South Plains Financial, Inc. (SPFI) completed its merger with BOH Holdings, Inc. (BOH) effective April 1, 2026. BOH's wholly-owned subsidiary, Bank of Houston, simultaneously merged into SPFI's wholly-owned subsidiary, City Bank. The acquisition involved the conversion of each BOH common stock share into 0.1925 shares of SPFI common stock, plus cash in lieu of any fractional shares. Approximately 2.8 million shares of SPFI common stock were delivered as total aggregate consideration to BOH shareholders. The SPFI Board of Directors increased from six to seven members, appointing Mr. James D. Stein as a Class II director until the 2027 annual meeting of shareholders. Mr. Stein was also appointed to the City Bank Board as a Class III director until the 2028 annual meeting of shareholders and to City Bank's Credit Risk Committee. Mr. Stein entered into an employment agreement with City Bank to serve as Houston Market President BOH for a two-year term, with an annual base salary of not less than $350,000 and a performance-based annual bonus target of 23.33% (maximum 35%) of his base salary. As of December 31, 2025, BOH reported total assets of $744 million, total loans of $624 million, and total deposits of $603 million.