Company: HBAN
Filing Date: 2025-07-21
Form Type: S-4
Source: 0001140361-25-026508
Chunk: 66

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-21
Form: S-4
Chunk 66
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 offerings, cost savings opportunities, enhanced ability to hold government guaranteed loans and enhanced opportunities for growth; |

| • | its belief that the two companies’ purpose-driven corporate cultures are similar and compatible, including with respect to corporate purpose, management philosophy, banking philosophy, strategic focus, client service, credit cultures and community commitment, and the belief that the foregoing would facilitate successful integration and implementation of the transaction; |

| • | Veritex’s and Huntington’s shared views regarding the best approach to combining and integrating the two companies, structured to maximize the potential for synergies and positive impact to local communities and minimize the loss of customers and employees and to further diversify the combined company’s operating risk profile compared to the risk profile of either company on a standalone basis; |

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

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

| • | the expectation that the transaction will be generally tax-free for U.S. federal income tax purposes to Veritex’s shareholders; |

| • | the fact that the exchange ratio would be fixed, which the Veritex board of directors believed was consistent with market practice for transactions of this type and with the strategic purpose of the transaction; |

| • | its expectation that, upon consummation of the merger, Veritex shareholders would own approximately [  ]% of the combined company on a fully diluted basis; |

| • | that Huntington has historically paid quarterly cash dividends on its common stock, providing an additional source of returns and liquidity to its shareholders; |

| • | the fact that Veritex’s shareholders will have an opportunity to vote on the approval of the merger agreement and the merger; |

| • | the impact of the merger on Veritex’s employees, including the benefits agreed to be provided by Huntington pursuant to the merger agreement; |

| • | the terms of the merger agreement, which Veritex reviewed with its legal advisor, including the representations, covenants, deal protection and termination provisions. |

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

| • | the possible diversion of management attention and resources from other strategic opportunities and operational matters while working to implement the transaction