Huntington Bancshares Incorporated (NASDAQ: HBAN) has announced the completion of its merger with Veritex Holdings, Inc., a bank holding company headquartered in Dallas, Texas. The strategic acquisition has resulted in the combined company having approximately $223 billion in assets, $176 billion in deposits, and $148 billion in loans, based on September 30, 2025, balances.
With the addition of Veritex's 31 branches in Texas, Huntington now boasts a network of more than 1,000 branches. The company plans to maintain and invest in growing Veritex's branch network over time. As a result of the merger, C. Malcolm Holland III, the President and CEO of Veritex Holdings, Inc., has joined Huntington in a non-executive role as Chairman of Texas.
Huntington has been serving customers and communities in Texas since 2009 and currently offers middle-market business banking solutions in the Dallas and Houston markets, including corporate banking and automotive finance. As the #1 SBA lender in Texas in 2024 and one of the nation's largest Small Business Administration (SBA) 7(a) lenders, Huntington is now positioned to deepen its commitment to the state and bring its capabilities to more individuals, families, and businesses across Texas.
The merger is also expected to have operational impacts, with Veritex customer accounts set to be converted to Huntington's systems in the first quarter of 2026. It has been confirmed that Huntington customers will not be impacted by the conversion.
This merger marks a significant milestone for Huntington, as it accelerates the company's growth initiatives in the dynamic Texas markets, signaling a new chapter built on shared values, expanded capabilities, and a deep commitment to customers and communities.
Following these announcements, the company's shares moved 0.85%, and are now trading at a price of $15.50. Check out the company's full 8-K submission here.
