Huntington Bancshares Inc.'s Acquisition of Community Bank Veritex Holdings Inc. Kicks Off Larger Bank M&A for 2025
Banking OrganizationsSummary
This commentary reviews Huntington Bancshares Inc.'s acquisition of community bank Veritex Holdings, Inc.
Key highlights include:
-- Huntington's credit ratings, including the Company's Long-Term Issuer Rating of "A" with a Stable trend, are unaffected by the acquisition of Veritex.
-- The addition of Veritex's branches and customers accelerates Huntington's strategy to increase market share in Texas, making it one of the top 10 banks in the state.
-- Huntington's consumer and fee business capabilities offer opportunities to improve funding costs, grow fee income, and expand the customer base in Texas.
"The combined bank will be one of the top 10 in Texas with $15 billion in loans and $13 billion in deposits. Huntington expects the acquisition to close in Q4 2025, subject to standard approvals." said John Mackerey, Senior Vice President - North American Financial Institution Ratings
Available Documents
Enjoying our exclusive insights?
Register for a free account to get unrestricted access to our in-depth research, presale and ratings reports, and more. Access is limited for unregistered users.
Already have an account? Log In