Plains State Bank acquires Houston-based financial and tax strategies company

In late September, Texas-based Plains State Bank (PSB) acquired Core+ Financial Strategies and Core+ Tax Strategies (Core+), adding a portfolio of complementary services for small businesses and individual customers. The advisors at Core+ Financial Strategies have chosen Raymond James Financial Services as their broker/dealer.

“The principals at Core+ have been helping clients with investment planning for many years,” said Lori Hilman, president and chief operating officer for Plains State Bank. “It just made sense that this was the next step — rather than having this longtime referring relationship, let’s have Core+ become a part of our family.”

The acquisition brings decades of wealth management and tax experience — along with more than $300 million in client assets — from Core+ Financial Strategies to go along with PSB’s existing core lending and treasury management services.

Core+ Financial Strategies and Core+ Tax Strategies, which have locations in Houston and Cypress, will continue to operate as usual.