US EditionVeritex Community Bank to Be Bought for $1.9 Billion
TEXAS, JUL 14 – The $1.9 billion acquisition of Veritex Holdings will deepen Huntington Bancshares' Texas footprint with $13 billion in assets and 30 branches, supporting future growth plans.
- On Monday, July 15, 2025, Huntington Bancshares revealed plans to acquire Dallas-based Veritex Holdings through a stock transaction valued at $1.9 billion.
- Huntington aims to expand its Texas presence after entering the state in 2009 and accelerating growth since March 2024, while Veritex was founded in 2010.
- Veritex, with a network of more than 30 branches and assets totaling $13 billion, will be integrated into Huntington's brand as part of the deal, which includes Huntington issuing 1.95 of its shares for each Veritex share.
- Huntington CEO Steve Steinour emphasized that the merger aligns with the company’s goals and demonstrates a sustained dedication to Texas, describing the agreement as a catalyst for accelerated expansion in the state.
- The merger, anticipated to finalize in early Q4 2025 pending regulatory approval, will position Texas as Huntington's third biggest market by deposits and include a loan portfolio valued at $15 billion.
Insights by Ground AI
Does this summary seem wrong?
13 Articles
13 Articles
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Veritex Holdings, Inc.
NEW YORK, July 14, 2025 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Veritex Holdings, Inc. (NASDAQ: VBTX) and its board of directors concerning the proposed acquisition of the company by Huntington Bancshares Incorporated (NASDAQ: HBAN).…
Coverage Details
Total News Sources13
Leaning Left3Leaning Right0Center6Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
Factuality
To view factuality data please Upgrade to Premium