Huntington Bancshares (HBAN) has agreed to buy Cadence Bank (CADE) for $7.4B in stock, The Wall Street Journal’s Gina Heeb reports. The Cadence deal represents an “important next stage” for Huntington, CEO Steve Steinour said in an interview. “I do think there will be more” deals, said Steinour, who said the two banks have been in conversations for about four months. The regulatory environment is “constructive,” Steinour added.
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