MidFirst Bank to Acquire Dallas Capital Bank, Accelerating Growth

MidFirst Bank (“MidFirst”), the largest privately owned bank in the nation, announced it has entered into a definitive agreement to acquire Dallas Capital Bank. Through this agreement, Dallas Capital Bank clients will benefit from the same trusted relationships and high level of service they know today, enhanced by MidFirst’s additional scale, resources and product capabilities, while employees will join an organization that values their expertise and commitment to client relationships.

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“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.”

A Proven Team with Deep Dallas Roots

Dallas Capital Bank, with $1.2 billion in assets, provides Dallas entrepreneurs, business owners and professionals with elevated banking service. Since its founding, the bank has grown under the leadership of a management team with strong local ties, attracting top-tier talent from regional and national banks across the North Texas market. The bank has been recognized by Newsweek as one of America’s Best Regional Banks in each of the past two 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.”

“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.”

Continued Growth Across Texas

The proposed acquisition of Dallas Capital Bank builds on MidFirst’s expanding Texas footprint, which already includes banking locations in Dallas, San Antonio and Houston. In 2024, MidFirst completed the acquisition of the Houston banking locations of Amerant Bank, adding six locations and a team of proven bankers serving commercial, business and private banking clients across the Houston market. Since completing that transaction, MidFirst has continued to invest in Houston, including opening a new River Oaks banking center in 2025. The Dallas Capital Bank partnership represents MidFirst’s next major step in Texas, adding a premier commercial banking franchise to its existing successful operations in one of the nation’s highest-growth metropolitan markets.

“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.”

The transaction is subject to customary closing conditions, including regulatory approval, and is expected to close in the second half of 2026.

BofA Securities served as financial adviser and Fenimore Kay Harrison LLP provided legal counsel to MidFirst Bank. Raymond James & Associates, Inc. served as financial adviser and Hunton Andrews Kurth LLP provided legal counsel to Dallas Capital Bank.

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