secwatch.observer — SEC 8-K summary
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Issuer:     SOUTH PLAINS FINANCIAL, INC. (SPFI)
CIK:        0001163668
Form:       8-K
Filed at:   2026-04-01T23:59:59+00:00
Accession:  0001140361-26-012794
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPFI closes BOH Holdings merger; issues ~2.8M shares; BOH had $744M assets
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- Deal closed April 1, 2026; each BOH share converted to 0.1925 SPFI shares; total ~2.8M SPFI shares issued.
- BOH had $744M assets, $624M loans, $603M deposits as of Dec 31, 2025.
- James D. Stein appointed to SPFI board and as City Bank Houston Market President; base salary $350K, bonus target 23.33%.
- Raymond James & Associates advised SPFI; Hillworth Bank Partners advised BOH.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163668/000114036126012794/0001140361-26-012794-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163668/000114036126012794/ef20069677_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-012794

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