Overview
Cadence Bank has built a reputation for superior customer service, support for community and a focus on business growth. Our strong growth trajectory serves as evidence of this winning formula.
Led by a board of directors who represent some of the best minds in banking, Cadence continues to find new ways to grow and respond to our customers’ ever-changing needs.
Cadence Bank Timeline
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2009 |
Community Bancorp, LLC (later known as Cadence Bancorp, LLC), formed as a holding company intent on driving community and business growth. Board of Directors and management team formed. |
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2010 |
$1 billion in committed capital raised to invest in the U.S. banking industry from long-term investors consisting largely of university endowments and pension funds. |
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2011 |
Purchased Cadence Bank, a Starkville, Mississippi-based bank with $1.5 billion in assets and 38 branches. |
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2011 |
Acquired Birmingham, Alabama-based Superior Bank, a bank with $2.6 billion in assets and 73 branches, and rebranded the company as Cadence Bank. |
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2011 |
Added 16-person Commercial & Industrial team in Houston, Texas. |
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2011 |
Rebranded the company as Cadence Bank. |
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2011 |
Added Specialized Industries lending team including Healthcare and Restaurant. |
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2012 |
Purchased Encore Bank, a Houston, Texas, bank with $1.6 billion in assets, 12 branches, and subsidiaries Linscomb & Williams, Encore Trust and Town and Country Insurance. |
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2012 |
Added commercial banking, business banking and treasury management to Tampa, Florida. |
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2014 |
Kroll Bond Rating Agency initiated coverage with first investment grade rating. |
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2014 |
Completed a $245 million debt issuance to support growth and a continued solid capital position. |
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2015 |
Completed a $50 million debt issuance to foster the continued growth and solid capital position of the company. |
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2017 |
Cadence Bancorporation, the bank holding company of Cadence Bank, N.A., completed a $172.5 million initial public offering on the New York Stock Exchange under the symbol CADE. |
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2017 |
Completed a $240 million follow-on offering; Cadence Bancorp, LLC sold approximately 13.1% of Cadence Bancorporation’s outstanding Class A common stock. |
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2018 |
Completed a $230 million follow-on offering; Cadence Bancorp, LLC sold approximately 11.0% of Cadence Bancorporation’s outstanding Class A common stock. |
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2018 |
Entered into definitive merger agreement with Atlanta-based State Bank Financial Corporation, a holding company whose wholly-owned subsidiary, State Bank and Trust Company, has $4.9 billion in assets and 32 branches in Georgia. |
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2018 |
Completed a $580 million follow-on offering; Cadence Bancorp, LLC sold approximately 21.5% of Cadence Bancorporation’s outstanding Class A common stock. |
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2018 |
Completed a $355 million follow-on offering; Cadence Bancorp, LLC sold approximately 14.9% of Cadence Bancorporation’s outstanding Class A common stock. |
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2018 |
Completed a $333 million follow-on offering; Cadence Bancorp, LLC sold approximately 14.5% of Cadence Bancorporation’s outstanding Class A common stock. |
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2019 |
Acquired State Bank Financial Corporation and merged State Bank's wholly owned subsidiary, State Bank and Trust Company, into Cadence Bank, bringing a significant Georgia presence to Cadence Bank and an incredible combination of talents and resources. This merger includes AloStar, a division of Cadence Bank, N.A. and Altera Payroll & Insurance, a subsidiary of Cadence Bank, N.A. |