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Ohio-based Huntington Bancshares Incorporated has agreed to acquire Cadence Bank.

The acquisition will make Huntington the largest bank in Mississippi by deposits.

Huntington will gain significant market share in Texas, including in Dallas and Houston.

Huntington has stated it does not plan to close any of Cadence's existing branches.

According to multiple media outlets, Ohio-based Huntington Bancshares Incorporated has announced it has entered into a definitive agreement to acquire Mississippi's second-oldest banking organization, Cadence Bank , a $53 billion regional bank headquartered in Houston, Texas, and Tupelo.

When the deal closes Huntington will become the No.1 bank in Mississippi and a Top 10 bank in both Alabama and Arkansas by deposits.

With more th

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