Business
Plains Acquisition Corporation’s Subsidiaries Completes Sales of Wealth Management and Tax Divisions to Cetera’s The Retirement Planning Group, LLC
Plains Acquisition Corporation’s Subsidiaries Completes Sales of 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) (the “Company”) today\r\nannounced that it has successfully completed the previously announced sale of\r\nthe assets of Plains Wealth Management and Plains Tax Strategies. The assets\r\nwere sold by the Company’s subsidiaries, Plains State Bank and Plains Financial\r\nServices, Inc., to The Retirement Planning Group, LLC (“TRPG”), a subsidiary of\r\nCetera Financial Group, Inc.\r\n“We are pleased to announce the successful closing of these\r\ntransactions,” said Milan Saunders, Chairman and CEO of Plains Acquisition\r\nCorporation. “The completion of this sale represents a significant milestone in\r\nour strategic plan to streamline our operations. By divesting these divisions,\r\nwe are now fully positioned to dedicate our capital and leadership focus toward\r\nthe growth and enhancement of our core community banking services through\r\nPlains State Bank. We wish the TRPG and Cetera teams continued success as they\r\nwelcome these clients and professionals.”\r\nThe closing of these transactions, which were initially\r\nannounced on October 15, 2025, marks the successful divestiture of the\r\nCompany’s wealth management and tax preparation divisions.\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 approximately 4,400 clients and $4 billion in assets under\r\nmanagement, as of September 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 financial decision they face throughout their lives\r\nby providing comprehensive wealth management services, including retirement\...