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 Sees Major Banking Merger: Huntington Bancshares and Veritex Holdings Unite
Dallas, Texas – On October 20, 2025, Huntington Bancshares Incorporated completed its merger with Veritex Holdings, Inc., marking a significant event in Texas’s banking landscape. This strategic acquisition is expected to bolster Huntington’s presence in the Lone Star State, enhancing services for current and potential customers.
Purpose and Impact of the Merger
The merger allows Huntington, a major player in the banking industry, to significantly expand its footprint in Texas, particularly in the key markets of Dallas-Fort Worth and Houston. By merging with the established Veritex Holdings, Huntington aims to accelerate its growth initiatives, positioning itself to better cater to the banking needs of both individuals and businesses in the region.
Financial Strength of the New Entity
With this merger, the combined organization estimates its assets will total around $223 billion. This impressive figure includes approximately $176 billion in deposits and $148 billion in loans as reported on September 30, 2025. Such substantial resources place the new entity among the top ten regional bank holding companies in the United States, solidifying its competitive edge in the banking sector.
Expansion of Banking Locations
The merger not only boosts financial numbers but also expands physical presence with the addition of 31 branches from Veritex to Huntington’s existing network, exceeding a total of 1,000 branches. This expansion means more accessible locations for customers, who can rely on enhanced convenience tailored to their banking preferences. Furthermore, Huntington is committed to investing in Veritex’s branch network to maintain accessibility to essential banking services.
Leadership Transition
As part of the merger, C. Malcolm Holland III, previously the president and CEO of Veritex, will transition to the role of Chairman of Texas at Huntington. This leadership change is expected to facilitate a smoother integration of services and operations, providing beneficial insights for customers navigating this change.
Commitment to Customers
Huntington and Veritex are both dedicated to providing improved products and services through this merger while ensuring that current customers continue to receive reliable service. The transition of Veritex customer accounts to Huntington’s operating system is anticipated for the first quarter of 2026, during which customers will receive detailed updates to ensure a smooth process. Existing Huntington customers will not face any disruptions during this transition phase.
Huntington’s Texas Presence
Huntington has been actively serving customers in Texas since 2009. The bank is recognized for focusing on middle-market business banking, reflecting a strong commitment to supporting local enterprises. Notably, in 2024, Huntington was awarded the title of #1 Small Business Administration (SBA) lender in Texas, underscoring its dedication to fostering economic growth within the state.
Looking Ahead
For Texans, the merger heralds a promising future in the banking sector. The integration of Huntington Bancshares and Veritex Holdings stands to provide customers with a broader range of financial services and an extensive network of branches across the state. As this newly formed banking entity evolves, stakeholders across Texas will benefit from improved banking experiences and enhanced service offerings, positioning the organization for future success in a rapidly changing economic environment.
Deeper Dive: News & Info About This Topic
- WV News: Huntington Bank Completes Merger with Veritex
- Wikipedia: List of Banking Mergers in the United States
- PR Newswire: Prosperity Bancshares Inc to Acquire Southwest Bancshares Inc
- Google Search: Texas Banking Mergers
- Housing Wire: Cornerstone Capital Acquires Peoples Bancorp
- Encyclopedia Britannica: Bank
- CBS News: Bank Merger – Fifth Third to Acquire Comerica
- Google News: Banking Merger
Author: STAFF HERE AUSTIN WRITER
The AUSTIN STAFF WRITER represents the experienced team at HEREAustinTX.com, your go-to source for actionable local news and information in Austin, Travis County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as SXSW, Austin City Limits Music Festival, Formula 1 United States Grand Prix, and the Austin Film Festival. Our coverage extends to key organizations like the Greater Austin Chamber of Commerce and Visit Austin, plus leading businesses in technology, automotive, and retail that power the local economy such as Dell Technologies, Tesla, and Apple. As part of the broader HERE network, including HERECollegeStation.com, HEREDallas.com, HEREHouston.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
