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[425] HUNTINGTON BANCSHARES INC /MD/ Business Combination Communication

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
425
Rhea-AI Filing Summary

Huntington Bancshares filed a Rule 425 communication sharing CEO Steve Steinour’s letter welcoming Cadence Bank employees and noting the companies have decided to partner. Huntington plans to file a Form S-4 that will include a joint proxy statement/prospectus, and the proposed transaction will be submitted to shareholders of both companies for consideration. The letter also states that Dan will join as non-executive Vice Chair of Huntington Bancshares Incorporated and as a director of both Huntington Bancshares Incorporated and The Huntington National Bank.

Huntington Bancshares ha depositato una comunicazione secondo la Rule 425 che condivide la lettera del CEO Steve Steinour che dà il benvenuto ai dipendenti di Cadence Bank e segnala che le aziende hanno deciso di collaborare. Huntington prevede di presentare un Form S-4 che includerà una dichiarazione congiunta/prospetto di proxy, e la transazione proposta sarà sottoposta all'approvazione degli azionisti di entrambe le società. La lettera afferma anche che Dan entrerà come Vice Presidente non esecutivo di Huntington Bancshares Incorporated e come membro del consiglio di Huntington Bancshares Incorporated e di The Huntington National Bank.

Huntington Bancshares presentó una comunicación de la Regla 425 que comparte la carta del director ejecutivo Steve Steinour dando la bienvenida a los empleados de Cadence Bank y señalando que las empresas han decidido asociarse. Huntington planea presentar un Formulario S-4 que incluirá una declaración de proxy/prospecto conjunto, y la transacción propuesta se someterá a la aprobación de los accionistas de ambas compañías. La carta también indica que Dan se incorporará como Vicepresidente no ejecutivo de Huntington Bancshares Incorporated y como director de Huntington Bancshares Incorporated y de The Huntington National Bank.

Huntington Bancshares는 CEO Steve Steinour의 편지를 공유하는 Rule 425 커뮤니케이션을 제기했고 Cadence Bank 직원들을 환영하며 양사가 파트너십을 결정했다는 내용을 밝혔다. Huntington은 공동 프록시 진술/프로스펙터스를 포함하는 Form S-4를 제출할 계획이며, 제안된 거래는 양사 주주들의 검토를 위해 제출될 것이다. 편지에는 또한 Dan이 Huntington Bancshares Incorporated의 비상근 부회장으로 합류하고 Huntington Bancshares Incorporated 및 The Huntington National Bank의 이사로도 합류할 것이라고 명시되어 있다.

Huntington Bancshares a déposé une communication selon la règle 425 partageant la lettre du PDG Steve Steinour qui accueille les employés de Cadence Bank et indiquant que les entreprises ont décidé de s’associer. Huntington prévoit de déposer un Form S-4 qui comprendra une déclaration de procuration/prospectus conjointe, et la transaction proposée sera soumise à l’approbation des actionnaires des deux sociétés. La lettre indique également que Dan rejoindra Huntington Bancshares Incorporated en tant que Vice-Chair non exécutif et en tant que administrateur à la fois de Huntington Bancshares Incorporated et de The Huntington National Bank.

Huntington Bancshares hat eine Rule 425-Mitteilung eingereicht, die das Schreiben von CEO Steve Steinour enthält, in dem er die Mitarbeitenden von Cadence Bank willkommen heißt und festhält, dass die Unternehmen beschlossen haben, zusammenzuarbeiten. Huntington plant, ein Form S-4 einzureichen, das eine gemeinsame Proxy-Erklärung/Prospekt enthalten wird, und die vorgeschlagene Transaktion wird den Aktionären beider Unternehmen zur Prüfung vorgelegt. Aus dem Schreiben geht auch hervor, dass Dan als nicht ausführender Vizevorsitzender von Huntington Bancshares Incorporated sowie als Direktor sowohl von Huntington Bancshares Incorporated als auch von The Huntington National Bank beitreten wird.

