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.
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.