Huntington, Veritex announce major merger

It was announced that Huntington Bancshares will acquire Veritex Holdings in an all-stock deal, one of the largest Texas bank deals in 20 years. Huntington, a $210 billion regional bank based in Columbus, Ohio, operates in 13 states. Veritex, with $13 billion in assets, serves Houston, Fort Worth and Dallas.

“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,” said Chairman, President and CEO of Huntington Bancshares, Steve Steinour. “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.”

Malcolm Holland, chairman, president and CEO of Veritex, said, “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. We are very excited about becoming part of the Huntington family and bringing more capabilities to our Texas clients than ever before.”