Huntington to Acquire Veritex for $1.9 Billion

Huntington Bancshares Incorporated (HBAN) entered a merger agreement on July 14, 2025, to acquire Veritex Holdings, Inc. (VBTX) in an all-stock deal valued at $1.9 billion.

Deal Structure:

Under the terms of the agreement, Huntington will issue 1.95 shares for each outstanding share of Veritex in a 100% stock transaction. The deal implies consideration of $33.91 per Veritex share, representing a 23.49% premium from the stock’s last close.

Company Profile:

Veritex Holdings is the parent company of Veritex Community Bank, a Dallas-based bank providing a full range of commercial banking products and services to small and mid-sized businesses across Texas. As of March 2025, Veritex reported approximately $13 billion in assets, $9 billion in loans, and $11 billion in deposits.

Huntington is a regional bank holding company with $210 billion in assets, headquartered in Columbus, Ohio, providing a full range of banking, payments, wealth management, and lending services to consumers, businesses, and institutions across 13 states.

Deal Details and Timeline:

The merger boosts Huntington’s growth in Texas by strengthening its presence in Dallas/Fort Worth and Houston.

Veritex, based in Dallas, operates over 30 branches across major Texas markets, including Dallas/Fort Worth and Houston. Huntington plans to retain Veritex’s branch network and invest in its growth over time.

Malcolm Holland, CEO of Veritex, will join Huntington as Chairman of Texas in a non-executive role.

The deal is expected to close early in the fourth quarter of 2025, after which Veritex teams and branches will operate under the Huntington Bank name and brand.

Keefe, Bruyette & Woods, a Stifel Company, and Simpson Thacher & Bartlett served as financial and legal advisors, respectively, to Veritex. Evercore and Commerce Street Capital acted as financial advisors to Huntington, with Wachtell, Lipton, Rosen & Katz providing legal counsel.

Huntington is paying 1.48 times the tangible book value for Veritex.

Deal Metrics:

For more in-depth information about this M&A deal, visit the Deal Metrics page here:

Deal Metrics for the acquisition of Veritex Holdings, Inc. (VBTX) by Huntington Bancshares Incorporated (HBAN)

The Deal Metrics page for each merger or acquisition includes:

• A spread history chart of the merger from announcement to completion or failure.
• Key events as the merger progresses, including the expiry of the HSR period, regulatory approvals, shareholder votes, and more.
• News and SEC filings.
• A history of deal updates.
• And much more.

Disclaimer: Please carry out your own research before buying or selling any securities mentioned in this article. We do not guarantee the completeness or accuracy of the content or data provided in this article.

Editor’s Note: Baranjot Kaur contributed to this article