South Plains Financial Completes Merger With Bank of Houston

South Plains Financial, Inc. (NASDAQ: SPFI) has completed its merger with BOH Holdings, Inc., with South Plains continuing as the surviving corporation. The merger also folded BOH’s wholly owned subsidiary, Bank of Houston, into City Bank, with City Bank as the surviving bank.

The mergers became effective April 1, 2026. As of December 31, 2025, BOH reported total assets of $744 million, total loans of $624 million, and total deposits of $603 million. Raymond James advised South Plains with a fairness opinion, and Hillworth Bank Partners advised BOH with a fairness opinion.