NEW YORK, Dec 8 (Reuters) – Huntington Bancshares will cut some jobs at Texas-based Cadence Bank after its $7.4 billion acquisition, which expands the Ohio lender’s presence in what it sees as one of the three most attractive U.S. markets, Huntington’s chief executive said.
Huntington, based in Columbus, Ohio, did not disclose the number of jobs it plans to eliminate at Houston-headquartered Cadence, which employs about 5,800 people. It agreed in late October to buy Cadence in an all-stock deal that is expected to close in the first quarter.
“There’ll be more layoffs,” CEO Stephen Steinour told Reuters in an interview. “We want to be transparent. So right away we communicate, there are going to be impacts.”
Over time, Huntington, which had more than 20,000 staff before the deal, is like

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