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The Fed and OCC approved Huntington's $1.9B stock merger with Veritex, set to close Oct. 20, expanding Huntington’s Texas footprint.
The Federal Reserve and Office of the Comptroller of the Currency have approved the $1.9 billion all-stock merger between Huntington Bancshares and Veritex Holdings, paving the way for the deal to close on October 20, 2025.
The transaction will expand Huntington’s presence in Texas, adding over 30 branches in Dallas/Fort Worth and Houston, along with $13 billion in assets.
Veritex shareholders will receive 1.95 Huntington shares per share, and the combined company expects modest earnings accretion by 2026.
Huntington will maintain its dividend history and commit $10 million to Texas philanthropy.
The merger is subject to customary closing conditions.
La Fed y la OCC aprobaron la fusión de acciones de Huntington por $1.9B con Veritex, que se cerrará el 20 de octubre, expandiendo la presencia de Huntington en Texas.