Texas Capital Bancshares, Inc. shares rise 1.32% intraday after Huntington Bancshares signs $1.9 billion deal for rival Veritex Holdings.

Texas Capital Bancshares, Inc. rose 1.32% intraday, with the company being acquired by Huntington Bancshares in a $1.9 billion all-stock deal. The acquisition is expected to expand Huntington's presence in Texas, a fast-emerging financial hub. The deal is part of a broader trend of consolidation among U.S. banks as they seek to strengthen their balance sheets and achieve greater diversification.