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 officially completed its merger with Veritex Holdings, Inc. as of October 20, 2025, marking a significant step in the banking landscape of Texas. The merger is part of Huntington’s strategy to enhance its growth initiatives, particularly in the Dallas-Fort Worth and Houston areas, which are crucial markets for future financial services development.
This transaction positions Huntington among the top ten regional bank holding companies in the United States, and the merger expands its asset base to approximately $223 billion, including $176 billion in deposits and $148 billion in loans, based on data as of September 30, 2025. The incorporation of 31 branches from Veritex into Huntington’s existing network raises the total branch count to over 1,000, bolstering the bank’s presence across Texas.
As part of the transition, Huntington plans to maintain and invest in the existing Veritex branch network, ensuring that the services and locations familiar to Veritex customers remain accessible. Individuals at Veritex will undergo a transition to Huntington’s systems starting in the first quarter of 2026, and customers will receive detailed information about this process in advance. It is important to note that existing Huntington customers will not experience any adverse effects from this transition.
C. Malcolm Holland III, who was the president and CEO of Veritex, will take on a new role as Chairman of Texas for Huntington, highlighting the commitment to integrate leadership effectively to guide the merged entity’s future. Huntington’s chairman, president, and CEO has expressed optimism about combining the strengths of both organizations, indicating that the merger serves as a catalyst for future growth and development in the Texas banking market.
Huntington has been serving customers in Texas since 2009, primarily focused on middle-market business banking. The bank’s expansion into Texas has already been marked by significant achievements, including being recognized as the number one Small Business Administration (SBA) lender in Texas in 2024. This merger with Veritex is seen as an avenue to enhance the range of products and services offered to customers in this key market.
As the merger unfolds, both Huntington and Veritex are committed to providing a seamless transition for customers, delivering clarity and assurance throughout the process. Stakeholders are encouraged to stay informed about changes and new offerings as Huntington further integrates Veritex’s operations into its platform.
In summary, the completion of this merger marks a significant development for Huntington Bancshares and the Texas banking industry, setting the stage for improved customer offerings and enhanced operational scale across the state’s major metropolitan areas. The strategic overlapping of resources and operational capabilities is anticipated to yield advantageous outcomes for both sides of the merger.
Deeper Dive: News & Info About This Topic
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