07.14.25

Huntington Expands in Texas With $1.9 Billion Veritex Deal

by: Yizhu Wang

Ohio-based Huntington Bancshares agreed to buy Veritex Holdings, which operates more than 30 bank branches in Texas, for $1.9 billion. “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,” Huntington Chairman and CEO Steve Steinour said. The large number of small-business borrowers and millions of affluent households in Texas were another appealing factor, according to Brant Standridge, president of consumer and regional banking at Huntington.

Read the full article on Bloomberg