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Cadence Bancorporation Chairman and CEO Joins CEO Action for Diversity and Inclusion

HOUSTON, April 21, 2021 – Paul Murphy, chairman and CEO of Cadence Bancorporation (NYSE: CADE), announced today that he has signed the CEO Action for Diversity & Inclusion™ pledge, a move that illustrates the strength of the financial institution’s commitment to ensuring a diverse, equitable and inclusive work environment.   

As the largest CEO-driven business pledge of its kind, CEO Action for Diversity & Inclusion™ is a unique collaborative of 2,000 CEOs who have agreed to cultivate workplaces where different points of view are welcome and employees feel encouraged to discuss tough issues at work.    

Murphy said encouraging employees to openly address challenges, present opportunities and share perspectives is a key priority for Cadence Bank, a subsidiary of Cadence Bancorporation.  

“Injustice and racism against our minority communities has plagued our country for far too long,” explained Murphy. “We have an important opportunity to change the outcome for future generations in a positive way by getting diversity, equity and inclusion right in corporate America. CEO Action brings together CEOs with an intentionality to make that change, forging new ways of working from where we stand within our individual organizations.” 

Over the past year, Cadence Bank has taken several steps to better reflect diversity, equity and inclusion priorities in the strategic plans of the financial institution. This includes establishing the Diversity, Equity & Inclusion Advisory Council, a multicultural group of employees, and creating the Chief Diversity Officer position to bring executive-level leadership to this critical area of the business.  

The CEO Action for Diversity & Inclusion™ will help guide additional efforts along with Cadence Bank’s core values: Embrace We, Do Right, Own It and Fresh Thinking. With four pillars to further catalyze conversations and action around diversity, equity and inclusion, the CEO Action for Diversity & Inclusion™ aligns with organizational objectives to make collective and impactful change by:

1. Continuing to cultivate workplaces that support open dialogue on complex – and sometimes difficult – conversations about diversity, equity and inclusion
2. Implementing and expanding unconscious bias education
3. Sharing best known – and even unsuccessful – actions with peers
4. Creating and sharing strategic plans specific to diversity, equity and inclusion with the Cadence Bancorporation board of directors

To read more about the pledge – and to join Murphy in pledging to drive inclusive behavior – visit the CEO Action for Diversity & Inclusion hub. Individuals can make the I Act On pledge to demonstrate their desire to take action in support of making workplaces more inclusive.  

To learn more about Cadence Bank’s commitments to diversity, equity and inclusion, visit cadencebank.com

About Cadence Bank

Cadence Bank is a leading regional banking franchise with $18.7 billion in assets as of December 31, 2020, and 98 branch locations in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas. Backed by 133 years of financial expertise, Cadence provides corporations, middle-market companies, small businesses and consumers with a full range of innovative banking and financial solutions. Services and products include commercial and business banking, treasury management, specialized lending, asset-based lending, commercial real estate, SBA lending, foreign exchange, wealth management, investment and trust services, financial planning, retirement plan management, personal and business insurance, consumer banking, consumer loans, mortgages, home equity lines and loans, and credit cards. Clients have access to leading-edge online and mobile solutions, interactive teller machines, and more than 55,000 ATMs. The Cadence team of 1,900 associates is committed to exceeding customer expectations and helping their clients succeed financially. Cadence Bank, N.A. is a subsidiary of Cadence Bancorporation (NYSE: CADE). For additional information, visit cadencebank.com. Cadence Bank, N.A. Member FDIC. Equal Housing Lender. NMLS#525022.

About CEO Action for Diversity & Inclusion™ 

CEO Action for Diversity & Inclusion™ is the largest CEO-driven business commitment to advance diversity and inclusion within the workplace. Bringing together nearly 2,000 CEOs of America’s leading organizations, the commitment outlines actions that participating companies pledge to take to cultivate a workplace where diverse perspectives and experiences are welcomed and respected, employees feel comfortable and encouraged to discuss diversity and inclusion, and where best known – and unsuccessful – actions can be shared across organizations. Learn more at CEOAction.com and connect with us on Twitter: @CEOAction.

 
Cadence Bank Media Contacts:
Danielle Kernell
713-871-4051 
danielle.kernell@cadencebank.com 

Sheena Cochran
713-871-4072
sheena.cochran@cadencebank.com
 
 



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