Shareholders approve $7.4bn Huntington-Cadence merger

Core Viewpoint - Huntington Bancshares and Cadence Bank have received shareholder approval for their merger, which is a significant step towards finalizing the deal valued at $7.4 billion [1][2][4] Group 1: Merger Details - The merger agreement, announced in October 2025, involves Huntington Bancshares acquiring Cadence Bank, which has reported $53 billion in assets [1] - The deal is expected to be finalized on February 1, 2026, contingent upon the resolution or waiver of all outstanding closing conditions [2] - Cadence shareholders will receive 2.475 shares of Huntington's common stock for each share of Cadence [2] Group 2: Leadership Statements - Huntington Bancshares' CEO Steve Steinour emphasized the importance of shareholder approval as a milestone in the merger process, highlighting the potential for growth in shareholder value [2][3] - Cadence Bank's CEO Dan Rollins expressed satisfaction with the shareholder support, noting the expanded capabilities and expertise that the merger will bring to Cadence's customers [4] Group 3: Future Plans - Following the merger, Cadence's branches are set to adopt the Huntington name in the second quarter of 2026, indicating a planned integration of operations post-merger [3]