MidFirst Bank, the largest privately owned bank in the US, has reached a final agreement to purchase Dallas Capital Bank, thereby solidifying its presence in one of the quickest-developing financial markets in the US. This deal is anticipated to improve the banking services of Dallas Capital Bank clients by merging the institution’s relationship-focused style with MidFirst’s larger resources, wider product options, and operational scale.
In addition, this acquisition aims to generate new opportunities for the staff, while maintaining the personalized client service model that has really helped in Dallas Capital Bank’s growth and fame.
“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,” said Todd Dobson, CEO of MidFirst Bank. “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.”
Strengthening a Relationship-Driven Banking Model
With approximately $1.2 billion in assets, Dallas Capital Bank has established itself as a trusted financial partner for entrepreneurs, business owners, and professionals across the Dallas region. The institution has grown steadily under a leadership team deeply connected to the North Texas market, attracting experienced banking professionals from both regional and national financial institutions.
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The bank’s commitment to personalized service has earned industry recognition, including being named one of America’s Best Regional Banks by Newsweek for two consecutive years.
“MidFirst and Dallas Capital Bank share a fundamental belief that clients deserve a banking partner who knows them, responds quickly, and makes decisions locally,” said Doug Hutt, Chairman and CEO of Dallas Capital Bank. “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.”
The combined organization aims to maintain the local decision-making and client-focused service that Dallas Capital Bank customers value while providing access to a broader range of banking solutions and financial capabilities.
“This partnership with MidFirst prioritizes our people and our clients,” said Jason Matthews, President and Chief Banking Officer of Dallas Capital Bank. “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.”
Expanding MidFirst’s Texas Growth Strategy
The acquisition represents another milestone in MidFirst Bank’s long-term growth strategy across Texas. The bank currently operates in major markets including Dallas, Houston, and San Antonio, and has continued investing in the state through strategic expansion initiatives.
In 2024, MidFirst completed the acquisition of Amerant Bank’s Houston banking locations, adding six branches and strengthening its commercial, business, and private banking capabilities in the region. The bank further expanded its Houston presence with the opening of a new River Oaks banking center in 2025.
By adding Dallas Capital Bank’s established commercial banking franchise, MidFirst is positioning itself to deepen its reach in the Dallas-Fort Worth area while enhancing its ability to serve businesses and individuals throughout Texas.
“We have invested in Texas for many years, and this transaction is an important step in deepening our commitment to the state,” added G. Jeffrey Records, Jr., Chairman of the Board of MidFirst Bank. “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.”
Transaction Details
The acquisition remains subject to customary closing conditions, including required regulatory approvals. Both organizations anticipate completing the transaction during the second half of 2026.
BofA Securities served as financial adviser to MidFirst Bank, with legal counsel provided by Fenimore Kay Harrison LLP. Dallas Capital Bank was advised financially by Raymond James & Associates, Inc., while Hunton Andrews Kurth LLP acted as its legal counsel.
Once finalized, the transaction is expected to strengthen MidFirst Bank’s presence in Texas while preserving the local expertise and relationship-focused service that have fueled Dallas Capital Bank’s success.
