Cadence Bank

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Cadence Bank, N.A.
Type Subsidiary of Cadence Bancorp, LLC
Industry Commercial Bank, Finance, Financial Services
Founded 1889
Headquarters Birmingham, Alabama USA
Key people Sam Tortorici, CEO, Cadence Bank, N.A.
Products Commercial Banking, Treasury Management, Commercial Real Estate, International Services, Specialized Lending, Wealth Management, Investment and Trust, Financial Planning, Insurance, Retail Banking, Consumer Loans, Mortgage, Home Equity Lines of Credit, Home equity loans, and Credit Cards
Employees Nearly 1,500
Parent Cadence Bancorp, LLC
Website www.cadencebank.com

Cadence Bank, N.A., headquartered in Birmingham, Alabama, in the United States, is a leading regional bank with more than $6.2 billion in assets. An operating subsidiary of Houston-based Cadence Bancorp, LLC, Cadence Bank has a network of more than 100 branches in Alabama, Florida, Mississippi, Georgia, Tennessee and Texas.[1]

Cadence serves commercial, business and consumer clients with commercial and consumer banking, small business banking, treasury management, international banking, specialized industry lending, commercial real estate, wealth management, investment and trust services, financial planning, retirement plan management, business and personal insurance, consumer loans, mortgages, home equity lines and loans, and credit cards.

Cadence Bank (Member Federal Deposit Insurance Corporation (FDIC), Linscomb & Williams[2] and Cadence Insurance Agency[3] are wholly owned subsidiaries of Cadence Bancorp, LLC.

History[edit]

Cadence Bank was founded in 1889 in Starkville, Mississippi as Cadence Bank, N.A.and grew to $1.6 billion in assets[when?], with 38 locations in Alabama, Florida, Georgia, Mississippi and Tennessee.

In March 2011 CBC acquired Cadence Bank, N.A. CBC purchased Birmingham-based Superior Bank in April 2011, with $3.4 billion in assets, 73 banking offices and 23 consumer finance offices in Alabama and Florida, from the FDIC.

In November 2011, CBC merged Superior Bank and Cadence Bank into Cadence Bank, N.A., a regional bank based in Birmingham; CBC adopted its new name, Cadence Bancorp, LLC, signifying the unity of one holding company, based in Houston, with one banking subsidiary under the Cadence brand.

Cadence Bank acquired Houston-based Encore Bancshares in July 2012 and become a regional bank with assets of more than $5.5 billion and a network of more than 100 branches in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas.

References[edit]

External links[edit]