Huntington Expands in Texas and Across the South with Purchase of Cadence Bank for $7.4B
Another week means another bank consolidation in Texas. Huntington Bancshares said Monday that it is acquiring Cadence Bank in a stock swap valued at about $7.4 billion. Cadence — with dual headquarters in Houston and Tupelo, Miss. — has more than 390 locations across Texas and the South.
Wachtell and Sullivan & Cromwell advised on the deal. Cadence's Houston-based chief legal officer is Shanna Kuzdzal, who replaced the bank's longtime in-house leader Chuck Pignuolo in 2023 when he retired.