Veritex Holdings, Inc. and Huntington Bancshares Incorporated announced a definitive merger agreement where Huntington will acquire Veritex in an all-stock transaction. The deal is valued at approximately $1.9 billion, marking a significant strategic move for both companies. This acquisition is expected to accelerate Huntington's organic growth initiatives within the high-growth Texas markets.
Under the terms of the agreement, Veritex shareholders will receive 1.95 shares of Huntington Bancshares common stock for each outstanding share of Veritex. This exchange ratio provides Veritex shareholders with a stake in a larger, more diversified regional bank. The transaction aims to expand Huntington's presence in key Texas metropolitan areas, including Dallas/Fort Worth and Houston.
The merger is anticipated to close in the fourth quarter of 2025, subject to regulatory approvals and customary closing conditions. This strategic partnership is poised to offer Veritex enhanced scale and broader product offerings, strengthening its competitive position against larger regional and national banks in the dynamic Texas banking landscape.
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