Press release
Huntington Bancshares Incorporated to Acquire Cadence Bank
Establishes strategic presence across the South with immediate scale in Texas and Mississippi Creates a platform for further organic investment through
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[{"type":"text","content":"\n \n Establishes strategic presence across the South with immediate scale in Texas and Mississippi\n \n \n Creates a platform for further organic investment through presence in high-growth markets, including Houston, Dallas, Fort Worth, Austin, Atlanta, Nashville, Orlando and Tampa\n \n \n Creates top 10 bank with assets of $276 billion and deposits of $220 billion\n \n \n \n COLUMBUS, Ohio and HOUSTON and TUPELO, Miss., Oct. 27, 2025 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) today announced it has entered into a definitive agreement to acquire Cadence Bank, a $53 billion regional bank headquartered in Houston, Texas and Tupelo, Mississippi.\n \n \n \n \n \n \n \n With more than 390 locations across Texas and the South, the addition of Cadence marks a significant milestone in Huntington's strategic growth. The partnership, in conjunction with the recently closed acquisition of Veritex Community Bank, will give Huntington the fifth deposit market share in Dallas, the fifth deposit market share in Houston, and the eighth deposit market share across the state of Texas. Upon close, Huntington will also become the number one bank in Mississippi and a top ten bank in both Alabama and Arkansas by deposits.\n The partnership will give Huntington a foothold in high-growth markets—including Houston, Dallas, Fort Worth, Austin, Atlanta, Nashville, Orlando and Tampa—and create a powerful platform for further organic growth and investment. Upon completion, Huntington will have a strategic presence in 12 of the top 25 metropolitan statistical areas (MSAs) in the country, including six of the top 10 fastest growing MSAs.\n \"This is an important next phase of growth for Huntington,\" said Steve Steinour, Chairman, President and CEO of Huntington Bancshares. \"This partnership will extend the reach of our full franchise to 21 states—stretching from the Midwest to the South to Texas—and into new, high-growth markets for which we have a powerful playbook. Today's announcement represents a significant step on our journey to be the leading people-first, customer-centered bank in the country.\"\n One of the largest regional banks in its footprint, Cadence operates branches across Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Missouri, Tennessee, and Texas. Huntington intends to maintain Cadence's broad branch ...