Dallas-based Vista Bancshares Inc. is set to be acquired by National Bank Holdings Corp. in a deal valued at $369 million.
A statement from Vista says its shareholders will receive roughly $84.4 million of cash and around 7.4 million shares of National Bank’s common stock, subject to possible adjustments. Pending regulatory approval, the transaction is expected to close during the first quarter of 2026.
On its own, Vista Bank, founded in 1912, oversees $2.4 billion in assets and 11 banking centers. The completion of the merger will see National Bank grow to $12.4 billion of assets and roughly 100 locations in Texas, Utah, Colorado, Florida, Wyoming, Kansas, Idaho, and New Mexico. Vista Chief Executive John Steinmetz will lead operations in Texas.
“While we may have had multiple opportunities along the way and strongly considered an IPO, after meeting the NBHC team, it became clear to us that NBH Bank is the right partner at the right time,” Steinmetz said in a press release.
“What excites us most is that our combined organization will have a fortress balance sheet, dynamic team, industry-leading technology, and an expanded portfolio of innovative products and services for our valued clients.”
Tim Laney, Chairman and CEO of National Bank Holdings Corporation, welcomed the addition of Vista Bancshares, praising the organization for its “strong leadership and deep ties to their communities.”
According to Laney, the partnership will help National Bank expand its footprint in the Dallas-Fort Worth metroplex.
“We have a deep appreciation for Vista’s 113-year history in Texas, and we look forward to continuing Vista’s legacy of community partnership. The combination of our fortress balance sheet and Vista’s exceptional client service enables us to offer differentiated and expanded banking services for clients, enhanced career opportunities for associates, and a strong commitment to making a difference in the communities we serve,” said Laney.