Huntington Bancshares قد قدمت إشعار Rule 425 الذي يشارك رسالة الرئيس التنفيذي ستيف ستينور ترحب بموظفي Cadence Bank وتشير إلى أن الشركتين قررتا الشراكة. تخطط Huntington لتقديم نموذج S-4 يتضمن بيان تفويض/نشرة مشاريع مشتركة، وسيتم إحالة الصفقة المقترحة إلى مساهمي كلا الشركتين للنظر فيها. كما تنص الرسالة على أن دان سينضم كنائب رئيس غير تنفيذي لـ Huntington Bancshares Incorporated وكعضو في مجلس إدارة كل من Huntington Bancshares Incorporated وThe Huntington National Bank.

Positive
  • None.
Negative
  • None.

Insights

Administrative step in a proposed Huntington–Cadence transaction.

The communication signals a pending combination between Huntington and Cadence, with a forthcoming Form S-4 containing a joint proxy statement/prospectus. This is a standard step to prepare for a shareholder vote and regulatory review.

The letter also notes a leadership addition, with Dan designated as non-executive Vice Chair and director roles. Actual terms, valuation, and synergy details are not included here; those typically appear in the S-4.

Next milestones are the S-4 filing and the shareholder votes. Outcomes will depend on regulatory clearances and shareholder approvals as described.

Huntington Bancshares ha depositato una comunicazione secondo la Rule 425 che condivide la lettera del CEO Steve Steinour che dà il benvenuto ai dipendenti di Cadence Bank e segnala che le aziende hanno deciso di collaborare. Huntington prevede di presentare un Form S-4 che includerà una dichiarazione congiunta/prospetto di proxy, e la transazione proposta sarà sottoposta all'approvazione degli azionisti di entrambe le società. La lettera afferma anche che Dan entrerà come Vice Presidente non esecutivo di Huntington Bancshares Incorporated e come membro del consiglio di Huntington Bancshares Incorporated e di The Huntington National Bank.

Huntington Bancshares presentó una comunicación de la Regla 425 que comparte la carta del director ejecutivo Steve Steinour dando la bienvenida a los empleados de Cadence Bank y señalando que las empresas han decidido asociarse. Huntington planea presentar un Formulario S-4 que incluirá una declaración de proxy/prospecto conjunto, y la transacción propuesta se someterá a la aprobación de los accionistas de ambas compañías. La carta también indica que Dan se incorporará como Vicepresidente no ejecutivo de Huntington Bancshares Incorporated y como director de Huntington Bancshares Incorporated y de The Huntington National Bank.

Huntington Bancshares는 CEO Steve Steinour의 편지를 공유하는 Rule 425 커뮤니케이션을 제기했고 Cadence Bank 직원들을 환영하며 양사가 파트너십을 결정했다는 내용을 밝혔다. Huntington은 공동 프록시 진술/프로스펙터스를 포함하는 Form S-4를 제출할 계획이며, 제안된 거래는 양사 주주들의 검토를 위해 제출될 것이다. 편지에는 또한 Dan이 Huntington Bancshares Incorporated의 비상근 부회장으로 합류하고 Huntington Bancshares Incorporated 및 The Huntington National Bank의 이사로도 합류할 것이라고 명시되어 있다.

Huntington Bancshares a déposé une communication selon la règle 425 partageant la lettre du PDG Steve Steinour qui accueille les employés de Cadence Bank et indiquant que les entreprises ont décidé de s’associer. Huntington prévoit de déposer un Form S-4 qui comprendra une déclaration de procuration/prospectus conjointe, et la transaction proposée sera soumise à l’approbation des actionnaires des deux sociétés. La lettre indique également que Dan rejoindra Huntington Bancshares Incorporated en tant que Vice-Chair non exécutif et en tant que administrateur à la fois de Huntington Bancshares Incorporated et de The Huntington National Bank.

