Huntington Bancshares Incorporated (NASDAQ: HBAN) has successfully completed its merger with Veritex Holdings, Inc., a bank holding company based in Dallas, Texas. This strategic move significantly expands Huntington's presence in the dynamic Texas markets, particularly in Dallas-Fort Worth and Houston.
The combined company now boasts 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's network now exceeds 1,000 branches. Notably, the bank intends to maintain and invest in the growth of Veritex's branch network over time.
C. Malcolm Holland III, the former President and CEO of Veritex Holdings, Inc., has assumed a non-executive role as the Chairman of Texas at Huntington, where he will continue to focus on serving local customers, communities, and colleagues.
Huntington's commitment to Texas is further underscored by its track record in the state. Since 2009, the bank has been offering middle-market business banking solutions in the Dallas and Houston markets, including corporate banking and automotive finance. As the nation's leading Small Business Administration (SBA) 7(a) lender, Huntington claimed the top spot as the #1 SBA lender in Texas in 2024.
The press release also highlighted the bank's assurance to customers of both Huntington and Veritex that they can continue banking as usual at their existing branches. However, Veritex customer accounts are slated for conversion to Huntington's systems in the first quarter of 2026, with detailed information to be provided to customers in the coming weeks.
The completion of this merger underscores Huntington's commitment to providing a comprehensive suite of banking, payments, wealth management, and risk management products and services to consumers, small and middle-market businesses, corporations, municipalities, and other organizations.
This merger not only strengthens Huntington's position in the Texas market but also signifies a defining moment for both Huntington and Veritex, as they come together to create a stronger, more dynamic bank built on shared values and a deep commitment to customers and communities. As a result of these announcements, the company's shares have moved 0.85% on the market, and are now trading at a price of $15.50. If you want to know more, read the company's complete 8-K report here.
