National Bank Holdings Corporation Completes Acquisition of Vista Bancshares, Inc. and Vista Bank
DENVER, Jan. 07, 2026 (GLOBE NEWSWIRE) -- National Bank Holdings Corporation (NYSE: NBHC), the holding company for NBH Bank, has announced the completion of its acquisition of Vista Bancshares, Inc. This acquisition establishes a stronger foundation for NBHC, expanding its operational footprint into key growth markets including Dallas-Fort Worth, Austin, and Lubbock, Texas, as well as Palm Beach, Florida.
Transaction Overview and Financial Implications
With this merger, NBHC has approximately $12.6 billion in pro forma assets and $10.7 billion in pro forma deposits, as of September 30, 2025. The merger agreement stipulates significant share exchanges: each share of Vista common stock will be converted into 3.1161 shares of NBHC Class A common stock alongside $31.62 in cash. Vista shareholders will ultimately own approximately 16% of NBHC on a fully diluted basis, culminating in a total transaction value of around $377.4 million.
Strategic Benefits of the Acquisition
This acquisition significantly bolsters NBHC's strategy, aligning its extensive product offerings with Vista Bank's proven relationship banking model. The combined organization will adopt the Vista Bank brand in Texas, with a complete rollout across all operating regions slated for later this year (excluding Bank of Jackson Hole). The systems integration is projected for completion in the third quarter of 2026.
- Enhanced Market Presence: Expands into high-growth markets.
- Increased Asset Base: $12.6 billion in pro forma assets post-acquisition.
- Robust Deposit Growth: $10.7 billion in pro forma deposits enhancing liquidity.
Leadership Insights
“We are pleased to welcome Vista Bank associates and clients into our Bank family,” said Tim Laney, Chairman and CEO of NBHC. “The combination of Vista Bank’s robust leadership and our strong balance sheet will enable us to deliver enhanced services to commercial and business banking clients."
Additionally, John Steinmetz, Executive Vice Chairman of NBH Bank and former President and CEO of Vista, expressed enthusiasm for the merger: “I am looking forward to collaborating with Tim Laney to elevate our shared vision and empower our markets with expanded services.”
Advisors and Legal Counsel
The transaction was facilitated by various advisory firms: Keefe, Bruyette & Woods, a Stifel Company, served as financial advisor to NBHC, while Jefferies LLC acted as exclusive financial advisor to Vista. Legal counsel for NBHC was provided by Wachtell, Lipton, Rosen & Katz, and for Vista by Squire Patton Boggs LLP.
About National Bank Holdings Corporation
National Bank Holdings Corporation is dedicated to establishing a leading community bank framework. With over 100 banking centers across Colorado, the greater Kansas City area, Texas, and beyond, NBHC is committed to delivering exceptional service to individuals and businesses alike. Its diverse banking brands serve a broad spectrum of financial needs.
Forward-Looking Statements
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements pertain to NBHC’s expectations and plans regarding the acquisition and related business operations. Various factors could cause actual results to differ materially from those anticipated, including integration challenges, market conditions, and financial performance.