Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 97

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 97
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 who will join Huntington as non-executive Vice Chairman of the Board of Directors, which the Huntington board of directors believes enhances the likelihood that the strategic benefits that Huntington expects to achieve as a result of the merger will be realized; |

| • | its understanding of the current and prospective environment in which Huntington and Cadence operate, including economic conditions, the interest rate environment, the accelerating pace of technological change in the banking industry, increased operating costs resulting from regulatory and compliance mandates, the competitive environment for financial institutions generally, and the likely effect of these factors on Huntington both with and without the merger; |

| • | its review and discussions with Huntington’s management and advisors concerning Huntington’s due diligence examination of, among other areas, the operations, financial condition and regulatory compliance programs and prospects of Cadence; |

| • | its expectation that Huntington will retain its strong capital position and asset quality upon completion of the merger; |

| • | its expectation that the required regulatory approvals could be obtained in a timely fashion; |

| • | its review with Huntington’s outside legal advisor, Wachtell Lipton, of the terms of the merger agreement, including the representations, covenants, deal protection and termination provisions; and |

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| • | Huntington’s past record of integrating mergers and of realizing projected financial goals and benefits of acquisitions and the strength of Huntington’s management and infrastructure to successfully complete the integration process. |

The Huntington board of directors also considered potential risks related to the merger but concluded that the anticipated benefits of the merger were likely to outweigh these risks. These potential risks include:

| • | the regulatory and other approvals required in connection with the merger and the risk that such regulatory approvals may not be received in a timely manner or at all or may impose unacceptable conditions; |

| • | the possibility of encountering difficulties in achieving anticipated synergies and cost savings in the amounts estimated or in the timeframe contemplated; |

| • | the possibility of encountering difficulties in successfully integrating Huntington’s and Cadence’s business, operations and workforce; |

| • | the risk of losing key Huntington or Cadence employees during the pendency of the merger and thereafter; |

| • | the dilution to current Huntington shareholders from the issuance of additional shares of Huntington common stock in the merger; |

| • | certain anticipated merger-related costs; |

| • | the possible diversion of management attention and resources from the operation of Huntington’s business towards the completion of the merger; |