HUNTINGTON BANK COMPLETES MERGER WITH CADENCE BANK
Huntington Bank has completed a merger agreement announced in October with Cadence Bank.
Huntington issued a press release and a notice today (Monday) to customers of Cadence Bank, who last year completed its own merger with Industry Bancshares, the holding company for Bank of Brenham and several other area banks.
Huntington Chairman, President and CEO Steve Steinour said the 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.”
According to the release, the addition of Cadence’s 390 branches will increase Huntington’s branch network to nearly 1,400 locations across 21 states. The release stated that Huntington intends to maintain and grow Cadence’s branch network, with no branch closures.
Cadence Bank Chairman and CEO Dan Rollins has joined Huntington as non-executive Vice Chairman of the Board of Directors of Huntington Bancshares, as well as a director of Huntington Bancshares and The Huntington National Bank.
Cadence customers can continue banking as normal at their current branches, and they will receive information about the pending conversion of accounts in the coming weeks. Customer accounts are expected to convert to Huntington’s systems in mid-2026.
As of December 31st, the combined company reported $279 billion in assets, $221 billion in deposits and $187 billion in loans.