Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 98

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 98
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 values and local approach to banking, and the Huntington board of directors’ belief that the complementary cultures will facilitate the successful integration and implementation of the transaction; |

| • | the complementary nature of the products, customers and geographic markets of the two companies, which Huntington believes should provide the opportunity to mitigate risks and increase potential returns; |

| • | the ability to bring Huntington’s leading digital capabilities and broader range of products and services to Cadence’s customers and communities; |

| • | the expanded possibilities for growth that would be available to Huntington following the merger, given its larger size, asset base, capital and footprint; |

| • | the expectation of significant cost savings resulting from the merger; |

| • | the terms of the merger and the fact that the exchange ratio is fixed, with no adjustment in the merger consideration to be received by Cadence shareholders as a result of possible increases or decreases in the trading price of Cadence or Huntington stock following the announcement of the merger, which the Huntington board of directors believed was consistent with market practice for transactions of this type and with the strategic purpose of the transaction; |

| • | the fact that following the merger, Huntington’s board of directors would include three (3) current Cadence directors, including Mr. Rollins, 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;