National Bank Holdings Corporation (NBHC) has announced the signing of a definitive merger agreement to acquire Vista Bancshares, Inc.
The merger strengthens NBHC's presence in high-growth Texas markets, particularly the Dallas-Fort Worth metroplex.
Upon completion of the transaction, the combined company will have approximately $12.4 billion in pro forma assets and $10.4 billion in pro forma deposits.
Strategic Partnership in Texas Markets
The merger agreement enhances NBHC's footprint in the dynamic and fast-growing Dallas-Fort Worth metroplex.
Financial Impact
The transaction is expected to be 17% accretive to NBHC's earnings with a tangible book value earn-back in approximately 3 years.
Leadership Changes
Upon closing, John D. Steinmetz, CEO of Vista Bank, will lead the expanded Texas market and serve as Executive Vice Chair at NBH Bank.
- The merger will create a combined company with strengthened capabilities to offer differentiated banking services and enhanced career opportunities.
- With a focus on commercial and business banking, the merger positions NBHC as a premier regional bank in Texas with a fortress balance sheet and innovative products.
The merger agreement between NBHC and Vista Bancshares, Inc. represents a strategic move to expand operations and strengthen community partnerships in Texas markets.