Huntington Bancshares closed on its merger with Cadence Bank, a regional bank headquartered in Houston and Tupelo, Miss.
This acquisition accelerates Huntington’s growth initiatives across Texas and the South. It brings immediate scale for Huntington in Texas and Mississippi, where Huntington is now the eighth-largest bank in Texas and the number one bank in Mississippi by deposit market share.
“We’re thrilled to welcome our new colleagues and customers from Cadence to Huntington,” Steve Steinour, chairman, president and CEO of Huntington, said. “This partnership marks a significant milestone for Huntington and will serve as a springboard for growth across a number of high-growth markets across Texas and the South. I’m incredibly grateful to Dan Rollins and the Cadence team for their collaboration and commitment to this next era of our combined organization.”
The combined company has approximately $279 billion in assets, $221 billion in deposits and $187 billion in loans. With Cadence’s 390 branches across Texas and the South, Huntington’s branch network will grow to nearly 1,400 locations across 21 states – from the Midwest to the South to Texas.
Huntington intends to maintain Cadence’s branch network—with no branch closures. Further, the company plans to invest in it to grow it over time.
“Today is a historic milestone for Cadence and Huntington as we officially unite to forge a top-ten bank nationally with a shared mission to deliver the same relationship-first, community-based approach that our legacies are built on,” Rollins said. “Our customers will benefit from Huntington’s expanded capabilities and award-winning digital tools. I’m incredibly proud of our teams who made this possible and energized for what’s ahead.”
Huntington’s Board of Directors appointed three new directors, all former directors of Cadence Bank. They include Rollins III, chairman and CEO of Cadence Bank; Virginia Hepner, retired President and CEO of The Woodruff Arts Center; and Alice Rodriguez, co-owner of Kendall Milagro and retired JPMorgan Chase executive.
“Huntington is privileged to add these three directors to our Board,” Steinour said. “Their unique skillsets and impressive experience will be great complements to our deeply engaged group of directors, who are collectively committed to serving us with a shared vision and shared values in support of all our stakeholders.”
Cadence customers will continue to bank as normal at their existing branches, and customer accounts are expected to be converted to Huntington’s systems in mid-2026.
Huntington Bancshares is headquartered in Columbus, Ohio.