Huntington Bancshares buying Cadence Bank in $7.4 billion all

OHIO — Huntington Bancshares is buying regional bank Cadence Bank in an all-stock deal valued at $7.4 billion that will strengthen its position across the Southern U.S.

What You Need To Know

Cadence has more than 390 locations across Texas and the South

Huntington runs more than 1,000 branches in 14 states

Columbus, Ohio-based Huntington will issue 2.475 shares of common stock for each outstanding share of Cadence common stock

Cadence, which has headquarters in Houston, Texas and Tupelo, Mississippi, has more than 390 locations across Texas and the South. It runs branches across Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Missouri, Tennessee and Texas.

Huntington runs more than 1,000 branches in 14 states. It is typically referred to as a super regional bank, a group