Huntington Bancshares raised its net interest income growth forecast for the year. They announced the acquisition of Veritex Holdings Inc. for $1.9 billion in an all-stock deal. Veritex has over 30 bank branches in Texas and approximately $13 billion in assets as of March 31. The move will help Huntington expand in Dallas and Houston. The acquisition is seen as a way for Huntington to enter an “attractive” market.
Read more at Yahoo Finance: Huntington Bank CFO: Q2 Earnings Were “Phenomenal”
