Banking Recap

SOUTH PLAINS FINANCIAL, INC. Announces Acquisition

This transaction is a bank holding company merger in which South Plains Financial, Inc. (ticker SPFI), a company in the financial institutions group (FIG) sector, is the acquirer of BOH Holdings, Inc., the target. The deal is classified under the M&A product group, and the disclosed deal value is not stated in the source document.

Apr 1, 2026·SEC EDGAR (8-K)·pending regulatory·bank holding company merger

The facts block is sourced from a single SEC filing: an 8-K filed with SEC EDGAR and published on April 1, 2026. The deal's current status is pending regulatory approval.

On the financial advisory side, Raymond James & Associates, Inc. served as financial advisor to South Plains, the acquirer, rendering a fairness opinion to its board of directors, and is designated as lead advisor. On the target side, Hillworth Bank Partners served as financial advisor to BOH, likewise rendering a fairness opinion to its board of directors, and is also designated as lead advisor.

Legal counsel was also disclosed for both sides. Hunton Andrews Kurth LLP served as South Plains' (the acquirer's) legal advisor. Fenimore Kay Harrison LLP served as BOH's (the target's) legal advisor.

Beyond the characterization of the deal as a bank holding company merger, the facts block does not disclose further detail on consideration structure, such as whether the merger consideration is cash, stock, or a combination.

Several facts are not disclosed in the source material. The overall deal value is not stated. The facts block does not specify the consideration structure (cash, stock, or mixed) for BOH shareholders, nor does it give an expected closing date.