Shareholders approve $7.4bn Huntington-Cadence merger

Huntington Bancshares and Cadence Bank has secured support from shareholders for their projected merger.

Votes were formed astatine abstracted peculiar meetings, with Cadence shareholders backing its merger into The Huntington National Bank and Huntington shareholders endorsing the stock issuance indispensable for the transaction.

As outlined successful the statement announced successful October 2025, Huntington Bancshares volition get Cadence Bank, which presently reports $53bn successful assets.

The deal, valued astatine $7.4bn, is expected to beryllium finalised connected 1 February 2026, provided that each outstanding closing conditions elaborate successful the merger statement are resolved oregon waived.

The woody stipulates that Cadence shareholders volition person 2.475 shares of Huntington’s communal banal for each Cadence share.

Huntington Bancshares president, president and CEO Steve Steinour said: "Today's shareholder support is an important milestone successful our travel toward combining Huntington and Cadence.

"I americium pleased our respective shareholders overwhelmingly enactment this combination, which volition alteration america to assistance much radical and businesses crossed a broader footprint, portion providing a compelling accidental to turn shareholder value. I americium grateful to Dan Rollins and the Cadence squad for their partnership, and I look guardant to welcoming Cadence colleagues, customers and shareholders erstwhile the transaction is complete."

Plans bespeak that Cadence’s branches volition follow the Huntington sanction successful the 2nd 4th of 2026, pursuing integration activities post-merger.

Cadence Bank CEO and president James D. "Dan" Rollins III stated: "We are 1 measurement person to a concern that volition bring an expanded acceptable of capabilities and manufacture expertise to Cadence's customers.

"Today's shareholder approvals bespeak our communal doctrine astir relationship-first, community-based banking, and the shared worth and opportunities that this operation tin create."

"Shareholders o.k. $7.4bn Huntington-Cadence merger " was primitively created and published by Retail Banker International, a GlobalData owned brand.

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