Huntington Bancshares to Acquire Cadence Bank in $7.4B Deal

Huntington Bank, a large bank, is buying Cadence Bank in a deal worth billions of dollars.

Huntington will give its own company shares to Cadence shareholders.

This will create a bigger bank with more resources, expanding into the Southern United States.

This expansion will let Huntington reach more customers in areas like Texas.

The deal is expected to be finalized in early 2026, creating a stronger bank that aims to compete with larger competitors.