Huntington Bancshares and Cadence Bank has secured approval from shareholders for their proposed merger.
Votes were cast at separate special meetings, with Cadence shareholders backing its merger into The Huntington National Bank and Huntington shareholders endorsing the share issuance necessary for the transaction.
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As outlined in the agreement announced in October 2025, Huntington Bancshares will acquire Cadence Bank, which currently reports $53bn in assets.
The deal, valued at $7.4bn, is expected to be finalised on 1 February 2026, provided that all outstanding closing conditions detailed in the merger agreement are resolved or waived.
The deal stipulates that Cadence shareholders will receive 2.475 shares of Huntington’s common stock for each Cadence share.
Huntington Bancshares president, chairman and CEO Steve Steinour said: “Today’s shareholder approval is an important milestone in our journey toward combining Huntington and Cadence.
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By GlobalData“I am pleased our respective shareholders overwhelmingly support this combination, which will enable us to help more people and businesses across a broader footprint, while providing a compelling opportunity to grow shareholder value. I am grateful to Dan Rollins and the Cadence team for their partnership, and I look forward to welcoming Cadence colleagues, customers and shareholders when the transaction is complete.”
Plans indicate that Cadence’s branches will adopt the Huntington name in the second quarter of 2026, following integration activities post-merger.
Cadence Bank CEO and chairman James D. “Dan” Rollins III stated: “We are one step closer to a partnership that will bring an expanded set of capabilities and industry expertise to Cadence’s customers.
“Today’s shareholder approvals reflect our mutual philosophy around relationship-first, community-based banking, and the shared value and opportunities that this combination can create.”
