Veritex Community Bank becomes part of a historic $1.9 billion acquisition announced today by Huntington Bancshares Inc. This all-stock transaction marks a significant expansion for Huntington into the Texas banking market, specifically targeting the Dallas/Fort Worth and Houston metropolitan areas.
Strategic Expansion Into Texas Markets
The acquisition accelerates Huntington’s strong organic growth in Texas by expanding its presence in Dallas/Fort Worth and Houston. With more than 30 bank branches across Texas, the merger positions Huntington to compete more effectively with larger regional banks in one of the nation’s fastest-growing states.
As of March 31, 2025, Veritex reported approximately $13 billion in assets, $9 billion in loans, and $11 billion in deposits. These figures demonstrate the substantial scale this acquisition brings to Huntington’s portfolio.
Key Points Summary
- Transaction Value: $1.9 billion in all-stock deal
- Veritex Assets: $13 billion as of March 2025
- Branch Network: Over 30 Texas locations
- Target Markets: Dallas/Fort Worth and Houston
- Expected Closure: Early Q4 2025
- Integration Timeline: Systems integration complete by 2026
Financial Impact and Market Position
The merger represents a strategic move for regional banks facing increased competition from larger financial institutions. Regional U.S. lenders, to better compete with larger rivals in a tough macroeconomic environment, have been looking for consolidation opportunities like this acquisition.
The ticker symbol for Veritex Community Bank is VBTX. As of 13-May-2025 the stock price of Veritex Community Bank is $24.94. The current market capitalization reflects investor confidence in the institution’s growth trajectory.
Timeline and Regulatory Approval Process
The combination is expected to close early in the fourth quarter of 2025, subject to regulatory approvals and customary closing conditions. This timeline allows both institutions to prepare for seamless integration while maintaining customer service standards.
Veritex Community Bank will become part of The Huntington National Bank but will continue to operate independently until systems integration is complete in 2026, ensuring minimal disruption to existing customers and services.
Customer Service Continuity
During the transition period, customers can expect continued access to their banking services. You can reach out to your banking team, stop by a Veritex Bank branch, or call customer support at (833) 837-4839.
Upon conversion, Veritex teams and branches will operate under the Huntington Bank name and brand. This unified approach will provide customers with expanded banking capabilities and enhanced digital services.
Market Response and Future Outlook
The acquisition demonstrates Huntington’s commitment to geographical diversification and growth in high-opportunity markets. Texas represents one of the most attractive banking markets in the United States, with strong population growth and economic development.
Industry analysts view this transaction as part of a broader consolidation trend among regional banks seeking to achieve greater scale and operational efficiency. The combined entity will be better positioned to invest in technology upgrades and compete for commercial and consumer banking relationships.
This landmark acquisition between Veritex Community Bank and Huntington creates exciting opportunities for customers, employees, and shareholders alike. Share your thoughts on how this merger might impact Texas banking—we’d love to hear from you in the comments below.