South Plains Financial to Acquire BOH Holdings in $106 Million All-Stock Deal
Reuters
Dec 05, 2025
South Plains Financial to Acquire BOH Holdings in $106 Million All-Stock Deal
Lubbock, Texas-based South Plains Financial, Inc., parent of City Bank, has entered into a definitive merger agreement to acquire Houston-based BOH Holdings, Inc., the parent company of Bank of Houston, in an all-stock transaction valued at approximately $106 million. The deal is expected to close between the first and second quarters of 2026, subject to customary approvals. The combination will add roughly $772 million in assets to South Plains' balance sheet, bringing pro forma assets to $5.4 billion. Jim Stein, current Chairman, President, and CEO of BOH, will join South Plains and continue leading his team in Houston, as well as join the boards of South Plains and City Bank. The acquisition will significantly expand South Plains' presence and commercial banking relationships in the Houston market, with anticipated cost savings and enhanced profitability metrics for the combined company.
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