Banking Industry in a Wave of Consolidation
The Huntington–Cadence merger comes amid a flurry of consolidation across U.S. banking, as regional lenders join forces to withstand growing competition from digital-first players and shifting customer expectations.
The deal ranks among 2025’s largest, second only to Fifth Third’s $10.9 billion acquisition of Comerica earlier this month, and following Pinnacle Financial Partners’ $8.6 billion merger with Synovus Financial Corp. in July.
This wave of deals reflects a sector under transformation — one where scale, technology, and regional dominance are key to survival.
A Legacy Bank Enters a New Era
Cadence Bank, with over 390 branches across nine Southern states, has long been a cornerstone of regional banking. Huntington emphasized that all Cadence branches will remain open, with additional investments planned to bolster operations.
As part of the integration, Cadence CEO Dan Rollins will become Huntington’s nonexecutive vice chair and board director, ensuring continuity and leadership stability.
“We’ve been delivering for our customers and communities for 150 years,” Rollins said. “Partnering with Huntington will help us do even more to support those we serve. This is a defining moment for Cadence Bank.”
