Financial Services Acquisitions in Texas

Harvest Commercial Capital (HCC) announced a merger with Crossroads Impact Corp (CRSS) to combine HCC’s owner-occupied small business commercial lending platform with Crossroads’ residential CDFI capabilities. The combined organization will continue operating under their respective brands and aims to expand access to capital in low- and moderate-income communities while enhancing CRA and SBA-focused lending solutions.

The Vistria Group has acquired Lumen Holdings, a Dallas-based, technology-enabled managing general agent (MGA), and established it as a new platform within Vistria's Financial Services strategy. The investment will support expansion of Lumen’s KURRENT digital underwriting platform, underwriting capabilities across commercial and personal lines, and broader program launches nationwide.

Fifth Third Bancorp has closed its merger with Comerica Incorporated, creating the ninth-largest U.S. bank with approximately $294 billion in assets. The combination expands Fifth Third’s geographic footprint and scale—pairing its retail banking and digital capabilities with Comerica’s middle-market banking franchise and wealth capabilities as part of a broader strategy to build density in high-growth U.S. markets.

Prosperity Bancshares, Inc. completed the merger with Southwest Bancshares, Inc., with Southwest’s wholly owned subsidiary Texas Partners Bank merged into Prosperity Bank, effective February 1, 2026. Under the terms of the agreement, Prosperity issued 4,095,397 shares of common stock to former Southwest shareholders and certain Southwest executives will join Prosperity’s management and board; Texas Partners’ 11 branch locations will continue to operate under the Texas Partners Bank name until integration scheduled for November 2026.

Cetera Financial Group has completed the acquisition of Plains Wealth Management, a Houston-based independent wealth management practice that oversees approximately $400 million in client assets. The Plains team will join The Retirement Planning Group (TRPG), Cetera's employee-based RIA, expanding TRPG's footprint into the Houston market and providing the Plains team with growth and succession options.

Peachtree Group has completed the acquisition of First Western SBLC, LLC, which operates as PMC Commercial Trust, a Dallas-based nationwide direct lender specializing in SBA 7(a) loans. The transaction, approved by the U.S. Small Business Administration, brings SBA lending capabilities into Peachtree's credit platform while PMC will continue operating under its existing name and leadership.

UST has acquired Tailwind Business Ventures, a Texas-based fintech firm with operations in Brazil and other delivery centers, to strengthen UST's digital banking solutions and core banking implementation capabilities. The deal expands UST's presence in South America and enhances its ability to serve mid-market and regional banks with AI-driven modernization and implementation services.

National Bank Holdings Corporation (NBHC) has completed its acquisition of Vista Bancshares, Inc. and its banking subsidiary Vista Bank, expanding NBHC's footprint into key growth markets including Dallas–Fort Worth, Austin, Lubbock and Palm Beach. The combined organization is positioned with approximately $12.6 billion in pro forma assets following the transaction.

Prosperity Bancshares, Inc. (Prosperity) completed the merger with American Bank Holding Corporation and merged American Bank, N.A. into Prosperity Bank effective January 1, 2026. Under the deal Prosperity issued 4,439,981 shares to former American shareholders; American Bank’s management and board members will hold leadership roles at Prosperity as the combined franchise integrates operations through September 2026.

Inszone Insurance Services has acquired Meyer & Rees, Inc., DBA Bierschwale-Rees Insurance, a long-established independent insurance agency based in Fredericksburg, Texas. The acquisition expands Inszone's Texas presence and brings the local agency access to Inszone's technology, broader markets, and operational resources while the Bierschwale-Rees team continues to operate from its Fredericksburg office.

Milliman, a global actuarial and consulting firm, has acquired MorVest Capital, a Dallas-based provider of mortgage servicing rights (MSR) analytics, valuation, and advisory services. The deal expands Milliman’s mortgage analytics, MSR valuation, financing and hedging capabilities to better serve lenders, servicers and capital providers.

Rithm Capital has completed the acquisition of Crestline (Crestline Investors), expanding Rithm’s alternative asset management platform and broadening its investment capabilities across credit, real estate, and structured finance. The deal adds Crestline’s investment track record and leadership to Rithm’s integrated platform, enhancing distribution and product depth for institutional and private wealth clients.

