Oklahoma City-based MidFirst Bank will purchase Texas-based Dallas Capital Bank for an undisclosed sum, the banks announced Wednesday.
The deal, expected to close in the second half of this year, would bring $1.2 billion-asset Dallas Capital into $42 billion-asset MidFirst, and would accelerate the Oklahoma lender’s expansion into Texas.
MidFirst entered the Dallas market nearly a decade ago. Its Texas expansion is multipronged: MidFirst acquired six Houston-area locations of Florida-based Amerant Bank in 2024.
“We have invested in Texas for many years, and this transaction is an important step in deepening our commitment to the state,” MidFirst Chairman G. Jeffrey Records Jr. said in a prepared statement. “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.”
Texas and Oklahoma have been a hotbed of banking mergers and acquisitions over the past few weeks. Oklahoma City-based BancFirst agreed last week to acquire SpiritBank in a deal that would ramp up its Tulsa-area presence.
Roughly two weeks earlier, Canadian lender Scotiabank agreed to buy MapleMark Bank, which counts a substantial footprint in both Dallas and Tulsa.
Dallas Capital serves Dallas-area entrepreneurs and business owners, with a focus on the middle market. Joining MidFirst will open Dallas Capital’s clients up to more resources, CEO Doug Hutt said in a press release.
MidFirst, the largest privately owned bank in the nation, operates in Arizona, California, Colorado, Nevada, Oklahoma, Texas and Utah.
“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,” MidFirst CEO Todd Dobson said in a prepared statement. “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.”
The Dallas-Fort Worth metro area grew by about 1 million people from 2017 to 2025, according to Federal Reserve economic data. It’s also the second-largest financial services hub in the U.S., after New York City, based on workforce size, according to Axios.
The MidFirst-Dallas Capital transaction is subject to customary closing conditions, including regulatory approval.
