National Bank, the holding company for NBH Bank, successfully completed its acquisition of Vista Bancshares, the holding company for Vista Bank with operations in Dallas-Ft. Worth, Austin and Lubbock, Texas, as well as Palm Beach, Florida.
With the completion of the acquisition, National Bank now has approximately $12.6 billion in pro forma assets and $10.7 billion in pro forma deposits based on Sept. 30, 2025 financials.
Immediately following the closing of the merger of Vista with and into National Bank, the combined organization will begin adopting the Vista Bank brand in Texas and incorporate it across the entire enterprise later this year (with the exception of Bank of Jackson Hole). The systems integration is scheduled for Q3/26.
This acquisition further strengthens National Bank’s position as a regional bank and expands its footprint into the Dallas-Ft. Worth, Austin and Palm Beach markets. Integrating National Bank’s product capabilities with the strength of Vista Bank’s relationship-banking model further enhances National Bank’s long-term growth strategy.
“We are pleased to welcome Vista Bank associates and clients into our Bank family,” Tim Laney, chairman and CEO of National Bank, said. “Vista Bank’s strong leadership team in combination with our fortress balance sheet will enable us to offer truly differentiated and expanded banking services to commercial and business banking clients including across the Vista markets.”
John Steinmetz, executive vice chairman and director of strategic initiatives of NBH Bank and former president and CEO of Vista, said, “I am looking forward to working with Tim Laney and sharing in his strategic vision to make our combined organization an even more powerful regional bank. We are excited about the expanded offerings and capabilities that we can bring to our markets.”
In accordance with the merger agreement, at the effective time of the merger on Jan. 7, 2026, each share of common stock, par value $1.00 per share, of Vista was converted into the right to receive 3.1161 shares of Class A common stock, par value $0.01 per share, of National Bank, $31.62 in cash and cash in lieu of fractional shares of National Bank, if any, subject to adjustments in accordance with merger agreement. Vista shareholders will receive approximately $84.8 million of cash consideration, pending any final adjustment to the cash consideration, inclusive of estimated cash payments to holders of Vista options and warrants, and Vista shareholders will own approximately 16% of National Bank shares on a fully diluted basis. The total transaction value, based on National Bank’s Jan. 6, 2026 closing price, is approximately $377.4 million.
Keefe, Bruyette & Woods, a Stifel company, served as financial advisor and Wachtell, Lipton, Rosen & Katz served as legal counsel to NBHC. Jefferies served as exclusive financial advisor, and Squire Patton Boggs served as legal counsel to Vista.
