Huntington to trim Cadence staff after acquisition, CEO says

Core Viewpoint - Huntington Bancshares is set to reduce its workforce at Cadence Bank following its $7.4 billion acquisition, which aims to enhance its footprint in a region identified as one of the three most attractive U.S. markets for growth [1] Company Summary - Huntington Bancshares is acquiring Cadence Bank for $7.4 billion, indicating a strategic move to expand its operations [1] - The acquisition is part of Huntington's strategy to strengthen its presence in key markets, particularly in Texas [1] Industry Summary - The acquisition reflects ongoing consolidation trends within the banking industry, as institutions seek to enhance their market positions and operational efficiencies [1] - The focus on Texas as a growth market highlights the competitive landscape in the banking sector, where regional strengths are increasingly prioritized [1]