Greenwood Village, Colo.-based National Bank Holdings Corporation is acquiring Dallas-based Vista Bancshares for $369.1 million..The deal is expected to close in the first quarter of 2026. Vista Bancshares is the holding company of Vista Bank. Founded in 1912, the $2.4 billion Vista Bank has nearly a dozen branches in Dallas-Fort Worth, Austin and Lubbock, Texas, as well as Palm Beach, Fla. The bank also has $2.1 billion in deposits and $1.9 billion in loans. Following the acquisition, National Bank Holdings will have $12.4 billion in assets and $10.4 billion in deposits. NBH Bank plans to initially keep the Vista brand in Texas, with integration planned later.Vista Bank CEO John Steinmetz will lead the Texas market following the merger. He will also serve as executive vice chair and executive managing director of strategic initiatives at NBH Bank. Steinmetz called NBH “the right partner at the right time,” citing the combined company’s strong balance sheet, technology and expanded products.The deal strengthens National Bank Holdings Corporation’s status as an exceptional regional bank, said Chair and CEO Tim Laney. “This strategic partnership expands our footprint within the dynamic and fast-growing Dallas-Fort Worth metroplex,” Laney said. “We look forward to continuing Vista’s legacy of community partnership while offering enhanced services and opportunities.”Under the terms of the agreement, Vista shareholders are slated to receive $84.8 million in cash and 7.4 million shares of NBHC common stock.For National Bank Holdings Corporation, New York City-based Keefe, Bruyette & Woods is financial adviser while New York-based Wachtell, Lipton, Rosen & Katz is legal counsel. New York-based Jefferies LLC is financial adviser to Vista, while Cleveland-based Squire Patton Boggs is legal counsel.
