Jan 7, 2026
Dallas-based Vista Bank has officially become part of National Bank Holdings Corp.
The Greenwood Village, Colorado-based parent company of NBH Bank closed its acquisition of Vista Bancshares, the parent company of Vista Bank, on Jan. 7, according to an announcement. The cash-and-stock deal had a total value of $377.4 million based on NBHC’s closing stock price on Jan. 6,, a 2% increase from $369 million when the banks originally announced the merger in mid-September.
Vista shareholders received roughly $84.8 million in cash and 3.1161 Class A shares of common NHBC stock for each share of Vista common stock. Vista shareholders will own approximately 16% of outstanding NBHC shares.
With the completion of the deal, NBHC now has about $12.6 billion in assets and $10.7 billion in deposits based on September 30, 2025 financials. NBH Bank also becomes the 60th-largest insured depository institution in Texas with $2.2 billion in deposits.
Vista Bank operated 11 branch locations in Dallas-Fort Worth, Austin, Lubbock and Palm Beach, Florida, and had $2.5 billion in assets and $2.2 billion in deposits as of Sept. 30, according to a quarterly filing with the Federal Financial Institutions Examination Council.
As part of the deal, the combined bank will begin adopting the Vista Bank brand in Texas and incorporate it across the entire enterprise later this year, with the exception of Bank of Jackson Hole in Wyoming. The banks intend to complete a systems integration in the third quarter of 2026.
For NBHC, the acquisition of Vista gives the company a much stronger position in the high-growth DFW market, as well as Austin and Palm Beach, Florida. Under CEO John Steinmetz’s leadership, Vista Bank had become one of the fastest-growing businesses in DFW in recent years. In 2023, Vista acquired Charis Bank to make a push into Denton County and that same year opened its Florida office.
Vista also became the first bank to open a branch in Fair Park in three decades in 2024, helping to create momentum for banks to serve communities south of I-30 in Dallas. In August, the bank brought on Mandy Austin as its new president of corporate banking, adding one of the region’s most well-known financial leaders to oversee a key business segment.
Steinmetz now moves into a new role as executive vice chairman and director of strategic initiative for NBH Bank.
“I am looking forward to working with [NBHC CEO] Tim Laney and sharing in his strategic vision to make our combined organization an even more powerful regional bank,” Steinmetz said in a statement. “We are excited about the expanded offerings and capabilities that we can bring to our markets.”
Laney welcomed Vista Bank associates and clients in a statement, and expressed optimism about the combined bank’s future.
“Vista Bank’s strong leadership team in combination with our fortress balance sheet will enable us to offer truly differentiated and expanded banking services to commercial and business banking clients including across the Vista markets,” he said.
Keefe, Bruyette & Woods, a Stifel company, served as financial adviser to NHBC in the deal, while Wachtell, Lipton, Rosen & Katz provided legal counsel. Jefferies LLC was the exclusive financial adviser to Vista in the deal, and Squire Patton Boggs LLP served as the bank’s legal counsel.
The deal continues a recent trend of dealmaking activity within the Texas banking industry. Other recent deals include a merger between Texas Trust Credit Union and Family 1st Credit Union, a $1.9 billion buyout of Dallas-based Veritex Community Bank by the parent of Columbus, Ohio-based Huntington National Bank and the $476 million purchase of Addison-based Guaranty Bank & Trust by Montana-based Glacier Bancorp Inc. Shareholders of Fifth Third Bancorp and Comerica Inc. also approved a $10.9 buyout of Comerica on Jan. 6.