United Capital Financial Advisors has acquired Apexium Financial LP, adding more than $4 billion in assets under management and expanding United Capital's national presence. The deal strengthens United Capital's advisor base and expands its financial planning-led service model, with legal counsel to Apexium provided by Sidley Austin and Decerno Advisors acting as M&A advisor.

D2 Asset Management has integrated the Residential Capital Partners team into its residential credit platform. The Dallas-based private lender's origination and servicing capabilities will combine with D2's institutional capital and capital markets infrastructure to expand direct lending products for single-family real estate investors, including transition, construction, and long-term rental loans.

Great American Holdings, LLC (GA Group), a PE-backed provider of valuation and field exam services, has acquired CBC Group LLC, a specialist in asset-based lending field examinations. The deal folds CBC's team into GA Group's field exam group to expand capabilities and North American coverage, bringing the combined field exam headcount to nearly 40 examiners.

Huntington Bancshares Incorporated has completed its merger with Dallas-based Veritex Holdings, expanding Huntington's presence in Texas by adding Veritex's 31 branches. The combined company holds approximately $223 billion in assets and the transaction advances Huntington's strategic growth in the Dallas–Fort Worth and Houston markets.

Bow River Capital, a Denver-based alternative asset manager, has acquired the asset-based financing business of Dallas-based Park Cities Asset Management. The transaction adds a 12-person team and asset-based private credit strategy to Bow River's platform, expanding its lower-middle-market private credit capabilities.

Corient has added the Dallas-based advisory team Messick Peacock & Associates, which manages $1.54 billion in assets. The deal expands Corient’s presence in the Southwest (Dallas–Fort Worth) and enhances its ability to serve business owners, entrepreneurs and high-net-worth clients; Raymond James served as financial advisor to Messick Peacock.

Bluespring Wealth Partners has acquired Halcyon Wealth Advisors, a Kestra-affiliated RIA overseeing $364 million in AUM, and merged the firm into existing Bluespring portfolio company LifeBridge Financial Group. The deal expands LifeBridge's footprint into the Dallas–Fort Worth market (Halcyon is based in Irving, Texas) and broadens the combined firm's network of advisors across Texas.

Community National Bank & Trust of Texas (CNB&T) completed the acquisition of CapTex Bank, adding five branches in Fort Worth, Bonham, Leonard, Melissa and Trenton and expanding CNB&T's Texas footprint to 18 branches. The deal increases CNB&T's assets to approximately $1.7 billion, broadens its retail and commercial banking capabilities (including wealth management and mortgage origination), and was supported by SRM Corp as strategic advisor.

Franklin BSP Realty Trust, Inc. (FBRT) has closed its acquisition of NewPoint Holdings JV L.L.C. (NewPoint) for $425 million. The deal expands FBRT's multifamily and agency lending capabilities, adding NewPoint's commercial real estate lending platform to FBRT's debt origination and servicing business.

Cadence Bank (NYSE: CADE) completed its acquisition and merger of Industry Bancshares, Inc., the holding company for six Texas community banks, effective July 1, 2025 after receiving regulatory and shareholder approvals. The transaction expands Cadence's branch footprint and deposit base across Texas, bringing Industry Bancshares' approximately $4.4 billion in assets and its network of branches into Cadence's platform.

Inszone Insurance Services, a Sacramento-based national insurance brokerage, has acquired Osterts and Associates, an independent insurance agency based in Plano, Texas. The deal expands Inszone's presence in Texas and ensures continuity for Osterts' clients as owners Jerry and Kim Ostert transition toward retirement.

July Business Services (JULY) has acquired Employee Incentive Plans (EIP), effective May 30, 2025, and concurrently merged AtlasMark Financial’s retirement plan advisory practice into EXPAND, a wholly owned subsidiary of JULY. The deal expands JULY’s retirement-plan capabilities and scale — bringing additional advisory talent and strengthening its fiduciary-driven investment management offering as it grows its platform of retirement-plan services.

Bluespring Wealth Partners acquired Kestra-affiliated SilverStar Wealth Management and merged the firm into its existing Bluespring partner, LifeBridge Financial Group. The combined teams will oversee $1.4 billion in AUM and aim to strengthen their Texas presence and client service capabilities with support from Kestra Financial.

