South Plains Financial Completes $744M-Asset BOH Merger, Expands Deposits by $603M
South Plains Financial completed merger with BOH Holdings effective April 1, integrating BOH’s $744 million in assets, $624 million in loans and $603 million in deposits. The combination broadens City Bank’s footprint across Texas markets and adds scale to its commercial and retail banking services.
1. Merger Completion
On April 1, 2026 South Plains Financial finalized the merger of BOH Holdings into its holding company and integrated Bank of Houston into City Bank as the surviving bank entity.
2. Combined Financials
As of December 31, 2025, the acquired BOH recorded $744 million in assets, $624 million in outstanding loans and $603 million in customer deposits, boosting the group’s balance sheet scale.
3. Strategic Expansion
The transaction extends City Bank’s reach in the Greater Houston region and reinforces its presence in West Texas, Dallas, El Paso, the Permian Basin and College Station.
4. Deal Advisors
Raymond James & Associates and Hillworth Bank Partners provided financial advice and fairness opinions to South Plains and BOH respectively, supported by legal counsel from Hunton Andrews Kurth LLP and Fenimore Kay Harrison LLP.