Hilltop Holdings Inc. (NYSE:HTH) Files An 8-K Other Events

ME Staff 8-k
-
0

Hilltop Holdings Inc. (NYSE:HTH) Files An 8-K Other Events
Item 8.01 Other Events.

Hilltop Securities Inc., an indirect wholly owned subsidiary of Hilltop Holdings Inc., entered into a Settlement Agreement with the Rhode Island Commerce Corporation. Under the Settlement Agreement, Hilltop Securities Inc. has agreed to pay $16.0 million to settle any and all claims in connection with The Rhode Island Economic Development Corporation Job Creation Guaranty Program Taxable Revenue Bond (38 Studios, LLC Project) Series 2010, including the litigation related thereto. The Settlement Agreement contains no admission of liability or wrongdoing and remains subject to court approval.


About Hilltop Holdings Inc. (NYSE:HTH)

Hilltop Holdings Inc. is a financial holding Company. The Company provides business and consumer banking services from offices located throughout Texas through PlainsCapital Corporation (the Bank). It has three operating business units, which include PlainsCapital (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) and National Lloyds Corporation (NLC). Its segments include banking, broker-dealer, mortgage origination and insurance. The banking segment includes the operations of the Bank. The broker-dealer segment includes the operations of First Southwest Holdings, LLC (First Southwest), Hilltop Securities Inc. (Hilltop Securities) and Hilltop Securities Independent Network Inc. (HTS Independent Network). The mortgage origination segment operates through a subsidiary of the Bank, PrimeLending. The insurance segment consists of the operations of NLC. The Bank provides banking and wealth, investment and treasury management services.

Hilltop Holdings Inc. (NYSE:HTH) Recent Trading Information

Hilltop Holdings Inc. (NYSE:HTH) closed its last trading session up +0.18 at 27.56 with 336,704 shares trading hands.