News Summary
Huntington Bancshares has closed its merger with Veritex Holdings, marking a significant milestone in the Texas banking landscape. With combined assets of approximately $223 billion, this merger expands Huntington’s presence in Texas and enhances its ability to serve customers. The addition of 31 branches from Veritex increases their total to over 1,000 branches. Former Veritex CEO C. Malcolm Holland III will take on a new role to aid in the transition, and both companies are committed to providing improved products and services amid this change.
Texas
Huntington Bancshares Incorporated has successfully finalized its merger with Veritex Holdings, Inc. on October 20, 2025. This strategic acquisition aims to enhance Huntington’s growth initiatives and expand its operations within the Texas markets, particularly in the Dallas-Fort Worth and Houston areas.
The merger results in a combined asset total of approximately $223 billion, which includes $176 billion in deposits and $148 billion in loans as of September 30, 2025. With the merger, Huntington also adds 31 branches from Veritex to its existing network, pushing the total number of branches to over 1,000.
Huntington Bancshares is recognized as one of the top ten regional bank holding companies in the United States. The integration of Veritex Holdings’ operations is viewed as a significant opportunity for Huntington to bolster its presence in Texas. Huntington plans to maintain and invest in Veritex’s branch network, indicating a commitment to enhancing customer service and accessibility in these key regions.
Leadership Transition
C. Malcolm Holland III, who previously served as the president and CEO of Veritex, will join Huntington in a non-executive role as the Chairman of Texas. This transition is expected to bring valuable leadership experience and local insights to Huntington’s Texas operations.
Customer Integration and Services
As part of the merger agreement, Veritex customer accounts will transition to Huntington’s systems in the first quarter of 2026. Customers will receive detailed information about the transition well in advance, ensuring a smooth integration process. Notably, there will be no impact on existing Huntington customers during this transition phase, as the bank emphasizes continuity of services across its branches.
Commitment to the Texas Market
Huntington Bancshares has had a significant presence in Texas since 2009, primarily focusing on middle-market business banking. The bank has earned accolades for its commitment to supporting local businesses, including being named the #1 Small Business Administration (SBA) lender in Texas in 2024. The merger with Veritex Holdings enhances Huntington’s ability to provide a broader array of products and services to its growing customer base in the state.
Future Outlook
The successful completion of this merger marks a pivotal moment for Huntington Bancshares as it aims to leverage Veritex’s established relationships and resources in Texas to accelerate its growth trajectory. With a unified effort to enhance banking services and community support, Huntington is poised to make significant strides in the competitive landscape of Texas banking.
As Huntington Bancshares merges its operations with Veritex Holdings, both entities are committed to a seamless transition and improving customer satisfaction in Texas. Through this merger, Huntington aims not only to strengthen its market position but also to deliver enriched banking experiences to its customers.
Deeper Dive: News & Info About This Topic
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