South Plains Financial and BOH Holdings Receive Final Approvals for Merger

South Plains Financial, Inc. (SPFI) and BOH Holdings, Inc. have announced the receipt of all necessary regulatory and shareholder approvals required to complete their merger. The final hurdle was cleared on March 20, 2026, when BOH Holdings shareholders officially voted in favor of the transaction. Under the terms of the agreement, South Plains will serve as the surviving corporation following the completion of the deal. Additionally, the Bank of Houston is set to be integrated into City Bank, a subsidiary of South Plains Financial. This strategic consolidation aims to streamline banking operations and expand the combined entity's market presence. The successful removal of these regulatory hurdles significantly reduces deal uncertainty, providing a positive outlook for SPFI's stock performance.

Sources:globenewswire.comtyfone.com