Veritex Holdings Merged into Huntington Bancshares, Creating $223 Billion Asset Regional Bank

Huntington Bancshares has completed its merger with Veritex Holdings, expanding its presence in Texas. The acquisition accelerates Huntington's growth initiatives in Dallas-Fort Worth and Houston, with a combined company of approximately $223 billion in assets. Huntington plans to maintain Veritex's branch network and invest to grow it over time. The merger strengthens Huntington's commitment to Texas, where it has been serving customers since 2009.

Huntington Bancshares Incorporated (Nasdaq: HBAN) has completed its merger with Veritex Holdings, Inc., significantly expanding its footprint in Texas. The acquisition, announced on October 20, 2025, accelerates Huntington's growth initiatives in the dynamic Texas markets, particularly in Dallas-Fort Worth and Houston.

The combined company boasts approximately $223 billion in assets, $176 billion in deposits, and $148 billion in loans, based on September 30, 2025 balances. Huntington will now operate more than 1,000 branches, including Veritex's 31 Texas branches. The merger will see Huntington maintaining and investing in the Veritex branch network to grow it over time.

C. Malcolm Holland III, Veritex's president and CEO, has joined Huntington in a non-executive role as Chairman of Texas. He will continue to serve local customers, communities, and colleagues, emphasizing Huntington's commitment to the state. Holland expressed pride in the teams who made the merger possible and excitement for the future opportunities.

Huntington has been serving Texas since 2009, offering middle-market business banking solutions, including corporate banking and automotive finance. As one of the nation's largest Small Business Administration (SBA) 7(a) lenders, Huntington was the #1 SBA lender in Texas in 2024. The merger strengthens Huntington's long-term commitment to Texas and its ability to serve more individuals, families, and businesses across the state.

Both Huntington and Veritex customers will continue to bank as normal at their existing branches. Veritex customer accounts will be converted to Huntington's systems in the first quarter of 2026, with detailed information about the conversion process promised in the coming weeks. Huntington customers will not be impacted by the conversion.

This merger is a strategic move for Huntington to consolidate assets and deposits, enhancing its market presence in Texas. The operational challenges include successful account system conversions and retention of Veritex customers and colleagues during integration. Key milestones to watch over the next 6-12 months include the Veritex account conversion in Q1 2026, branch retention metrics, and any post-close statements about cost or revenue synergies.