10.27.25

Huntington Bancshares Buying Cadence Bank in $7.4 Billion Deal

by: Michelle Chapman

Huntington Bancshares is acquiring Cadence Bank in a $7.4 billion all-stock deal to expand its presence in the South. Cadence operates over 390 branches across nine states, while Huntington has more than 1,000 branches in 14 states. The merger will make Huntington the largest bank in Mississippi and a top 10 bank in Alabama and Arkansas, while providing access to high-growth markets like Houston, Dallas, Atlanta and Orlando. Huntington will retain all Cadence branches under the Huntington brand, while Cadence CEO James Rollins III will join Huntington’s board. The deal is expected to close in the first quarter of 2026, pending shareholder approval.

Read the full article on The Associated Press