Cadence Bank

Cadence Bank is a US-based bank with 99 branches in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas. The bank is based in Atlanta, with executive and operations headquarters in Birmingham, Alabama. It is the primary subsidiary of Houston, Texas based Cadence Bancorporation, a bank holding company.[1]

Cadence Bank
TypePublic company
NYSE: CADE
Russell 2000 Index component
IndustryBanking
Founded2009 (2009)
HeadquartersHouston, Texas, United States
Key people
Paul B. Murphy, Jr. Chairman
Sam Tortorici, CEO
Valerie Toalson, CFO
Hank Holmes, President
Revenue$782.1 million (2019)
$202.2.0 million (2019)
Total assets$17.8 billion (December 31, 2019)
Total equity$2.5 billion (2018)
Number of employees
1,800 (2018)
Websitecadencebank.com
Footnotes / references
[1][2]

The bank owns the naming rights to the Cadence Bank Amphitheatre in Atlanta.

History

The bank was formed in 2009 as Community Bancorp LLC by banking industry veterans. In 2010, it secured $1.0 billion of capital commitments.[1]

In March 2011, it acquired Cadence Bank of Starkville, Mississippi.[1]

In April 2011, it acquired Superior Bancorp of Birmingham, Alabama in a transaction facilitated by the Federal Deposit Insurance Corporation after Superior Bank suffered from bank failure.[3]

In November 2011, the bank moved its headquarters from Starkville, Mississippi to Birmingham, Alabama.[4]

In July 2012, it acquired Encore Bank.[1][5][6]

In January 2019, the company acquired State Bank.[7][8][9] It also moved its headquarters to Atlanta.[4]

References

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