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
|
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. |
|
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. |
|
2011 |
Purchased Cadence Bank, a Starkville, Mississippi-based bank with $1.5 billion in assets and 38 branches. |
|
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. |
|
2011 |
Added 16-person Commercial & Industrial team in Houston, Texas. |
|
2011 |
Rebranded the company as Cadence Bank. |
|
2011 |
Added Specialized Industries lending team including Healthcare and Restaurant. |
|
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. |
|
2012 |
Added commercial banking, business banking and treasury management to Tampa, Florida. |
|
2014 |
Kroll Bond Rating Agency initiated coverage with first investment grade rating. |
|
2014 |
Completed a $245 million debt issuance to support growth and a continued solid capital position. |
|
2015 |
Completed a $50 million debt issuance to foster the continued growth and solid capital position of the company. |
|
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. |
|
2017 |
Completed a $240 million follow-on offering; Cadence Bancorp, LLC sold approximately 13.1% of Cadence Bancorporation’s outstanding Class A common stock. |
|
2018 |
Completed a $230 million follow-on offering; Cadence Bancorp, LLC sold approximately 11.0% of Cadence Bancorporation’s outstanding Class A common stock. |
|
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. |
|
2018 |
Completed a $580 million follow-on offering; Cadence Bancorp, LLC sold approximately 21.5% of Cadence Bancorporation’s outstanding Class A common stock. |
|
2018 |
Completed a $355 million follow-on offering; Cadence Bancorp, LLC sold approximately 14.9% of Cadence Bancorporation’s outstanding Class A common stock. |
|
2018 |
Completed a $333 million follow-on offering; Cadence Bancorp, LLC sold approximately 14.5% of Cadence Bancorporation’s outstanding Class A common stock. |
|
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. |
|
2021 |
Cadence Bancorporation merged into BancorpSouth Bank, with BancorpSouth as the surviving company. Upon the completion of the merger, BancorpSouth was renamed Cadence Bank, and its stock now trades on the New York Stock Exchange under the symbol "CADE". |