The talented management team that leads Cadence Bank is made up of some of the most accomplished and respected bankers in the region.
|Hank Holmes||Jerry Powell|
|Tom Clark||Randy Schultz|
Paul B. Murphy, Jr.
Chief Executive Officer, Cadence Bancorp, LLC
Chairman, Cadence Bank, N.A.
Paul B. Murphy, Jr. is the Chief Executive Officer and President of Cadence Bancorp, LLC, and Chairman of Cadence Bank. In 2010, Cadence Bancorp raised $1.0 billion to invest in the banking industry. To date, the company has made three acquisitions, bringing the combined company to $8.2 billion in assets with more than 70 branches across five states. Cadence is privately held by major pension plans, university endowments and institutional investors.
Previously, Murphy spent nearly 20 years at Amegy Bank of Texas as the Chief Executive Officer and a Director. Amegy started with little more than $50 million in assets and one location in 1990, and grew to $11 billion in assets and more than 85 banking centers throughout the greater Houston, Dallas and San Antonio metropolitan areas at the time of his departure in 2009. During Murphy’s tenure, Amegy completed several successful acquisitions and sold to Zions Bancorporation for $1.7 billion in 2005, with original investors realizing 36 times their investment.
Murphy is an advocate of the community. He is a board member of the Houston Endowment, Inc., the largest endowment in Texas with more than $1.5 billion in assets. In addition, he serves on the boards of the Hines Real Estate Investment Trust, Inc., Oceaneering International, Inc., Federal Reserve Bank of Dallas - Houston Branch, The Kinkaid School, and the Children’s Museum of Houston. He is active in the World Presidents Organization.
Chief Executive Officer and Director, Cadence Bank, N.A.
Sam Tortorici is the Chief Executive Officer and Director of Cadence Bank, N.A. Cadence Bank was formed through the acquisitions of Cadence Bank in Mississippi, Superior Bank in Alabama and Encore Bank in Houston, along with an aggressive organic growth strategy. Today, Cadence Bank is a thriving $8.2 billion regional bank which operates throughout the Southeast and Texas.
Tortorici has served in this role since July 2011 and has overseen the three acquisitions along with raising $300 million of debt capital to support the bank’s growth. In his role as CEO, he oversees Cadence’s business lines and support functions.
Born and raised in Birmingham, Alabama, Tortorici graduated from the University of Alabama’s School of Accountancy. Upon graduation, he began a 24 year career at Regions Bank and predecessor AmSouth Bank where he served in a wide variety of leadership roles throughout the organization.
Immediately prior to joining Cadence, Tortorici led Regions’ Commercial & Industrial business which comprised over 500 commercial and specialty banking professionals across 16 states, over $30 billion in loan commitments, and annual revenues in excess of $1 billion. In this role, he led the development of a number of commercial industry specialty businesses that generated substantial revenue growth, including Healthcare, Transportation, Franchise Restaurant and Technology & Defense.
While at Regions/AmSouth, Tortorici held other key positions of leadership for sales and service across a variety of business units, including Central Region President, Alabama Regional President, North Central Alabama Area Executive, Corporate Banking Executive and Chief Financial Officer.
Tortorici is actively involved in his community. He currently serves as the Board Chairman of the United Way of Central Alabama, and led a successful $37.2 million United Way campaign for Central Alabama in 2008. He continues to actively serve his alma mater, and currently serves on the Executive Committee of the University of Alabama President’s Cabinet. He also serves on the American Bankers Council, the Bold Goals Leadership Coalition, Rotary Club of Birmingham, and as a Ruling Elder of Covenant Presbyterian Church.
Valerie C. Toalson
Executive Vice President, Chief Financial Officer, Cadence Bank, N.A.
Valerie Toalson, Chief Financial Officer for Cadence Bank, brings more than 25 years of banking experience in accounting and accounting operations, financial and regulatory reporting, treasury, and investor relations. She also has played key roles in budgeting as well as customer and relationship profitability management.
Most recently, Toalson served as CFO of BankAtlantic Bancorp. Prior to that, she held several leadership positions at Bank of Oklahoma, including Manager of Credit Services, Corporate Controller, Manager of Process Improvement, and Chief Auditor. A CPA, Toalson began her career in audit at Price Waterhouse.
Toalson is actively involved in her community. She earned a Bachelor of Science in Accounting from Oklahoma State University.
President, Cadence Bank, N.A.
Hank Holmes serves as President of Cadence Bank, having joined the organization in 2011. Since that time, he has built the bank’s lending team across the Southeast and in Texas to more than 85 relationship-focused lenders intent on bringing their clients solutions on both side of the balance sheet. Holmes oversees nearly $3 billion in loan activity among eight lending groups, including commercial & industrial, middle market commercial, commercial real estate, energy upstream, energy midstream, energy services, international, and community banking.
