Huntington Expands in Texas and Across the South with Purchase of Cadence Bank for $7.4B

Another week means another bank consolidation.

Columbus, Ohio-based 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. Huntington operates more than 1,000 branches many of which are in some of the fastest-growth areas of the country and has about $223 billion in assets.