Federal Life Insurance Company has acquired Texas Service Life Insurance Company, a Texas-based preneed insurance provider, as part of a push to expand preneed offerings nationally. Federal Life — rated A- by AM Best and backed by Bain Capital — named George Wise president of Texas Service Life and signaled plans for expanded product and distribution efforts serving families and funeral-home partners.

SavvyMoney has acquired CreditSnap, a fintech provider of deposit account opening and digital lending integrations, to embed CreditSnap's modular origination technology into SavvyMoney's financial wellness and demand-generation platform. The deal aims to strengthen integrations with loan origination and core banking systems, shorten application times, and deliver end-to-end lending and deposit experiences for banks and credit unions.

Arthur J. Gallagher & Co. (Gallagher) has acquired Dallas-based employee benefits brokerage Dean R. Casey & Associates. Dean Casey and his team will join Gallagher’s Dallas office to bolster the firm’s small-group benefits brokerage capabilities in Texas; terms were not disclosed.

BGC Group has acquired OTC Global Holdings, the world’s largest independent commodities brokerage. Following the acquisition, OTCGH co-founder Javier Loya will step away from the firm to focus on scaling his technology-driven utility management company, GETCHOICE!.

BGC Group, Inc. completed the acquisition of OTC Global Holdings, LP for $325 million in a substantially all-cash transaction, acquiring 100% of OTC's equity. The deal brings OTC's highly complementary energy and commodities brokerage capabilities into BGC's platform — OTC generated over $400 million in 2024 — and is intended to expand BGC's product suite and market leadership in energy, commodities, and shipping.

A&D Mortgage has completed the acquisition of the wholesale and non-delegated correspondent mortgage origination business from Mr. Cooper Group. The deal expands A&D Mortgage's presence in Agency and Government lending, strengthens its Non-QM capabilities, and brings an expanded broker network and team of mortgage professionals into A&D.

Rocket Companies (NYSE: RKT) announced a definitive all‑stock agreement to acquire Mr. Cooper Group Inc. and bring together Rocket's origination capabilities with Mr. Cooper's servicing platform to create an end‑to‑end homeownership platform. The deal was announced as an all‑stock transaction with $9.4 billion in equity value and later reported closed as a $14.2 billion acquisition; the combination is expected to drive significant recapture, data/AI synergies and roughly $500 million of annual run‑rate revenue and cost benefits.

Wealth Enhancement has acquired XO Wealth Management, an independent RIA based in Dallas, Texas, whose team of three advisors and three support staff manages over $516 million in client assets. The deal expands Wealth Enhancement's footprint in Texas to 11 locations and increases the firm's total client assets to more than $107.5 billion.

University Credit Union (UCU) and Abilene Christian University Credit Union (ACU Credit Union) have merged, with the transaction approved December 18, 2024 and ratified February 1, 2025. Core banking system conversions were completed March 2, 2025, and the combination expands UCU’s presence in Texas while giving ACU members access to UCU’s digital banking, broader ATM/branch network, and enhanced financial products.

Union Home Mortgage (UHM) has acquired Nations Reliable Lending (NRL Mortgage), a Houston-based residential mortgage originator. The deal expands UHM’s footprint in Texas and Southwest Ohio and adds NRL’s $1.091 billion of 2024 lending volume to UHM’s platform.

Mission Wealth has merged with Houston-based Logic Capital Management, bringing Logic’s founder Toby Whitby and key advisors into Mission Wealth as equity partners. The deal expands Mission Wealth’s presence in Houston, adds roughly $400M of assets under management to the platform, and raises Mission Wealth’s total AUM to over $10.6 billion.

Gibraltar Capital Management, a Tulsa-based Registered Investment Advisor, has acquired Dallas-based Miller Equity Capital Advisors, founded by Mark Miller. The deal expands Gibraltar’s advisory network and capabilities—bringing the firm above $1 billion in assets under management and extending its reach across North Texas, Oklahoma, Arkansas and Colorado.

CAPTRUST Financial Advisors announced that Wealth Covenant Group (WCG), a Houston-based wealth advisory firm, has joined CAPTRUST and will adopt the CAPTRUST brand. WCG brings three employees and approximately $300 million in client assets, expanding CAPTRUST's presence in the Houston/Texas market.

