---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-001549"
form_type: "8-K"
ticker: "NBHC"
cik: "0001475841"
company_name: "National Bank Holdings Corp"
filed_at: "2026-01-07T23:59:59+00:00"
generated_at: "2026-05-16T11:20:35.622704+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# NBHC completes Vista Bancshares acquisition for ~$377M; adds $12.6B assets

## Summary
- Each Vista share converted to 3.1161 NBHC shares + $31.62 cash; total consideration ~$377.4M.
- Vista shareholders receive ~$84.8M cash and will own ~16% of NBHC fully diluted.
- Pro forma assets ~$12.6B, deposits ~$10.7B; systems integration targeted for Q3 2026.
- Board expanded to 10; Kirk McLaughlin (former Vista director) appointed to Compensation and Audit Committees.
- CEO Tim Laney granted 377,724 restricted shares; President Birkans granted 189,825; one-third performance-based.

## SEC filing metadata
- accession: 0001104659-26-001549
- form_type: 8-K
- ticker: NBHC
- cik: 0001475841
- company_name: National Bank Holdings Corp
- filed_at: 2026-01-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1475841/000110465926001549/0001104659-26-001549-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1475841/000110465926001549/tm261761d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-001549
- JSON: https://secwatch.observer/filing/0001104659-26-001549.json
- Plain text: https://secwatch.observer/filing/0001104659-26-001549.txt

## Source-grounded claims
- claim_id: 182c16c6926ad03067ba5d7ce2964fafd8a2033c
  claim: National Bank Holdings Corp completed an acquisition involving Vista Bancshares, Inc. for approximately $377.4 million (closed 2026-01-07).
  evidence_excerpt: shareholders will own approximately 16% of NBHC shares on a fully diluted basis. The total transaction value, based on NBHC’s January 6, 2026 closing price, is approximately $377.4 million. Keefe, Bruyette & Woods, A Stifel Company , served as financial advisor and Wachtell, Lipton, Rosen & Katz served as legal counsel to NBHC. Jefferies LLC served as exclusive
  evidence_url: https://www.sec.gov/Archives/edgar/data/1475841/000110465926001549/0001104659-26-001549-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.