Huntington Bancshares hat eine Rule 425-Mitteilung eingereicht, die das Schreiben von CEO Steve Steinour enthält, in dem er die Mitarbeitenden von Cadence Bank willkommen heißt und festhält, dass die Unternehmen beschlossen haben, zusammenzuarbeiten. Huntington plant, ein Form S-4 einzureichen, das eine gemeinsame Proxy-Erklärung/Prospekt enthalten wird, und die vorgeschlagene Transaktion wird den Aktionären beider Unternehmen zur Prüfung vorgelegt. Aus dem Schreiben geht auch hervor, dass Dan als nicht ausführender Vizevorsitzender von Huntington Bancshares Incorporated sowie als Direktor sowohl von Huntington Bancshares Incorporated als auch von The Huntington National Bank beitreten wird.

Huntington Bancshares قد قدمت إشعار Rule 425 الذي يشارك رسالة الرئيس التنفيذي ستيف ستينور ترحب بموظفي Cadence Bank وتشير إلى أن الشركتين قررتا الشراكة. تخطط Huntington لتقديم نموذج S-4 يتضمن بيان تفويض/نشرة مشاريع مشتركة، وسيتم إحالة الصفقة المقترحة إلى مساهمي كلا الشركتين للنظر فيها. كما تنص الرسالة على أن دان سينضم كنائب رئيس غير تنفيذي لـ Huntington Bancshares Incorporated وكعضو في مجلس إدارة كل من Huntington Bancshares Incorporated وThe Huntington National Bank.

Huntington Bancshares 提交了一份 Rule 425 通知,分享首席执行官 Steve Steinour 的信件,欢迎 Cadence Bank 的员工,并指出两家公司已决定结成伙伴关系。Huntington 计划提交一份 Form S-4,其中将包含联合代理声明/招股说明书,拟议交易将提交给两家公司的股东审议。信中还指出 Dan 将以 Huntington Bancshares Incorporated 的非执行副主席身份加入,并担任 Huntington Bancshares Incorporated 以及 The Huntington National Bank 的董事。


Filed by Huntington Bancshares Incorporated
pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934

Subject Company:  Cadence Bank
Commission File No.:  001-34073
Date:  October 27, 2025

The following is a letter from Steve Steinour, Chief Executive Officer of Huntington Bancshares Incorporated that was made available to Huntington Bancshares Incorporated’s employees.

To: All Cadence teammates
Subject: Welcome to Huntington Bank: A Message From Steve Steinour

Cadence Bank team,

I’m Steve Steinour, CEO of Huntington Bank. As Dan shared earlier today, our companies have decided to partner so that we can do even more to support our customers, deliver for our communities, and grow our businesses.

We are very excited to welcome you to Huntington. I know you have questions about what this all means—and I invite you to watch this video to hear my thoughts on the opportunities ahead.

You will likely have many more questions in the days and weeks ahead. We may not always have an immediate answer to provide, but we promise to be open and transparent with you as we move through this process, and to update you on a regular basis.

Finally, I would like to thank Dan and the Cadence Senior Management team. They have been—and will continue to be—outstanding partners throughout this entire planning process, helping position our combined organization for long-term success. We are grateful for the partnership and delighted that Dan will join as non-executive Vice Chair of Huntington Bancshares Incorporated as well as a director of Huntington Bancshares Incorporated and the Huntington National Bank.

On behalf of my colleagues, I am thrilled and honored to welcome you to Huntington. And I look forward to meeting you soon.

