M&A Deal Summary

South Plains Financial Acquires Bank of Houston

On December 1, 2025, South Plains Financial acquired financial services company Bank of Houston for 106M USD

Acquisition Highlights
  • This is South Plains Financial’s 1st transaction in the Financial Services sector.
  • This is South Plains Financial’s largest (disclosed) transaction.
  • This is South Plains Financial’s 1st transaction in the United States.
  • This is South Plains Financial’s 1st transaction in Texas.

M&A Deal Summary

Date 2025-12-01
Target Bank of Houston
Sector Financial Services
Buyer(s) South Plains Financial
Deal Type Add-on Acquisition
Deal Value 106M USD
Advisor(s) Hillworth (Financial)
Fenimore, Kay, Harrison & Ford (Legal)

Target

Bank of Houston

Houston, Texas, United States
Bank of Houston offers banking services, including personal checking and savings accounts, business and commercial banking, treasury services, and online banking. Bank of Houston was founded in 1893 and is headquartered in Houston, Texas.

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Buyer(S) 1

Buyer

South Plains Financial

Lubbock, Texas, United States

Category Company
Founded 1941
Sector Financial Services
Employees528
Revenue 189M USD (2024)
DESCRIPTION

South Plains Financial provides a wide range of commercial and consumer financial services to small and medium-sized businesses and individuals in its market areas. Its principal business activities include commercial and retail banking, along with investment, trust and mortgage services. South Plains Financial was founded in 1941 and is based in Lubbock, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-04 Windmark Crop Division

Lubbock, Texas, United States

Windmark Crop Division offers a wide range of crop insurance services to meet the unique coverage needs of farm businesses located across the country. Windmark Crop Division is based in Lubbock, Texas.

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