Huntington Bancshares IncorporatedHuntington Bancshares completed acquisition of Cadence Bank, expanding footprint and deposits.
Merger-and-acquisition activity among U.S. regional banks reached $15.1 billion in the first six months of 2026, the highest level in seven years. Several large deals that were announced in 2025 closed early this year, including PNC Financial Services' merger with FirstBank, Pinnacle Financial Partners' merger with Synovus, Fifth Third's merger with Comerica, and Huntington Bancshares' acquisition of Cadence Bank. These transactions have expanded the acquirers' geographic footprints and deposit bases, and the favorable regulatory climate along with valuation disparities could fuel further consolidation. Potential takeover targets include KeyCorp and Eastern Bankshares, which have faced shareholder activist pressure, as well as lower-valued banks such as First Horizon, FNB Corporation, and Webster Financial.
Huntington Bancshares IncorporatedHuntington Bancshares completed acquisition of Cadence Bank, expanding footprint and deposits.
PNC Financial Services Group IncPNC Financial Services completed merger with FirstBank, expanding geographic footprint.
Pinnacle Financial Partners, Inc.Pinnacle Financial Partners completed merger with Synovus, expanding footprint and deposits.
Eastern Bankshares IncEastern Bankshares is mentioned as a potential takeover target due to shareholder activist pressure, which could lead to a premium buyout.
First Horizon CorporationFirst Horizon is listed as a lower-valued bank that could be a takeover target, potentially leading to acquisition premium.
F.N.B. CorpFNB Corporation is mentioned as a lower-valued bank that could be a takeover target, potentially leading to acquisition premium.
Fifth Third BancorpFifth Third completed its merger with Comerica, expanding its footprint and deposit base, which is positive for its growth.
KeyCorpKeyCorp mentioned as potential takeover target facing activist pressure, but no deal announced.
Webster Financial CorporationWebster Financial mentioned as lower-valued potential takeover target, but no deal announced.
Cadence BancorpCadence Bank was acquired by Huntington Bancshares, making it no longer an independent entity; the news highlights its acquisition as part of consolidation.
FB Financial Corp