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Huntington Bancshares in its $1.9 billion acquisition of Veritex Holdings

On July 14, 2025, Huntington Bancshares Incorporated (Nasdaq: HBAN), a top ten regional bank holding company headquartered in Columbus, Ohio, announced entry into a merger agreement with Veritex Holdings, Inc. (Nasdaq: VBTX), a bank holding company headquartered in Dallas, Texas.  Huntington announced that the strategic acquisition would accelerate its organic growth in Texas by expanding its presence in Dallas/Fort Worth and Houston.  The transaction, estimated to close early in the fourth quarter, is an all-stock transaction with an implied deal value of $1.9 billion, a price to tangible book value per share of 1.52x and price to 2026 consensus earnings per share of 14.3x.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Huntington.

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