Company: HBAN
Filing Date: 2025-07-21
Form Type: S-4
Source: 0001140361-25-026508
Chunk: 59

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-21
Form: S-4
Chunk 59
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 Veritex’s management and representatives of KBW and Simpson Thacher. Mr. Holland discussed with the Veritex Board the discussions with Company B that had occurred following the March 25, 2025 meeting of the Veritex Board, including the feedback Mr. Holland had received on the key questions raised by the Veritex Board. Following the discussion, the Veritex Board authorized Mr. Holland to respond in writing to the Company B LOI with Veritex’s requests, including specifying an exchange ratio. Thereafter on April 4, 2025, Veritex sent a revised letter of intent to Company B.

Over the following days, representatives of Veritex’s management continued to have exploratory discussions with representatives of Company B regarding a possible business combination transaction and, with the assistance of KBW, continued to review financial matters relating to a possible business combination with Company B. On April 9, 2025, Veritex and Company B agreed to discontinue actively engaging in discussions regarding a possible business combination transaction due to recent market volatility, the decline in regional bank stock prices at that time and uncertainties regarding the economic environment. No confidentiality agreement was ever entered into between Veritex and Company B.

On May 21, 2025, Mr. Holland and Mr. Stephen Steinour, Huntington’s chairman, president and chief executive officer, as well as Mr. Brant Standridge, Huntington’s Senior Executive Vice President and President, Consumer and Regional Banking, and Mr. Zachary Wasserman, Huntington’s Senior Executive Vice President, Chief Financial Officer, met in Dallas, Texas and discussed their respective institutions, the markets in which they operate and evaluating a possible business combination transaction between Veritex and Huntington. Messrs. Holland and Steinour were introduced to each other in 2023 and have periodically discussed matters of mutual interest to their respective institutions, including developments in the financial services industry generally. These discussions have occurred during the course of investor and banking industry conferences and social and community settings. Prior to May 2025, none of these discussions included discussions regarding a potential business combination between Huntington and Veritex.

On June 13, 2025, Messrs. Holland and Steinour met and further discussed a possible business combination transaction between Veritex and Huntington. Messrs. Holland and Steinour agreed that to facilitate more detailed discussions of a potential business combination and to conduct reciprocal due diligence efforts they should enter into a mutual nondisclosure agreement. On June 14, 2025