Is there a way to overlay the Zeta Beta Tau with Phi Delta Theta so the font/style stays the same?

I need help overlaying the red-ish text in this photo to change it from saying Zeta Beta Tau to Phi Delta Theta, and so the new text stays in the same style/font.

By @Ty34925669v1i6

If it is actually text as you say it is, then double-click the Type layer and edit the text.

If it is pixels and not text, and all on one layer, then there is no typeface involved. There are only pixels. You would need to remove the red pixels, recreate where the black pixels used to be, then type and format the new text.

Have you asked Zeta Beta Tau if they have a layered copy of the file and have you gotten permission to reuse their design for your own purposes?

Zeta Beta Tau (ΖΒΤ) is a Greek-letter social fraternity based in North America. It was founded on December 29, 1898. Originally a Zionist youth society, its purpose changed from the Zionism of the fraternity's early years when, in 1954, the fraternity became non-sectarian and open to non-Jewish members, changing its membership policy to include "All Men of Good Character".

Phi Delta Theta (ΦΔΘ), commonly known as Phi Delt, is an international secret and social fraternity founded at Miami University in 1848 and headquartered in Oxford, Ohio.

Jane