A member of Cadence Bank’s Senior Management Committee and Senior Loan Committee, Holmes also is integrally involved in the bank’s merger and acquisition activity, regulatory relationships and business development, having played a role in the $1.6 billion acquisition of Houston-based Encore Bank in July 2012.
Holmes began his career at Amegy Bank in its commercial real estate department, and over seven years closed more than $750 million in loans while servicing one of Amegy’s largest portfolios. Under his leadership, Amegy’s private banking department grew from $400 million to $800 million between 2003 and 2009, outperforming industry standards with minimal loan loss and high profitability. Holmes assumed leadership of the bank’s special assets group in 2009, where he implemented policies to meet regulatory and other audit requirements.
With more than 20 years of banking experience, Holmes is a frequent guest lecturer at leading universities and a recurrent presenter on issues relating to banking and the economy. He serves on the board of directors for the University of Mississippi’s School of Banking and Finance as well as Neighborhood Centers, Inc. He also is a member of the Young Presidents Organization.
Holmes earned a Bachelor of Arts from the University of Mississippi in 1993, majoring in managerial finance.
Executive Vice President, General Counsel and Secretary, Cadence Bancorp, LLC and Cadence Bank, N.A.
Jerry Powell is General Counsel and Secretary of Cadence Bancorp and Cadence Bank. Powell began his career as a clerk to the Honorable Seybourn H. Lynne, U.S. District Judge for the Northern District of Alabama. He then practiced law with the firm now known as Johnston, Barton, Powell and Rose in Birmingham. There he represented numerous businesses and individuals in a general practice with emphasis on litigation, creditor’s rights, and consumer compliance until 1981, when he joined Compass Bank as Corporate Counsel. Mr. Powell became General Counsel of Compass Bank in 1986 and of its holding company in 1991. He retired from Compass in 2010 and joined the firm of Jones Walker as Special Counsel in their Financial Services Section.
Powell is a member of the American Bar Association and the Alabama Bar Association, where he has served on several committees including the Committee on Delivery of Legal Services to the Poor, the Bar’s Speaker’s Bureau, and the Grievance Committee of the Birmingham Bar Association. He is the past President and member of the board of directors of the Association of Corporate Counsels Alabama Chapter. In addition, he is a frequent speaker on banking law and corporate governance.
Actively involved in civic and community affairs, Powell currently is President of the board of directors of AIDS Alabama and was a founding director of Magic Moments, an organization dedicated to fulfilling the wishes of terminally ill children. Powell serves Birmingham-Southern College as a member of the President’s Advisory Council and the University of Alabama School of Law as a member of the board of trustees of the Farrah Law Society.
Powell graduated Birmingham-Southern College with a Bachelor of Arts in Political Science and received his law degree from the University of Alabama School of Law.
Executive Vice President, Chief Information Officer, Cadence Bank, N.A.
Tom Clark, Chief Information Officer for Cadence Bank, brings nearly 20 years of experience in information security within the financial services industry. Clark’s expertise includes building and operating customer-focused, multi-channel delivery and business automation solutions, and he is recognized for creating successful system-wide strategy and execution teams.
Prior to joining Cadence, Clark most recently served as information security executive at USAA. During the ten years he spent at USAA, Clark held multiple leadership positions including vice president, business performance excellence; vice president, member support operations; and assistant vice president, e-commerce and enterprise business operations. In addition, his background involves roles as senior vice president, consumer bank technology at Bank of America, and chief information officer at BankUnited.
Clark earned his MBA from the University of Florida and his Bachelor of Business Administration in Finance from the University of Texas at Austin. He received an executive certificate in management and leadership from the Sloan School of Management at Massachusetts Institute of Technology.
Executive Vice President, Managing Director, Specialized Industries, Cadence Bank, N.A.
Prior to joining Cadence Bank to launch its Specialized Industries group, Randy Schultz was founder and Managing Director of Regions Bank’s Restaurant Banking Group, which was formed in April 2009. This group grew assets under management to approximately $1.3 billion from 2009 to 2011. Before joining Regions, Schultz was Managing Director of Bank of America’s Restaurant and Beverage Finance Group from 1996 to 2006, where he helped this group grow from $300 million in assets under management to approximately $7 billion in assets and $200 million in revenue.
Schultz led multiple lines of business on a regional and national basis during his tenure at Bank of America, including commercial banking, corporate and investment banking and global treasury management.
Schultz received his Bachelor of Arts from Mississippi State University and his master’s degree in economics from Johns Hopkins University.