Huntington Bancshares completed its acquisition of Cadence Bank with effect from 1 February 2026, finalising a $7.4 billion all-stock transaction that establishes the combined institution among the ten largest US banks by assets. The deal adds Cadence's commercial banking relationships in Texas and Mississippi to Huntington's existing Midwest franchise. The closing was confirmed in a press release issued by Huntington on 2 February 2026.
SOUTHERN FRANCHISE
Cadence Bank provides community and commercial banking across the Southern United States, particularly in Texas and Mississippi.
Huntington said it would quickly deploy the full Huntington franchise into its new markets, and that it intends to keep Cadence's 390 branches with no closures. The combined company has about $279 billion in assets, $221 billion in deposits and $187 billion in loans, and Huntington is now the eighth-largest bank in Texas and the largest in Mississippi by deposit market share.
The Office of the Comptroller of the Currency approved the merger in December 2025, the last regulatory approval required.
SAME-DAY CLOSINGS
The 1 February 2026 completion date coincided with the closing of Fifth Third Bancorp's acquisition of Comerica.