Add-on Acquisition • Financial Services

Huntington Bancshares Acquires Cadence Bank

On October 27, 2025, Huntington Bancshares acquired financial services company Cadence Bank for 7.4B USD

Acquisition Context
  • This is Huntington Bancshares’ 8th transaction in the Financial Services sector.
  • This is Huntington Bancshares’ largest (disclosed) transaction.
  • This is Huntington Bancshares’ 7th transaction in the United States.
  • This is Huntington Bancshares’ 1st transaction in Mississippi.

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M&A Deal Summary

Date October 27, 2025
Target Cadence Bank
Sector Financial Services
Buyer(s) Huntington Bancshares
Deal Type Add-on Acquisition
Deal Value 7.4B USD

Target Company

Cadence Bank

Tupelo, Mississippi, United States
Cadence Bank provides commercial banking and financial services. Cadence Bank was formed in 1876 and is based in Tupelo, Mississippi.
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Buyer Overview 1

Buyer

Huntington Bancshares

Columbus, Ohio, United States

Category Company
Founded 1866
Sector Financial Services
Employees19,932
Revenue 7.4B USD (2024)
DESCRIPTION

Huntington Bancshares is a regional bank holding company that provides full-service commercial, small business, and consumer banking services; mortgage banking services; treasury management and foreign exchange services; equipment leasing; wealth and investment management services; trust services; brokerage services; customized insurance brokerage and service programs; and other financial products and services. Huntington Bancshares was founded in 1866 and is based in Columbus, Ohio.


Deal Context for Buyer #
Overall 8 of 8
Sector: Financial Services 8 of 8
Type: Add-on Acquisition 4 of 4
State: Mississippi 1 of 1
Country: United States 7 of 7
Year: 2025 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-13 TCF

Detroit, Minnesota, United States

TCF Financial Corp. is a national bank holding company. TCF has 400+ branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona, and South Dakota, providing retail and commercial banking services. TCF Financial was founded in 1923 and is based in Detroit, Michigan.

Buy $6.0B