Cadence Bank

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Cadence Bank, N.A.
Subsidiary
Industry Financial Services
Founded 1989
Headquarters Atlanta, Georgia
Key people
Paul B. Murphy, Jr. Chairman
Sam Tortorici, Chief Executive Officer
Valerie Toalson, Chief Financial Officer
Hank Holmes, President.
Products Commercial Banking, Middle-Market and Small Business Banking, Specialized Lending, Commercial Real Estate, International Banking, Treasury Management, Wealth Management, Investment and Trust Services, Retail Banking, Mortgage Banking, Insurance
Total assets Increase $9.5 billion
Number of employees
1,200
Parent Cadence Bancorp, LLC
Website https://cadencebank.com

Cadence Bank, N.A., based in Atlanta, Georgia is a $9.8 billion regional bank with 65 branches in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas.[1] It is a subsidiary of Houston, Texas based Cadence Bancorp, LLC.

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

Cadence Bank, Linscomb & Williams, and Cadence Insurance are direct or indirect subsidiaries of Cadence Bancorporation.

History[edit]

Cadence Bank was founded in 1989 in Starkville, Mississippi as Cadence Bank, N.A. and grew to $1.6 billion in assets, with 38 locations in Alabama, Florida, Georgia, Mississippi and Tennessee.

In March 2011, Cadence Bancorp, LLC (formerly Community Bancorp, LLC) acquired Cadence Bank, N.A. Cadence Bancorp purchased the assets and liabilities of 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, Cadence Bancorp, LLC merged Superior Bank and Cadence Bank into Cadence Bank, N.A. Furthermore, CBC adopted its new name, Cadence Bancorp, LLC, signifying the unity of one holding company with one banking subsidiary under the Cadence brand.

Cadence Bancorp, LLC acquired Houston-based Encore Bancshares in July 2012, expanding its footprint in Texas.

In May 2018, Cadence Bancorp, LLC acquired State Bank for approximately $1.4 billion in stock, together holding $16 billion in assets and 100 branch locations.[2]

References[edit]

  1. ^ "Cadence Bank to move HQ from Birmingham to Atlanta". www.bizjournals.com. Retrieved 2018-05-15. 
  2. ^ "Cadence agrees to buy State Bank in $1.4 billion all-stock deal". CNBC. 2018-05-14. Retrieved 2018-05-15. 

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