Acquisition adds premier commercial and private bank with ~$1.2B in assets to MidFirst’s growing Texas footprint
MidFirst Bank (“MidFirst”), the largest privately owned bank in the nation, announced the successful completion of its previously announced acquisition of Dallas Capital Bank.
“We have invested in Texas for many years, and this transaction represents the next meaningful step furthering that commitment,” said Todd Dobson, CEO of MidFirst Bank. “Dallas Capital Bank has built an outstanding business in one of the country’s most dynamic banking markets, and we are proud to welcome their team and clients to MidFirst. Our conviction in this market has never been stronger.”
Doug Hutt, Chairman and CEO of Dallas Capital Bank stated, “We have spent more than a decade building a bank that earns the trust of our clients every day through local, highly personal relationships and exceptional service. Joining MidFirst enhances our ability to provide outstanding service and support to our clients through access to a greater capital base and additional products and services. We look forward to growing that legacy with MidFirst as we continue to serve our clients and community for decades to come.”
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“This is a tremendous moment for our team and for our clients,” said Jason Matthews, President and Chief Banking Officer of Dallas Capital Bank. “From greater lending capacity to a broader suite of commercial, private banking and treasury management products, our clients will now have access to expanded capabilities – all delivered by the same team they already know and trust.”
Dallas Capital Bank will continue to operate under its current name as a division of MidFirst Bank until the transition to the MidFirst Bank systems and brand in May of 2027.
BofA Securities served as financial adviser and Fenimore Kay Harrison LLP provided legal counsel to MidFirst Bank. Raymond James & Associates, Inc. served as financial adviser and Hunton Andrews Kurth LLP provided legal counsel to Dallas Capital Bank.
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