SPFI receives all regulatory and shareholder approvals; BOH merger to close April 1

SOUTH PLAINS FINANCIAL, INC.

BOH shareholders voted to approve merger with SPFI on March 20, 2026.
Regulatory approvals received from Federal Reserve, FDIC, and Texas Dept. of Banking.
Merger expected to close on April 1, 2026, subject to customary closing conditions.
Bank of Houston will subsequently merge into City Bank, a SPFI subsidiary.

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