Business
Plains Acquisition Corporation’s Subsidiaries Agree to Sell Wealth Management and Tax Divisions to Cetera’s The Retirement Planning Group, LLC
Plains Acquisition Corporation’s Subsidiaries Agree to Sell Wealth Management and Tax Divisions to Cetera’s The Retirement Planning Group, LLC.
About this update from Plains Acquisition Corp.
[{"type":"text","content":"Plains Acquisition Corporation (OTC: PLQC) today announced\r\nthat its subsidiaries, Plains State Bank and Plains Financial Services, Inc.,\r\nhave entered into definitive agreements with The Retirement Planning Group, LLC\r\n(“TRPG”), an affiliate of Cetera Financial Group, Inc., to sell all the assets\r\nof Plains Wealth Management and Plains Tax Strategies.\r\nPlains Wealth Management, a division of Plains State Bank, specializes\r\nin tax-smart investment strategies tailored to the interests and goals of their\r\nclients. Plains Tax Strategies, operated by Plains Financial Services, Inc., provides\r\ntax preparation, tax planning, bookkeeping, and payroll services to both\r\nindividual and business clients. Cetera Financial Group, Inc. is a leading\r\nfinancial advisory wealth hub.\r\n“This divestiture\r\nallows us to sharpen our focus and allocate resources entirely to our core\r\nmission of delivering exceptional community banking services through Plains\r\nState Bank,” said Milan Saunders, Chairman and CEO. “We are confident that\r\nCetera and TRPG will be excellent stewards of the wealth management and tax\r\npractices and their clients.”\r\nThe definitive agreements were executed on October 8, 2025\r\nand the transactions are expected to close in December 2025, subject to\r\ncustomary closing conditions.\r\n \r\nAbout Plains Acquisition Corporation \r\nPlains State Bank was established in 1957 in Plains, Texas.\r\nIn 2008, Plains Acquisition Corporation was founded and acquired Plains State\r\nBank. Following the acquisition, the bank charter and headquarters were moved\r\nto Humble, Texas. Today, Plains State Bank is primarily focused on serving the\r\nbanking needs of small businesses in the communities surrounding the Houston\r\nMSA and Yoakum County. Plains Acquisition Corporation’s common stock is traded\r\non the OTCID Basic Market under the ticker symbol PLQC.\r\n \r\nAbout The Retirement Planning Group\r\nThe Retirement Planning Group (TRPG) is Cetera's\r\nemployee-based RIA and an SEC registered investment advisory firm headquartered\r\nin Leawood, KS. With over 3,100 clients and approximately $3 billion in assets\r\nunder management, as of June 30, 2025, TRPG is one of the fastest growing\r\ncompanies in the Kansas City area. TRPG helps clients and their families\r\nnationwide navigate every financia...