VisionPoint Advisory Group and Navitas Wealth Advisors have merged to form Balefire, an SEC-registered wealth management firm overseeing approximately $3.7 billion in combined AUM. The new Dallas-based entity unites over 60 professionals to offer integrated wealth management, strategic tax planning, and corporate solutions, positioning the platform for accelerated organic and M&A-driven growth.

Chimera Investment Corporation completed the acquisition of Palisades Group, a U.S.-based alternative asset manager specializing in residential real estate credit, on December 2, 2024. Chimera paid $30 million in cash at closing with an additional earnout of up to $20 million contingent on performance; Palisades' co-founder Jack Macdowell Jr. joined Chimera as Chief Investment Officer.

MidFirst Bank completed the acquisition of the Houston, Texas banking locations of Amerant Bank, N.A., adding six branch locations and 45 employees. The acquired Amerant Houston locations transitioned to MidFirst Bank and reopened as MidFirst branches on November 12 as part of MidFirst's Texas expansion.

Northrim BanCorp, Inc. completed an all-cash acquisition of Sallyport Commercial Finance, LLC on October 31, 2024 for approximately $53.9 million. Sallyport — a Houston/Sugar Land-based specialty finance firm focused on factoring, asset-based lending and alternative working capital for SMEs — will operate as a wholly-owned subsidiary and its executive management will remain in place; Northrim expects the deal to be ~15% earnings accretive to 2025 results.

Funds managed by Lovell Minnick Partners have made a strategic minority investment in Americana Partners, an independent wealth management firm headquartered in Houston. The deal makes LMP the first outside institutional investor while Americana's founders and management remain significant owners; the capital will be used to support geographic expansion, advisor recruitment and strategic initiatives.

The Retirement Planning Group (TRPG), Cetera’s employee-based RIA, has acquired Parrott Wealth Management, a three-person Austin-based advisory firm led by William Parrott that manages roughly $185–$185 million in assets. The team of three and approximately 200 clients will join TRPG, increasing TRPG’s assets under management and marking its fourth acquisition since being acquired by Cetera in 2023.

True North Advisors, a Dallas-based registered investment adviser with $3.9 billion AUM, has acquired Clear Rock Advisors, a Texas wealth management firm managing approximately $470 million in AUM with offices in Dallas, Austin and Kerrville. The acquisition — True North’s first since entering a strategic growth partnership with Wealth Partners Capital Group and HGGC’s Aspire platform — expands True North’s presence in the Texas market and adds Clear Rock’s private-investor-focused client base.

Inspira Financial has been appointed successor custodian for Quest Trust Company's self-directed IRA (SDIRA) business, acquiring approximately 20,000 SDIRAs representing more than $3 billion in assets under custody. The deal expands Inspira's SDIRA and alternative-asset custody capabilities and aims to improve the accountholder experience for Quest clients.

Consolidated Analytics has acquired the assets of Investor Claim Solutions (ICS) in an asset-based transaction that expands CA’s investor claims and loss analysis recovery capabilities. The acquisition strengthens Consolidated Analytics’ mortgage services and analytics offering and aims to enhance service delivery to mortgage servicers, investors, and financial institutions.

Summer PBC, a student-loan benefits startup, acquired certain assets, intellectual property and select client contracts from Vault Student Loan Benefits (formerly Student Loan Genius). The deal brings Vault’s team and technology into Summer to expand its employer-focused student loan repayment, college savings and financial-wellness offerings.

Texas Regional Bank (via Texas State Bankshares, Inc.) completed its acquisition of Dallas-based Estrada Hinojosa & Company, Inc. on August 2, 2024. Estrada Hinojosa will operate under TRB Capital Markets, LLC (using the assumed name "Estrada Hinojosa"), adding over 50 professionals and expanding TRB's municipal advisory, underwriting, and bond trading capabilities.

The Hilb Group, a Carlyle-backed property & casualty and employee benefits brokerage headquartered in Richmond, Virginia, acquired a Texas-based property and casualty agency effective August 1, 2024. The acquisition expands Hilb Group's presence in its Central region; the target was not named in the announcement and financial terms were not disclosed.