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Cadence Bank Announces Customer and Community Relief Efforts in Response to Monroe County Tornado

STARKVILLE, MISS. (April 18, 2019) – Cadence Bank today announced customer and community relief efforts for those impacted by the tornado that struck Monroe County on Saturday.

 

Jerry Toney, Mississippi president for Cadence Bank, commented: “Our thoughts are with those who have been impacted by the tornado. As many in Monroe County continue to deal with the devastating effects of this tornado, we want to offer immediate assistance to our clients and community as they begin to rebuild.”

 

Cadence is committed to being a source of strength in the recovery process. Tornado assistance efforts include the following1:

  • Waiver of CD withdrawal penalties for customers in the impacted county
  • Waiver of late fees for mortgage, business banking and auto loans for customers in the impacted county, as needed
  • Restructure of payments on loans for impacted borrowers, as needed2
  • Commitment of resources and community service by Cadence and its employees throughout the recovery efforts

 

In addition, Cadence will offer special financing on auto loans and home improvement loans with expedited decisions for residents in affected areas. Impacted Monroe County small businesses with less than $1 million in annual revenue will be eligible for special rates on unsecured term loans and revolving lines of credit up to $25,000, with expedited decisions.2

 

Visit cadencebank.com to find the nearest Cadence Bank branch.

 

1 Timing and terms of programs may vary. Refer to cadencebank.com for ongoing updates.

2 © 2017 Cadence Bank. Cadence Bank, N.A. Member FDIC Equal Housing Lender NMLS#525022. All loans are subject to credit approval; terms, conditions, underwriting, and documentation requirements; and limitations on the amount of the loan that are based upon the ratio of your total debt obligation to amount of income available to repay your debt (debt to income ratio).

 

About Cadence Bank

 

Cadence Bank is a regional bank with $17.6 billion in total pro forma assets for the combined Cadence Bancorporation and State Bank Financial Corporation as of December 31, 2018, and 98 branch locations in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas. Backed by 131 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, 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 1,800 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.

 

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Media Contacts:

Danielle Kernell

713-871-4051 direct | 713-392-7709 mobile

danielle.kernell@cadencebank.com

 

Donna Rupp

662-324-4744 | 662-324-1890 mobile

donna.rupp@cadencebank.com




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