National Bank Holdings agrees to merge with Vista Bancshares for $31.62 cash per share plus stock
National Bank Holdings Corporation (NBHC) signed a merger agreement on September 15, 2025, under which Vista Bancshares, Inc. will merge into NBHC, and Vista's bank subsidiary will merge into NBH Bank. Each Vista common share would convert into $31.62 in cash and 3.1161 shares of NBHC common stock, and the boards of both companies unanimously approved the deal. The filing does not state the total deal value or a closing date, and the transaction remains subject to conditions and regulatory approvals.
Key points
- Merger agreement dated September 15, 2025, among NBHC, Vista Bancshares, Inc. and Vista's shareholders' representative Bryan Wick
- Each Vista common share converts into $31.62 in cash plus 3.1161 shares of NBHC common stock
- If an NYSE shareholder vote would be required to issue the NBHC shares, the cash amount rises and the exchange ratio falls to avoid that vote
- Vista Bank will merge into NBH Bank immediately after the holding company merger
The filing
Written by AI on Nov 8, 2026, 6:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 18, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.