South Plains Financial, Inc. announced a definitive merger agreement to acquire BOH Holdings, Inc. in an all-stock transaction valued at $105.9 million. The merger will strengthen South Plains as a leading Texas community bank with approximately $5.4 billion in assets, $3.8 billion in loans, and $4.6 billion in deposits. The transaction is expected to be 11% accretive to SPFI’s earnings per share in 2027 and provides important scale in the Houston market. The merger is anticipated to close in the second quarter of 2026, subject to regulatory approvals and shareholder agreement.

Upon completion of the transaction, Jim Stein, Chairman, President, and CEO of BOH, will join South Plains and continue leading his team in Houston. South Plains will exchange 0.1925 of its shares for each outstanding share of BOH, making former BOH shareholders own approximately 14.5% of the combined company. Further information about the proposed transaction can be found on the SEC’s website and South Plain’s investor section.

Read more at GlobeNewswire: South Plains Financial, Inc. Deepens its Commitment to the