Plains Acquisition Corporation (OTC: PLQC) today announced that its subsidiaries, Plains State Bank and Plains Financial Services, Inc., have entered into definitive agreements with The Retirement Planning Group, LLC (“TRPG”), an affiliate of Cetera Financial Group, Inc., to sell all the assets of Plains Wealth Management and Plains Tax Strategies.
Plains Wealth Management, a division of Plains State Bank, specializes in tax-smart investment strategies tailored to the interests and goals of their clients. Plains Tax Strategies, operated by Plains Financial Services, Inc., provides tax preparation, tax planning, bookkeeping, and payroll services to both individual and business clients. Cetera Financial Group, Inc. is a leading financial advisory wealth hub.
“This divestiture allows us to sharpen our focus and allocate resources entirely to our core mission of delivering exceptional community banking services through Plains State Bank,” said Milan Saunders, Chairman and CEO. “We are confident that Cetera and TRPG will be excellent stewards of the wealth management and tax practices and their clients.”
The definitive agreements were executed on October 8, 2025 and the transactions are expected to close in December 2025, subject to customary closing conditions.
About Plains Acquisition Corporation
Plains State Bank was established in 1957 in Plains, Texas. In 2008, Plains Acquisition Corporation was founded and acquired Plains State Bank. Following the acquisition, the bank charter and headquarters were moved to Humble, Texas. Today, Plains State Bank is primarily focused on serving the banking needs of small businesses in the communities surrounding the Houston MSA and Yoakum County. Plains Acquisition Corporation’s common stock is traded on the OTCID Basic Market under the ticker symbol PLQC.
About The Retirement Planning Group
The Retirement Planning Group (TRPG) is Cetera's employee-based RIA and an SEC registered investment advisory firm headquartered in Leawood, KS. With over 3,100 clients and approximately $3 billion in assets under management, as of June 30, 2025, TRPG is one of the fastest growing companies in the Kansas City area. TRPG helps clients and their families nationwide navigate every financial decision they face throughout their lives by providing comprehensive wealth management services, including retirement planning, portfolio and investment management, tax planning, tax preparation and filing by its in-house tax team.
About Cetera
Cetera Financial Group (Cetera) is the premier financial advisor Wealth Hub, empowering independent advisors and institutions with personalized support, flexible affiliation models, and end-to-end growth solutions. Home to approximately 12,000 advisors and institutions, Cetera’s multi-channel ecosystem enables financial professionals to grow, scale or transition their businesses on their own terms.
Unlike traditional IBDs, Cetera offers true choice – blending modern technology, integrated wealth solutions, and a community-driven culture. Cetera’s five-channel model and commitment to long-term advisor value provide a scalable blueprint for consistent, repeatable growth.
As of June 30, 2025, Cetera firms manage approximately $590 billion in assets under administration and $263 billion in assets under management. Its award-winning Voice of the Customer program has captured more than 40,000 advisor reviews, with over 35,000 five-star ratings, giving Cetera a 4.8 out of 5 satisfaction score.
Cetera refers to the network of independent retail firms encompassing, among others, those that are members FINRA/SIPC: Cetera Advisors LLC, Cetera Wealth Services, LLC (f/k/a Cetera Advisor Networks), Cetera Investment Services LLC (marketed as Cetera Financial Institutions or Cetera Investors), and Cetera Financial Specialists LLC; and a Securities and Exchange Commission registered investment adviser: Cetera Investment Advisers LLC.
Financial professionals affiliated with Cetera firms are either Registered Representatives who offer only brokerage services and receive transaction-based compensation (commissions), Investment Adviser Representatives who offer only investment advisory services and receive fees based on assets, or both Registered Representatives and Investment Adviser Representatives, who can offer both types of services.
Cetera exclusively provides investment products and services through its representatives. Although Cetera does not provide tax or legal advice, or supervise tax, accounting or legal services, Cetera representatives may offer these services through their independent outside business. This information is not intended as tax or legal advice.