National Bank Holdings Enters $369M Merger, Bank Midwest to Operate Under New Brand

National Bank Holding Corporation has entered a $369.1 million merger deal with Dallas-based Vista Bank. Photo credit: Will Crow.

Posted September 18, 2025

National Bank Holdings Corporation has signed a merger agreement to acquire Dallas-based Vista Bancshares, Inc.. It plans to incorporate its brand name across its enterprise, including Kansas City-based Band Midwest.

In a deal valued at $369.1 million, NBH will acquire Vista Bank’s operations in Dallas-Ft. Worth, Austin, and Lubbock, Texas, as well as Palm Beach, Florida. Founded in 1912, Vista Bank is a full-service commercial bank with $2.4 billion in assets, $2.1 billion in deposits, $1.9 billion in loans, and 11 banking centers as of June 30, 2025, according to a Monday release.

“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,” Chairman and CEO of NBH, Tim Laney, said in the release. “By expanding our footprint in Texas, we strengthen our position as a premier regional bank focused on commercial and business banking.”

NBHC expects to close the proposed transaction in the first quarter of 2026.

Additionally, NBH Bank plans to retain the Vista Bank brand in Texas and incorporate it across the combined enterprise over time. NBH owns a family of banks, including Community Banks of Colorado, Bank Midwest, and Hillcrest Bank. One bank NBH owns will continue to operate under its own name, Wyoming-based Bank of Jackson Hole.

“As far as the adoption of the Vista name, well, I love it,” Laney said in a conference call. “We’ve been looking for some time to brand our banks under one powerful name.”

Under the terms of the agreement, Vista shareholders will receive approximately $84.8 million of cash consideration and approximately 7.4 million shares of NBHC common stock. The transaction has a value of $369.1 million is based on NBHC’s closing price of $38.47 as of September 12.