Huntington Bancshares acquires Veritex Holdings: 1.95 HBAN shares per Veritex share

HUNTINGTON BANCSHARES INC /MD/

Veritex shareholders to receive 1.95 shares of Huntington common stock per Veritex share; fractional shares paid in cash.
Merger unanimously approved by both boards; subject to Veritex shareholder vote and regulatory approvals.
Termination fee of $56 million payable by Veritex under certain circumstances.
Huntington to contribute $10 million to Huntington Foundation for Texas markets post-merger.
Veritex equity awards to be converted or assumed per terms in the merger agreement.

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