BancorpSouth Bank and Cadence Bancorporation closed the previously announced merger in which Cadence merged into BancorpSouth. Upon the completion of the merger, BancorpSouth was renamed Cadence Bank.
BancorpSouth Bank and Cadence Bancorporation, the parent company of Cadence Bank, received final FDIC approval to merge. The FDIC approval follows recent approvals from the Mississippi Department of Banking and Consumer Finance from shareholders.
BancorpSouth Bank and Cadence Bancorporation, the parent company of Cadence Bank, entered into a merger agreement under which the companies will combine in an all-stock merger with a total market value of more than $6 billion.
Cadence Bancorporation was named a 2020 Winning “W” company by the 2020 Women on Boards advocacy campaign for having women form at least 20% of its board of directors.
Cadence Bancorporation re-elected two Class II directors and elected one new Class II director at its 2019 Annual Meeting of Stockholders at the Westin Galleria in Houston.
Cadence Bancorporation and its subsidiary, Cadence Bank, completed its merger with State Bank Financial and its wholly owned subsidiary, State Bank and Trust Company, effective January 1, 2019.
Cadence Bancorporation received regulatory approval from the Federal Reserve to complete its pending stock-for-stock transaction with State Bank Financial.