Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 86

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 86
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 of their respective continuous efforts to enhance value for their respective shareholders and deliver high quality services to their respective customers and communities. These reviews have focused on, among other things, developments and prospects in the financial services industry, in the regulatory environment, in the economy generally, and in financial markets, and the implications of such developments for financial institutions generally and Huntington and Cadence in particular. These reviews have also included assessments of ongoing consolidation in the financial services industry and the benefits and risks to Huntington and Cadence, respectively, and their respective shareholders of strategic combinations compared to the benefits and risks of continued operation on an organic basis.

Mr. Stephen Steinour, Huntington’s chairman, president and chief executive officer, and Mr. James D. Rollins III, Cadence’s chairman and chief executive officer, have known each other for a number of years and have occasionally discussed matters of mutual interest to their respective institutions, including developments in the financial services industry generally and their respective businesses. These discussions took place during investor and banking industry conferences and other settings and did not include discussions regarding a potential business combination between Huntington and Cadence.

On May 9, 2025, Mr. Steinour contacted Keefe, Bruyette & Woods, Inc. (“KBW”), which has been Cadence’s financial advisor in connection with other transactions, to suggest a meeting between Mr. Steinour and Mr. Rollins at or around the US Regional Banking Growth Conference hosted by KBW in Europe. KBW facilitated such a meeting on May 31, 2025. At that meeting, Mr. Steinour expressed his interest in pursuing

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discussions regarding a potential business combination transaction involving Huntington and Cadence. Following this meeting, Mr. Rollins had multiple discussions with Mr. Joseph W. Evans, the lead independent director of the Cadence board of directors, and members of the Executive Management Committee of Cadence (the “Executive Management Committee”) regarding strategic options, including a potential business combination transaction involving Huntington and Cadence.

On July 1, 2025, at Mr. Steinour’s invitation, Mr. Rollins met with Mr. Gary Torgow, a member of the Huntington Board, and members of Huntington’s management in Columbus, Ohio and through virtual meetings to discuss the respective operations of Huntington and Cadence.

On July 14, 2025, Huntington announced its acquisition of Veritex Holdings, Inc., a bank holding company that would expand Huntington’s presence in