On July 14, Huntington Bancshares Inc., the holding company for Columbus, Ohio-based Huntington Bank, and Dallas-based Veritex Holdings Inc., the parent company of Dallas-based Veritex Community Bank, announced a definitive merger agreement in which Huntington will acquire Veritex. The acquisition accelerates Huntington Bancshares’ growth in Texas by expanding its presence in Dallas/Fort Worth and Houston. Upon conversion, Veritex teams and branches will operate under the Huntington Bank name and brand. The combination is expected to close early in the fourth quarter of 2025.
“This combination supports our ambitions and reflects our long-term commitment to the state of Texas, one of the most dynamic and fastest-growing economies in the country,” says Steve Steinour, chairman, president and CEO of Huntington Bancshares. “The Veritex team brings deep local relationships, a strong commercial banking franchise and customer loyalty, and this partnership will serve as a springboard for substantial future growth in the state.”
“Veritex has always been a people and community-focused bank. We have found a partner in Huntington Bank who shares and lives out those same values,” says Malcolm Holland, chairman, president and CEO of Veritex. Holland will join Huntington in a non-executive role as chairman of Texas and continue his work serving local customers and communities.
As of March 31, 2025, Veritex Holdings reported approximately $13 billion in assets, $9 billion in loans and $11 billion in deposits. It operates more than 30 branches of Veritex Community Bank across key Texas markets, including Dallas/Fort Worth and Houston. Huntington plans to maintain Veritex’s branch network and invest in growing it over time.
Huntington Bank has been in Texas since 2009 and currently offers middle-market business banking solutions in the Dallas and Houston markets, including corporate banking and automotive finance. The nation’s largest originator, by volume, of Small Business Administration (SBA) 7(a) loans, Huntington was the No. 1 SBA lender in Texas in 2024. The company currently employs approximately 200 colleagues in Texas.
Established in 1866, The Huntington National Bank operates 968 branches in 13 states. Huntington Bancshares Inc. reports $210 billion in assets.
