Huntington to Trim Cadence Staff After $7.4 Billion Acquisition
Photo by Luke Shaffer on Unsplash
Huntington Bancshares will reduce Cadence Bank's staffing after acquiring it for $7.4 billion. This acquisition is anticipated to expand the Ohio-based Huntington's market presence in the banking sector. Following its $7.4 billion acquisition of Cadence Bank, Huntington Bancshares plans to reduce staffing levels at Cadence. The acquisition is expected to significantly expand the Ohio-based lender's market presence.
Key takeaways
- 4 billion acquisition of Cadence Bank, Huntington Bancshares plans to reduce staffing levels at Cadence
- The acquisition is expected to significantly expand the Ohio-based lender's market presence
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