Dallas Capital Bank has agreed to be acquired by Oklahoma City-based MidFirst Bank, marking another significant banking consolidation in North Texas as regional institutions continue to attract interest from larger out-of-state lenders.

The companies announced Wednesday that they have signed a definitive agreement for the acquisition. The transaction is expected to be completed during the second half of 2026, subject to regulatory approvals and customary closing conditions.

Dallas Capital Bank currently holds approximately $1.2 billion in assets, according to the latest Federal Deposit Insurance Corporation (FDIC) data. MidFirst Bank, the largest privately held bank in the United States, manages roughly $42 billion in assets.

North Texas Remains a Key Banking Growth Market

The acquisition reflects a broader trend of consolidation within the banking industry as financial institutions seek opportunities in rapidly expanding markets such as Dallas-Fort Worth.

Todd Dobson, chief executive officer of MidFirst Bank, said the Dallas market aligns closely with the company’s relationship-focused banking approach. He noted that Dallas Capital Bank has established a strong reputation for personalized customer service and said the combined organization will be better positioned to serve businesses and customers across the region.

MidFirst already operates in several major Texas cities, including Dallas, Houston, and San Antonio. The bank has also expanded its Texas footprint significantly in recent years, particularly in Houston.

Latest in a Wave of Banking Mergers

The Dallas Capital Bank transaction follows several notable banking deals announced over the past year.

Among them, Texas-based Veritex Bank, which held approximately $13 billion in assets, agreed to be acquired by Ohio-based Huntington Bank. Meanwhile, Vista Bank, with about $2.5 billion in assets, reached a deal with Denver-based National Bank Holdings Corporation.

One of the largest transactions involved the merger of Ohio’s Fifth Third Bank and Comerica Bank in an $11 billion agreement, creating the nation’s ninth-largest banking institution.

Leadership Highlights Shared Banking Philosophy

Doug Hutt, chairman and CEO of Dallas Capital Bank, said both organizations share a commitment to responsive service, local decision-making, and strong client relationships.

According to Hutt, Dallas Capital Bank has spent more than a decade building a customer-focused banking model in North Texas. He said the partnership with MidFirst will allow clients to continue receiving personalized service while gaining access to the broader resources and capabilities of a much larger financial institution.

The acquisition underscores the continuing appeal of North Texas as one of the fastest-growing banking and business markets in the United States, drawing increased investment from financial institutions headquartered outside the region.