Original Source Material
The Office of the Comptroller of the Currency approved the acquisition 56 days after it was proposed – leaving just one multibillion-dollar banking deal from 2025 awaiting regulators’ blessing.
Huntington’s $7.4B Cadence deal gets regulatory sign-off
Summary
The OCC approved the $7.4B acquisition of Cadence Bank by Huntington 56 days after proposal; one major deal remains pending regulatory approval.
Why It Matters for Texas Credit Unions
While not directly impacting Texas CUs, this news highlights the ongoing regulatory environment for large financial institutions which could indirectly affect compliance practices and risk management strategies in Texas.