South Plains Financial Completes Merger with BOH Holdings

The combined company will expand City Bank's footprint in Texas and New Mexico markets.

Apr. 1, 2026 at 8:52pm

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South Plains Financial, Inc., the parent company of City Bank, has completed its merger with BOH Holdings, Inc. and its subsidiary Bank of Houston. The combined company will have over $1.3 billion in total assets and expand City Bank's presence in markets across Texas and New Mexico.

Why it matters

This merger allows South Plains Financial to grow its community banking operations and customer base in key Texas and New Mexico markets. It also demonstrates continued consolidation in the regional banking industry as smaller institutions seek to gain scale and efficiency through M&A.

The details

Under the terms of the deal, BOH Holdings has been merged into South Plains Financial, with City Bank absorbing Bank of Houston. As of the end of 2025, BOH had $744 million in total assets, $624 million in loans, and $603 million in deposits. The combined company will operate under the South Plains Financial and City Bank brands across an expanded geographic footprint.

  • The merger was completed on April 1, 2026.
  • As of December 31, 2025, BOH Holdings had $744 million in total assets.

The players

South Plains Financial, Inc.

The bank holding company for City Bank, one of the largest independent banks in West Texas with operations across the state and in New Mexico.

BOH Holdings, Inc.

The parent company of Bank of Houston, which has been merged into City Bank as part of this transaction.

City Bank

The Texas state-chartered bank subsidiary of South Plains Financial, which will absorb Bank of Houston and expand its footprint through this merger.

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What’s next

The combined company will work to integrate operations and systems over the coming months to fully realize the benefits of the merger.

The takeaway

This deal demonstrates the continued consolidation in regional banking as smaller institutions seek to gain scale and efficiency through mergers and acquisitions. The expanded City Bank franchise will be better positioned to compete and serve customers across its West Texas and New Mexico markets.