What Veritex Brings to the Table
Veritex specializes in deposit and lending services geared toward small- to mid-sized businesses. With roughly $13 billion in assets, $9 billion in loans, and $11 billion in deposits, it gives Huntington more than 30 new branches and a robust operational base in Texas’ most competitive metros.
“Veritex has always been a people and community-focused bank. We have found a partner in Huntington who shares and lives out those same values,” said Malcolm Holland, CEO of Veritex, who will assume the role of non-executive chair of Texas at Huntington post-acquisition.
National Profile, Regional Focus
Huntington is already one of the top 10 regional banks in the U.S., boasting $210 billion in assets. The Veritex acquisition follows its $22 billion takeover of TCF Financial Corp. in 2021, which catapulted the bank’s presence across the Midwest after a DOJ-mandated divestiture.
This new deal further diversifies Huntington’s reach, with Texas emerging as a centerpiece in its long-term strategy. The company also reaffirmed its position as the No. 1 SBA 7(a) loan originator both nationwide and within Texas.
