Plains Acquisition Corporation (OTC: PLQC) (the “Company”) today announced that it has successfully completed the previously announced sale of the assets of Plains Wealth Management and Plains Tax Strategies. The assets were sold by the Company’s subsidiaries, Plains State Bank and Plains Financial Services, Inc., to The Retirement Planning Group, LLC (“TRPG”), a subsidiary of Cetera Financial Group, Inc.
“We are pleased to announce the successful closing of these transactions,” said Milan Saunders, Chairman and CEO of Plains Acquisition Corporation. “The completion of this sale represents a significant milestone in our strategic plan to streamline our operations. By divesting these divisions, we are now fully positioned to dedicate our capital and leadership focus toward the growth and enhancement of our core community banking services through Plains State Bank. We wish the TRPG and Cetera teams continued success as they welcome these clients and professionals.”
The closing of these transactions, which were initially announced on October 15, 2025, marks the successful divestiture of the Company’s wealth management and tax preparation divisions.
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 approximately 4,400 clients and $4 billion in assets under management, as of September 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 Sept. 30, 2025, Cetera firms manage approximately $625 billion in assets under administration and $284 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. Learn more at www.cetera.com.
Cetera Financial Group (Cetera) is a network of independent retail firms, including those that are members of FINRA/SIPC: Cetera Advisors LLC; Cetera Wealth Services, LLC (formerly known as Cetera Advisor Networks); Cetera Investment Services LLC (marketed as Cetera Financial Institutions or Cetera Investors); and Cetera Financial Specialists LLC. Entities registered as investment advisers with the Securities and Exchange Commission include Cetera Investment Management LLC and Cetera Investment Advisers LLC. Cetera’s principal office is located at 655 W. Broadway, 11th Floor, San Diego, CA 92101.
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.