MidFirst Bank, a large, privately-owned bank, entered into a definitive agreement to acquire Dallas Capital Bank. Through this agreement, Dallas Capital Bank clients will benefit from the same trusted relationships and service enhanced by MidFirst’s additional scale, resources and product capabilities.
“Dallas is one of the most dynamic banking markets in the country, and Dallas Capital Bank has built exactly the kind of relationship-focused culture that defines the MidFirst experience,” Todd Dobson, CEO of MidFirst Bank, said. “Dallas Capital Bank’s team is recognized for delivering exceptional personalized service, and by bringing our organizations together, we will be able to serve the Dallas market in an even greater way.”
Doug Hutt, chairman and CEO of Dallas Capital Bank, added, “MidFirst and Dallas Capital Bank share a fundamental belief that clients deserve a banking partner who knows them, responds quickly and makes decisions locally. We have spent over a decade building that kind of bank here in Dallas. Joining MidFirst means our clients will continue to receive that same personalized approach, now with the full resources and scale of the nation’s largest privately owned bank behind them.”
Jason Matthews, president and chief banking officer of Dallas Capital Bank, said, “This partnership with MidFirst prioritizes our people and our clients. Our team has decades of commercial and private banking experience in Dallas. We work hard to earn the trust of our clients, and our bankers will now be able to offer a broader suite of products and capabilities while still providing the same exceptional level of service our clients have come to expect from us.”
The proposed acquisition of Dallas Capital Bank builds on MidFirst’s expanding Texas footprint, which already includes banking locations in Dallas, San Antonio and Houston.
“We have invested in Texas for many years, and this transaction is an important step in deepening our commitment to the state,” G. Jeffrey Records, Jr., chairman of the board of MidFirst Bank, said. “Dallas Capital Bank’s leadership has built an outstanding bank over the past decade, and we are proud to welcome their team and clients to MidFirst.”
The transaction is subject to customary closing conditions, including regulatory approval, and is expected to close in H2/26.
BofA Securities served as financial adviser and Fenimore Kay Harrison provided legal counsel to MidFirst Bank. Raymond James & Associates served as financial adviser and Hunton Andrews Kurth provided legal counsel to Dallas Capital Bank.
