October 2020 by PlainsBank C.
In 2018, Frank Krasovec, a PlainsCapital Bank customer, was victim to a wire transfer hack resulting in $450,000 in personal losses. Krasovec is now suing PlainsCapital, maintaining that PlainsCapital broke their own protocols when they did not confirm the six-figure wire transfers with him, the owner of the account, before transferring the money.