Huntington Bancshares Incorporated’s announcement that it will buy Veritex Holdings, Inc. (NASDAQ: VBTX) caused a significant spike in the company’s stock price. By the time of the latest regular-session check, VBTX shares had risen 18.83% to $32.63.
The announcement of a definitive merger deal between Veritex and Huntington, one of the top ten regional bank holding corporations in the United States with its headquarters located in Columbus, Ohio, served as the impetus for the surge.
Access to Texas Markets with Rapid Development
Huntington has made great strides toward its strategic objective of growing its presence in Texas, namely in the Dallas/Fort Worth and Houston areas, with this purchase. Veritex reported $11 billion in deposits, $9 billion in loans, and $13 billion in assets as of March 31, 2025. Huntington’s long-term goals in Texas, one of the union’s most economically active and rapidly expanding states, are furthered by the agreement.
Clear Direction and Common Values
Relationship-driven banking and community participation are highly valued by both institutions. Malcolm Holland, Veritex CEO, will take on a non-executive role as Chairman of Texas at Huntington to maintain leadership continuity and fortify local ties. The development and retention of Veritex’s network of over 30 locations across Texas demonstrates Huntington’s intention to fortify its regional links.
Building on a Trusted Legacy Huntington plans to build on Veritex’s proven track record and knowledgeable employees, which have gained the trust of businesses, families, and Texans. By allocating an initial $10 million for charitable investments in the state, the bank also hopes to carry on Veritex’s longtime community support initiatives.
Transaction Details and Closing Timeline
Veritex stockholders will get 1.95 Huntington shares for every Veritex share under the terms of the merger, which is a 100% stock agreement. The transaction indicates that Veritex will be valued $33.91 per share, or approximately $1.9 billion in total consideration, given Huntington’s closing price of $17.39 on July 11, 2025.
Depending on usual closing conditions and regulatory clearances, the purchase is expected to close in the fourth quarter of 2025. All Veritex locations will use the Huntington Bank name after the acquisition.
