Huntington Bancshares Climbs on Full Merger Approval for Veritex Deal
The regional banking giant has now cleared all regulatory hurdles for its pending all-stock transaction with Veritex Holdings, set to close in 2025.
Huntington Bancshares (NASDAQ: HBAN) saw its shares gain ground after the company announced it had secured the final go-ahead from regulators for its planned merger with Veritex Holdings (NASDAQ: VBTX). The news removes the last significant obstacle for the all-stock deal, signaling a clear path to completion.
The regional banking powerhouse confirmed that it from both the Federal Reserve Board and the Office of the Comptroller of the Currency (OCC). This critical step assures investors that the transaction is on track to be finalized. Following the announcement, Huntington's stock as the market responded positively to the certainty provided by the regulatory green light.
With approvals now in hand, the merger is , according to company statements. The combination of Huntington, a major player in the Midwest with assets of approximately $208 billion, and Texas-based Veritex Holdings is set to create a strengthened regional bank with an expanded footprint.
The move comes as the financial services sector continues to see a wave of consolidation, with banks seeking greater scale to compete on technology and service offerings. This merger positions the combined entity to better serve a broader customer base across key markets. While some analysts have noted that Huntington's valuation metrics are near historical highs, the consensus sentiment remains a , reflecting confidence in its strategic direction and financial health.