Haynes and Boone Advises PlainsCapital in Major Acquisition

November 17, 2008

DALLAS – Haynes and Boone, LLP attorneys advised PlainsCapital Corporation, holding company for PlainsCapital Bank, in its signing of a definitive agreement to acquire First Southwest Holdings, Inc., the holding company for Dallas-based financial advisory and investment bank First Southwest Company.

The acquisition brings together Texas’ second-largest privately held commercial bank and the second-ranked public finance advisory firm in the United States to create a full-service middle market bank for Texas and the Southwest.

Haynes and Boone partner Greg Samuel led the Dallas-based attorney team, which included partner Susan A. Wetzel, and associates Ashley M. Shurtleff, Evan Hall and Ryan R. Cox.

With recent consolidation in the investment banking industry, PlainsCapital Bank and First Southwest Company now benefit from fewer competitors in the investment banking sector.

With $3.4 billion in assets, PlainsCapital Bank is a commercial and private bank that specializes in serving middle market companies and high net worth individuals. PlainsCapital Bank operates locations in Austin, Dallas, Fort Worth, Lubbock and San Antonio.

The acquisition is expected to increase deposits by an estimated $370 million, and to increase assets by an estimated $500 to $700 million.

Haynes and Boone, LLP is an international corporate law firm with offices in Texas, New York, Washington, D.C., Mexico City and Moscow, providing a full spectrum of legal services. With more than 500 attorneys, Haynes and Boone is ranked among the largest law firms in the nation by The National Law Journal. The firm has been recognized as one of the "Best Corporate Law Firms in America" (Corporate Board Member Magazine, 2001-2008), as one of "The Best 20 Law Firms to Work For" (Vault.com, 2008), and as a Top 100 law firm for both diversity (MultiCultural Law Magazine, 2008) and women (Women 3.0, 2008).

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