MidFirst Bank announced it has entered into a definitive agreement to acquire Dallas Capital Bank, a privately owned commercial bank with $1.2 billion in assets.
This proposed combination will bring Dallas Capital Bank’s team and client relationships into MidFirst’s growing banking franchise. And Dallas Capital Bank clients are expected to continue working with the same relationship-focused team while gaining access to MidFirst’s broader scale, resources, and product capabilities.
Dallas Capital Bank serves entrepreneurs, business owners, and professionals in the Dallas market. The company has built a strong local presence under a management team with deep North Texas ties and has been recognized by Newsweek as one of America’s Best Regional Banks in each of the past two years.
The deal also expands MidFirst’s presence in Texas, where it already operates banking locations in Dallas, San Antonio, and Houston. In 2024, MidFirst completed the acquisition of Amerant Bank’s Houston banking locations, adding six locations and a commercial, business, and private banking team in the market. MidFirst also opened a new River Oaks banking center in 2025.
Based in Oklahoma City, MidFirst Bank has over $42 billion in assets and is the largest privately owned bank in the United States. The bank operates locations across Arizona, California, Colorado, Nevada, Oklahoma, Texas, and Utah, while also providing commercial lending, wealth management, private banking, and mortgage servicing nationwide.
The transaction is subject to customary closing conditions, including regulatory approval, and is expected to close in the second half of 2026.
Support: BofA Securities served as financial adviser and Fenimore Kay Harrison LLP provided legal counsel to MidFirst Bank. Raymond James & Associates served as financial adviser and Hunton Andrews Kurth LLP provided legal counsel to Dallas Capital Bank.
KEY QUOTES:
“Dallas is one of the most dynamic banking markets in the country, and Dallas Capital Bank has built exactly the kind of relationship-focused culture that defines the MidFirst experience. Dallas Capital Bank’s team is recognized for delivering exceptional personalized service, and by bringing our organizations together, we will be able to serve the Dallas market in an even greater way.”
Todd Dobson, CEO of MidFirst Bank
“MidFirst and Dallas Capital Bank share a fundamental belief that clients deserve a banking partner who knows them, responds quickly, and makes decisions locally. We have spent over a decade building that kind of bank here in Dallas. Joining MidFirst means our clients will continue to receive that same personalized approach, now with the full resources and scale of the nation’s largest privately owned bank behind them.”
Doug Hutt, Chairman and CEO of Dallas Capital Bank
“This partnership with MidFirst prioritizes our people and our clients. Our team has decades of commercial and private banking experience in Dallas. We work hard to earn the trust of our clients, and our bankers will now be able to offer a broader suite of products and capabilities while still providing the same exceptional level of service our clients have come to expect from us.”
Jason Matthews, President and Chief Banking Officer of Dallas Capital Bank
“We have invested in Texas for many years, and this transaction is an important step in deepening our commitment to the state. Dallas Capital Bank’s leadership has built an outstanding bank over the past decade, and we are proud to welcome their team and clients to MidFirst.”
G. Jeffrey Records, Jr., Chairman of the Board of MidFirst Bank
