Huntington Bancshares Inc., the parent company of Columbus, Ohio-based The Huntington National Bank, has entered into a definitive agreement to acquire Cadence Bank, a $53 billion regional bank headquartered in Houston and Tupelo, Mississippi. Cadence Bank operates more than 390 locations across Texas and the South. The partnership, in conjunction with the recently closed acquisition of Dallas-based Veritex Community Bank, will give Huntington the fifth deposit market share in Dallas, the fifth deposit market share in Houston and the eighth deposit market share across the state of Texas. Upon closing, Huntington will also become the number one bank in Mississippi and a top 10 bank in both Alabama and Arkansas by deposits.
The transaction is expected to close in the first quarter of 2026. Upon conversion, which is expected in the second quarter of 2026, Cadence Bank teams and branches will operate under the Huntington Bank name and brand. The partnership will give Huntington a foothold in high-growth markets—including Houston, Dallas, Fort Worth, Austin, Atlanta, Nashville, Orlando and Tampa. Upon completion, Huntington will have a strategic presence in 12 of the top 25 metropolitan statistical areas (MSAs) in the country, including six of the top 10 fastest-growing MSAs.
One of the largest regional banks in its footprint, Cadence operates branches across Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Missouri, Tennessee and Texas. Huntington intends to maintain Cadence’s broad branch network—with no branch closures—and invest to grow.
“We’ve been delivering for our customers and communities for 150 years, and partnering with Huntington will help us do even more to support those we serve,” says James D. “Dan” Rollins III, chairman and CEO of Cadence Bank. “This is a defining moment for Cadence Bank and we’re confident this alignment will create lasting value across our footprint and beyond.”
Upon closing of the transaction, Rollins will join Huntington as non-executive vice chairman of the board of directors of Huntington Bancshares Inc., as well as a director of Huntington Bancshares Inc. and The Huntington National Bank. Huntington Bancshares will be inviting two additional members from Cadence to join its board.
Huntington Bancshares Inc. is a $223 billion asset regional bank holding company. Established in 1866, The Huntington National Bank operates more than 1,000 branches in 14 states, with certain businesses operating in extended geographies.
