisition was approximately $700 million. The deal was recently ranked by SNL Financial as one of the top 10 biggest bank and thrift deals since Jan. 1, 2010. “This transaction is a significant accomplishment for Hilltop and PlainsCapital,” said Gerald J. Ford, chairman of Hilltop. “This gives Hilltop the opportunity to own a financial services company that has a proven track record of success, strength and stability. In return, PlainsCapital has access to additional capital for future growth.” PlainsCapital Corporation Chairman and CEO Alan B. White will continue to lead the PlainsCapital family of companies. He has also been named vice chairman of Hilltop and chairman of the executive committee for Hilltop. Jeremy B. Ford will continue to serve as president and CEO of Hilltop. Stephens Inc. served as financial advisor to Hilltop, and Wachtell, Lipton, Rosen & Katz served as legal advisor. JPMorgan Securities LLC served as financial advisor to PlainsCapital Corporation, and Sullivan & Cromwell and Haynes & Boone served as legal advisors. About Hilltop Holdings Hilltop Holdings is a Dallas-based financial holding company that is a regional commercial banking franchise through its wholly owned subsidiary, PlainsCapital Corporation, a diversified Dallas-based financial services company with $6.4 billion in assets as of September 30, 2012, and three operating companies: PlainsCapital Bank, PrimeLending, and FirstSouthwest. PlainsCapital employs 3,700 people and operates 330 locations in 42 states. Hilltop Holdings is also parent company to NLASCO, a property and casualty insurance holding company. Hilltop's common stock is listed on the New York Stock Exchange under the symbol "HTH." Find more information at Hilltop-Holdings.com and PlainsCapital.com.