Huntington Bancshares Completes Veritex Acquisition, Eyes Texas Growth

The merger between Huntington Bancshares Incorporated and Veritex Holdings has now been legally finalized, concluding Veritex's run as an independent, publicly-traded entity. The combined banking institution is shifting its focus to the operational integration process within the competitive Texas market, a move that represents a significant strategic consolidation in the regional banking landscape.

Huntington's primary objective with this acquisition is a substantial expansion of its footprint in the economically vital Dallas-Fort Worth and Houston metropolitan areas. The all-stock deal, which was initially announced to the market in July 2025, received the necessary regulatory approvals from the U.S. Federal Reserve and the Office of the Comptroller of the Currency. The legal closing date was recorded as October 20, 2025.

Upon completion, the transaction brought approximately $13 billion in assets and a $9 billion loan portfolio into Huntington's fold. The branch network saw an immediate addition of 31 locations, pushing Huntington's total past the 1,000-branch mark. Shareholders of Veritex received consideration valued at around $33.91 per share based on the terms set at the announcement. Following the merger's close, Veritex stock ceased its independent trading.

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Integration Roadmap and Community Commitment

A critical upcoming phase in the merger process is the systems integration, scheduled for the first quarter of 2026. This involves migrating Veritex customer accounts onto Huntington's technology platforms—a complex undertaking viewed as essential for unlocking the full operational efficiencies and synergies anticipated from the deal. Company leadership has indicated that existing Huntington clients should experience no disruption from this backend conversion.

To foster local goodwill and ensure a smooth transition, Huntington has committed to maintaining the Veritex branch network and plans incremental investments in its growth. Supporting this community-focused approach, the bank has already allocated $10 million for local investments and partnerships across Texas. The successful assimilation of the $11 billion in acquired deposits is considered foundational for the long-term growth strategy in the region.

The operational merger of the two entities is now underway, marking the start of a new chapter for the combined bank's presence in the Southern United States.