# SOUTH PLAINS FINANCIAL, INC. (SPFI) — merger/definitive [pending]
Source: SEC API (secapi.ai) · situation sit_213d494ba1435ca2eabb · retrieved 2026-08-11T15:50:21.347Z

## Overview
South Plains Financial, Inc. is the bank holding company for City Bank, a Texas state-chartered bank headquartered in Lubbock, Texas, providing commercial and consumer financial services to small and medium-sized businesses and individuals across West Texas, Dallas, El Paso, Greater Houston, the Permian Basin, College Station, and Ruidoso, New Mexico.

South Plains Financial, Inc. entered into a definitive merger agreement with BOH Holdings, Inc. and its banking subsidiary Bank of Houston on December 1, 2025. At September 30, 2025, BOH had approximately $772 million in assets, $633 million in loans, and $629 million in deposits. The transaction is projected to be 11% accretive to earnings per share with tangible book value earnback under 3 years, and is expected to strengthen South Plains' position in the fast-growing Houston metropolitan area.

## Terms
- Counterparty: BOH Holdings, Inc.

## Key dates
- Announced 2026-01-26

## Timeline
- 2026-01-26 · 425 (0001140361-26-002402): 425 - SOUTH PLAINS FINANCIAL, INC. — *South Plains Financial, Inc. is the bank holding company for City Bank, a Texas state-chartered bank headquartered in Lubbock, Texas, providing commercial and consumer financial services to small and medium-sized businesses and individuals across West Texas, Dallas, El Paso, Greater Houston, the Permian Basin, College Station, and Ruidoso, New Mexico.* South Plains Financial, Inc. entered into a definitive merger agreement with BOH Holdings, Inc. and its banking subsidiary Bank of Houston on December 1, 2025. At September 30, 2025, BOH had approximately $772 million in assets, $633 million in loans, and $629 million in deposits. The transaction is projected to be 11% accretive to earnings per share with tangible book value earnback under 3 years, and is expected to strengthen South Plains' position in the fast-growing Houston metropolitan area.
  https://www.sec.gov/Archives/edgar/data/1163668/0001140361-26-002402.txt

## Citations
- 0001140361-26-002402 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000114036126002402