Steve Steinour
Chairman, President, and CEO


***

Resources:

Huntington.com/CadenceBank: Stay up to date with what this means for customers

Integration Center: See integration FAQs and resources for teammates

IMPORTANT ADDITIONAL INFORMATION
In connection with the proposed transaction, Huntington will file with the SEC a Registration Statement on Form S-4 that will include a Joint Proxy Statement of Huntington and Cadence and a Prospectus of Huntington, as well as other relevant documents concerning the proposed transaction.  The proposed transaction involving Huntington and Cadence will be submitted to Huntington’s shareholders and Cadence’s shareholders for their consideration.  This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.  INVESTORS, SHAREHOLDERS OF HUNTINGTON AND SHAREHOLDERS OF CADENCE ARE URGED TO READ THE REGISTRATION STATEMENT AND THE JOINT PROXY STATEMENT/PROSPECTUS REGARDING THE TRANSACTION WHEN IT BECOMES AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC AND THE FEDERAL RESERVE, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Shareholders will be able to obtain a free copy of the definitive joint proxy statement/prospectus, as well as other filings containing information about Huntington and Cadence, without charge, at the SEC’s website (http://www.sec.gov) and Cadence’s website (https://ir.cadencebank.com/fdic-federal-reserve-filings), respectively.  Copies of the joint proxy statement/prospectus, when available, and the filings with the SEC and the Federal Reserve that will be incorporated by reference in the joint proxy statement/prospectus can also be obtained, without charge, by directing a request to Huntington Investor Relations, Huntington Bancshares Incorporated, Huntington Center, 41 South High Street, Columbus, Ohio 43287, (800) 576-5007.  Copies of the joint proxy statement/prospectus, when available, and filings containing information about Cadence may be obtained after their filing with the Federal Reserve at (https://ir.cadencebank.com/fdic-federal-reserve-filings), by directing a request to Will Fisackerly, Cadence Investor Relations, Cadence Bank, (800) 698-7878, IR@cadencebank.com.  References to Cadence’s website does not constitute incorporation by reference of the information contained on the website and is not, and should not be, deemed part of this filing.


PARTICIPANTS IN THE SOLICITATION
Huntington, Cadence, and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Huntington and shareholders of Cadence in connection with the proposed transaction.  Information regarding the interests of the directors and executive officers of Huntington and Cadence and other persons who may be deemed to be participants in the solicitation of shareholders of Huntington and Cadence in connection with the transaction and a description of their direct and indirect interests, by security holdings or otherwise, will be included in the definitive joint proxy statement/prospectus related to the transaction, which will be filed by Huntington with the SEC.  Information regarding Huntington’s directors and executive officers is available in its definitive joint proxy statement relating to its 2025 Annual Meeting of Shareholders, which was filed with the SEC on March 6, 2025, and other documents filed by Huntington with the SEC.  Information regarding Cadence’s directors and executive officers is available in its definitive proxy statement relating to its 2025 Annual Meeting of Shareholders, which was filed with the Federal Reserve on March 14, 2025, and other documents filed by Cadence with the Federal Reserve.  Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the joint proxy statement/prospectus and other relevant materials filed with the SEC and the Federal Reserve by Huntington and Cadence, respectively.  Free copies of these documents may be obtained as described above under “Important Additional Information.”



FAQ

What did HBAN disclose in this Form 425 filing?

A CEO letter welcoming Cadence Bank employees and noting a proposed partnership, with plans to file a Form S-4 including a joint proxy statement/prospectus.

Will HBAN (Huntington) and CADE (Cadence) shareholders vote on the deal?

Yes. The proposed transaction will be submitted to Huntington’s and Cadence’s shareholders for their consideration.

What documents will be filed for the Huntington–Cadence transaction?

A Registration Statement on Form S-4 with a joint proxy statement/prospectus, plus other relevant documents with the SEC and the Federal Reserve.

Where can investors access the joint proxy statement/prospectus?

When available, it can be obtained free at the SEC’s website and via Huntington Investor Relations; Cadence will provide links on its investor site.

Does the communication constitute an offer to sell securities?

No. It explicitly states it is not an offer to sell or solicit the purchase of securities.

Were any leadership changes mentioned for Huntington?

Yes. The letter states that Dan will join as non-executive Vice Chair of Huntington Bancshares Incorporated and as a director of both the holding company and The Huntington National Bank.
Huntington Bancshares Inc

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