South Plains Financial, Inc. Finalizes Strategic Merger with BOH Holdings, Inc.

Key Points from the Report

• Merger Completion: South Plains Financial, Inc. (NASDAQ: SPFI), parent company of City Bank, has successfully completed its merger with BOH Holdings, Inc. and its subsidiary, Bank of Houston, as of April 1, 2026.
• Expansion of City Bank: As part of the transaction, Bank of Houston has merged into City Bank, which will continue as the surviving bank entity.
• BOH Holdings’ Financials: As of December 31, 2025, BOH Holdings had total assets of \$744 million, total loans of \$624 million, and total deposits of \$603 million.
• Advisors Involved: Raymond James & Associates, Inc. acted as financial advisor and provided a fairness opinion to South Plains, while Hunton Andrews Kurth LLP served as its legal advisor. On the BOH side, Hillworth Bank Partners acted as financial advisor and Fenimore Kay Harrison LLP as legal counsel.

Details and Implications for Shareholders

• Significant Expansion: This merger significantly increases South Plains Financial’s asset base and deposit portfolio. With the addition of BOH’s \$744 million in assets, shareholders should expect a stronger balance sheet and potentially enhanced earning power for the combined entity.
• Market Footprint: City Bank, already one of the largest independent banks in West Texas, now expands its reach further into key Texas markets such as Dallas, El Paso, Greater Houston, the Permian Basin, and College Station, as well as Ruidoso, New Mexico.
• Range of Services: The combined institution will offer a broad spectrum of financial services, including commercial and consumer banking, investment, trust, and mortgage services—strengthening its competitive position.
• Transparency and Investor Communication: South Plains Financial emphasizes its commitment to transparency by routinely posting important information for investors on its website, especially under the News & Events section. The company intends to use its website for disclosing material non-public information and for compliance with Regulation FD (Fair Disclosure) by the SEC.
• Potential Price Sensitivity: The scale of this transaction and the integration of significant new assets, loans, and deposits could have a meaningful impact on South Plains Financial’s earnings, growth prospects, and share price. Investors should monitor upcoming financial disclosures regarding cost synergies, integration progress, and updated guidance.

Investor Contact Information

Mikella Newsom, Chief Risk Officer and Secretary
Phone: (866) 771-3347
Email: [email protected]
Source: South Plains Financial, Inc.

Further Information

For more details, investors are encouraged to visit the company’s official website at
https://www.spfi.bank and specifically the News & Events section for the latest press releases and disclosures.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with a financial advisor before making any investment decisions. The information provided is based on publicly available disclosures as of April 1, 2026, and may be subject to change.

View SOUTH PLAINS FINANCIAL, INC. Historical chart here