South Plains Financial, Inc. (NASDAQ: SPFI) (“the company”, “South Plains”) is the bank holding company for City Bank (“the bank”), a Texas chartered bank headquartered in Lubbock, TX. With approximately $4.3 billion in total assets, $3 billion in loans, and $3.7 billion in deposits, the company operates through 25 branches and 8 MPOs located across several geographic markets including Lubbock, Houston, College Station, and Dallas. Other regions include Midland, Odessa, and El Paso, TX and Ruidoso, NM.
Principal business activities include commercial and retail banking, along with investment, trust, and mortgage services to small businesses and individuals in the company’s market area.
Chairman and CEO, Mr. Curtis Griffith, has been with the company since its inception and has worked with its predecessor institutions since 1972. He is the company’s largest shareholder at 10.7% as of 11/5/2024.
SPFI’s loan portfolio is diverse and…
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