Dallas Capital Bank to be Acquired by MidFirst Bank

Sunday, June 21, 2026

MidFirst Bank has agreed to acquire Dallas Capital Bank, a deal expected to close in the second half of 2026, combining a $42 billion asset base with Dallas Capital’s $1.2 billion in assets. This acquisition strengthens MidFirst’s presence in the competitive Dallas market and reflects growing interest from out-of-state banks in Texas’s expanding economy.

Dallas Capital Bank, a Dallas-based financial institution, has agreed to be acquired by MidFirst Bank, a privately held bank headquartered in Oklahoma City. The two banks announced the definitive agreement on Wednesday, with the transaction expected to be completed in the second half of 2026.

Dallas Capital Bank holds approximately $1.2 billion in assets, while MidFirst Bank oversees $42 billion, according to the most recent FDIC data. MidFirst Bank is the largest privately held bank in the United States.

Todd Dobson, CEO of MidFirst Bank, described Dallas as "one of the most dynamic banking markets in the country," highlighting Dallas Capital Bank’s reputation for cultivating close client relationships that align with MidFirst’s customer service philosophy. Dobson emphasized that the combined organization will enhance its ability to serve the Dallas market more effectively.

This acquisition follows several significant banking consolidations in the North Texas region. Last year, Huntington Bank, based in Ohio, acquired Veritex Bank, which had about $13 billion in assets, and National Bank Holdings Corporation, headquartered in Denver, purchased Vista Bank, which managed around $2.5 billion in assets. One of the most substantial deals was the $11 billion merger between Ohio-based Fifth Third Bank and Comerica Bank, creating the nation’s ninth-largest bank.

The expansion of out-of-state banks into the Dallas market underscores the area’s growth and appeal. MidFirst Bank currently operates locations in Houston, Dallas, and San Antonio and has made substantial investments in the Houston market in recent years.

Doug Hutt, chairman and CEO of Dallas Capital Bank, said the two banks share the belief that clients deserve responsive, locally focused banking services. He emphasized that the decade-long effort Dallas Capital Bank has invested in developing personalized banking will continue under MidFirst’s ownership, with clients benefiting from the larger bank’s scale and resources.

The acquisition is part of a broader trend of regional and national banks increasing their presence in Texas, a state that continues to attract banking institutions seeking growth opportunities in rapidly expanding metropolitan areas.