Hilltop Holdings in Texas Adopts Co-CEO Model

Hilltop Holdings in Dallas has promoted Alan White to share the chief executive role with Jeremy Ford.

The $13.1 billion-asset company said in a press release Monday that White, who is vice chairman and CEO of its PlainsCapital unit, will share a title that Ford had held exclusively. Ford remains Hilltop's president.

Hilltop said the co-CEOs will concentrate on generating revenue and growth at its subsidiaries. White will oversee revenue generating operations at PlainsCapital Bank, PrimeLending, Hilltop Securities and National Lloyds Corp. Ford, who is the son of Hilltop Chairman Gerald Ford, will oversee corporate functions such as accounting and finance, risk and compliance, legal, corporate development, and corporate administrative areas.

As part of the re-organization, PlainsCapital, the holding company for PlainsCapital Bank and PrimeLending, will be fully integrated with Hilltop "to create a single, unified holding company for the entire organization," the release said.

In addition, PlainsCapital's former president and chief operating officer, James Huffines, was named COO for Hilltop's subsidiaries, while former chief financial officer, John Martin, was named chief accounting officer.

In August, Hilltop hired William Furr, a former KeyCorp executive, to become its CFO, and Darren Parmenter, the company’s principal financial officer, was appointed to the new role of chief administrative officer.