Huntington Bancshares Incorporated and Cadence Bank jointly announced that Cadence’s shareholders have approved the proposed merger of Cadence into The Huntington National Bank and that Huntington’s shareholders have approved the issuance of shares of Huntington’s common stock in connection with the proposed merger at their respective special shareholder meetings held today.
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“Today’s shareholder approval is an important milestone in our journey toward combining Huntington and Cadence,” said Steve Steinour, Chairman, President and CEO of Huntington Bancshares. “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.”
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“We are one step closer to a partnership that will bring an expanded set of capabilities and industry expertise to Cadence’s customers,” said James D. “Dan” Rollins III, Chairman and Chief Executive Officer of Cadence Bank. “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.”
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The transaction is expected to close on February 1, 2026, subject to the satisfaction or waiver of the remaining customary closing conditions set forth in the merger agreement.
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Source : prnewswire