Lubbock-Based South Plains Financial Acquires Houston-Based Bank for $105.1 Million, Boosting Profile in Lone Star State's Largest City.

South Plains Financial, a Lubbock, Texas-based bank, has agreed to acquire BOH Holdings and its Bank of Houston subsidiary in a deal worth $105.1 million. The acquisition will boost South Plains' profile in Houston, the fifth-largest city in the US, and add $643 million in deposits. The merged company will have two branches and $628.8 million in loans. The deal is expected to close in Q1 2026. Analysts believe South Plains may be ready to return to the M&A market soon.