Oklahoma City-based MidFirst Bank, the largest privately owned bank in the United States with over $42 billion in assets, has agreed to acquire Dallas Capital Bank. The deal, terms of which were not disclosed, adds a premier commercial banking franchise to MidFirst’s growing Texas operations and is expected to close in the second half of 2026.
Strategic Logic for Both Sides
Dallas Capital Bank, with $1.2 billion in assets, has built a reputation for “elevated banking service” serving local entrepreneurs, business owners, and professionals since its founding in 2015. The bank was recognized by Newsweek as one of America’s Best Regional Banks in each of the past two years. Chairman and CEO Doug Hutt said the two banks “share a fundamental belief that clients deserve a banking partner who knows them, responds quickly, and makes decisions locally,” as reported by Dallas Innovates.
MidFirst CEO Todd Dobson called Dallas “one of the most dynamic banking markets in the country” and emphasized the cultural alignment between the two institutions’ relationship-focused approaches.
MidFirst’s Texas Expansion Continues
The acquisition builds on MidFirst’s accelerating Texas strategy. In 2024, the bank acquired the Houston banking locations of Amerant Bank, adding six locations and a commercial banking team. Since then, MidFirst has continued investing in Houston, including a new River Oaks banking center opened in 2025. The Dallas Capital Bank deal adds a North Texas anchor to complement the Houston operations.
The Dallas-Fort Worth banking market has been one of the most active in the country for M&A activity, driven by the region’s population growth and expanding business base. Several regional and community banks have been acquired or merged in recent years as institutions seek scale to compete with national players. MidFirst’s acquisition of Dallas Capital Bank positions it as a more formidable competitor in commercial lending and private banking in North Texas. Industry observers note that the deal also reflects a broader trend of privately held banks — insulated from the short-term earnings pressures of public markets — pursuing aggressive expansion strategies when market dislocations create opportunities.
G. Jeffrey Records, Jr., chairman of MidFirst Bank, said the transaction is “an important step in deepening our commitment to the state.” Dallas Capital Bank clients will continue with their existing relationships while gaining access to MidFirst’s broader product capabilities. BofA Securities is advising MidFirst; Raymond James is advising Dallas Capital Bank.
