National Bank Holdings Corporation (NBHC), the parent company of NBH Bank, has agreed to acquire Vista Bancshares, in a deal valued at around $369.1m.

Vista Bancshares is the parent of Texas-based Vista Bank. The bank operates in various regions across the US including Dallas-Ft. Worth, Austin, Lubbock, Texas, as well as Palm Beach, Florida.

As per the agreed terms, Vista shareholders are set to receive about $84.8m in cash, which includes estimated payments to holders of Vista options and warrants, along with nearly 7.4 million shares of NBHC common stock, subject to certain adjustments.

The merger has received unanimous approval from the boards of both companies.

It now awaits approval from Vista’s shareholders, relevant regulatory authorities, and other standard closing conditions, with deal completion anticipated in the first quarter of 2026.

The merged entity is projected to have approximately $12.4bn in pro forma assets and $10.4bn in pro forma deposits.

NBH Bank intends to maintain the Vista Bank brand in Texas while gradually integrating it into the larger organisation.

The deal is projected to be 17% accretive to NBHC’s earnings.

NBHC chairman and CEO Tim Laney said: “We are pleased to welcome Vista Bancshares, an organisation with strong leadership and deep ties to their communities, into the NBH family.

“This strategic partnership expands our footprint within the dynamic and fast-growing Dallas-Fort Worth metroplex. We have a deep appreciation for Vista’s 113-year history in Texas, and we look forward to continuing Vista’s legacy of community partnership.

“The combination of our fortress balance sheet and Vista’s exceptional client service enables us to offer differentiated and expanded banking services for clients, enhanced career opportunities for associates, and a strong commitment to making a difference in the communities we serve.”

John Steinmetz, the current CEO of Vista Bank, will oversee the Texas market after the merger, focusing on expansion in “high growth markets”.

He will also assume the roles of executive vice-chair and executive managing director of Strategic Initiatives at NBH Bank.

Steinmetz said: “It’s been our board’s top priority to create best-in-class shareholder value by building the best place to work.

“While we may have had multiple opportunities along the way and strongly considered an IPO, after meeting the NBHC team, it became clear to us that NBH Bank is the right partner at the right time.

“What excites us most is that our combined organization will have a fortress balance sheet, dynamic team, industry-leading technology, and an expanded portfolio of innovative products and services for our valued clients.”

Vista Bank, founded in 1912, is a commercial bank with reported assets of $2.4bn, deposits of $2.1bn, and loans amounting to $1.9bn, alongside 11 banking locations as of 30 June 2025.