South Plains Financial, Inc. (NASDAQ: SPFI) (“South Plains” or “the company”) is the $5.4 billion asset bank holding company of City Bank (“the bank”), a Texas-chartered bank headquartered in Lubbock, TX. The bank operates 26 branches across several Texas markets, including Lubbock, Houston, College Station, and Dallas, with an additional presence in Ruidoso, NM, as well as seven mortgage loan production offices. On April 1, 2026, SPFI completed its acquisition of BOH Holdings, Inc. (“BOH”), which added ~$685 million in assets and strengthened the company’s existing presence in the Houston MSA. While organic growth remains the primary strategic focus, M&A continues to serve as a potential avenue for expanding SPFI’s relationship-based banking franchise across Texas.
Principal business activities include commercial and retail banking, along with investment, trust, and mortgage services to small businesses and customers throughout the…
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