Huntington Bancshares has agreed to purchase rival Cadence Bank in an all-stock transaction valued at $7.4 billion, announced Monday. The move highlights regional banks’ drive to expand operations and challenge bigger competitors amid the U.S. sector’s fragmentation.
Mergers are accelerating under the Trump administration’s push for streamlined approvals. Cadence operates over 350 branches across 11 states, including 5 in Jackson, Tennessee (Civic Center, University, Downtown, Bemis, and Greystone locations). The deal awaits regulatory clearance.
