Huntington Bancshares announced its expansion into Austin and central Texas, adding 10 Cadence Bank branches to its network by mid‑2026. The move follows the company’s recent acquisitions of Houston‑based Cadence Bank and Dallas‑based Veritex Bank, positioning Huntington as the eighth‑largest bank by deposits in Texas and the first company listed on the newly launched Nasdaq Texas exchange.
The expansion is part of Huntington’s broader strategy to shift its geographic focus from the Midwest to high‑growth Texas markets. Texas offers stronger loan demand and lower deposit betas, which should support future revenue and margin growth for the bank’s commercial banking segment.
To lead the Austin market, Huntington hired veteran commercial banker Claire Harrison as senior managing director. Harrison brings more than 15 years of experience, most recently serving as Austin market president for Texas Capital Bank, and is expected to leverage her local expertise to grow the bank’s commercial client base.
The Cadence Bank acquisition, announced on October 27 2025, was expected to close in the first quarter of 2026, while the Veritex merger closed on October 20 2025. These deals provided Huntington with a substantial deposit base and branch network in Texas, enabling the swift rollout of the Austin expansion.
Huntington’s dual listing on Nasdaq Texas, which launched on March 5 2026, underscores its commitment to the state and provides enhanced visibility and capital access within the Texas market.
By integrating Cadence and Veritex and expanding into Austin, Huntington positions itself to capture growth opportunities in a dynamic economy, while leveraging its expanded branch network to deepen relationships with commercial clients across Texas.
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