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Cadence Bank Donates to Equal Justice Initiative to Fight Racial Discrimination and Inequality

HOUSTON, February 25, 2021 – Cadence Bank, a subsidiary of Cadence Bancorporation (NYSE: CADE), today announced a $20,000 contribution to the Equal Justice Initiative (EJI) addressing social and racial injustice. 

This contribution will help support EJI’s efforts to end mass incarceration and excessive punishment in the United States, challenge racial and economic injustice, and protect the basic human rights for the most vulnerable people in American society.

According to EJI, the U.S. incarcerates its citizens more than any other country, and each year the U.S. loses $87 billion in GDP as a result. Mass incarceration disproportionately impacts the poor and people of color and does not reduce violent crime1. EJI is working to end the country’s reliance on over-incarceration. 

“We must assist the organizations that help move the needle forward to a fair, inclusive and equitable society,” said Myra Caldwell, chief diversity officer at Cadence Bank. “Supporting EJI’s work with communities that have been marginalized by poverty or discouraged by unequal treatment is a great step. In doing so, we can help break the economic growth cycle that is disrupted by mass incarceration, which makes it challenging for individuals, and often their families, to become financially empowered, engaged in new business enterprises or on a path to asset ownership.”

We are continuously looking for ways promote change that makes a profound impact in the communities we serve, and our involvement with EJI is a great step.

Visit cadencebank.com to learn more about Cadence Bank’s Diversity, Equity & Inclusion program. 

1Don Stemen, The Prison Paradox: More Incarceration Will Not Make Us Safer (July 2017).

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.

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Media Contacts:
Danielle Kernell
Cadence Bank
713-871-4051 direct | 713-392-7709 mobile
danielle.kernell@cadencebank.com 

Sheena Cochran
Cadence Bank
713-871-4072 direct | 281-740-4366 mobile
sheena.cochran@cadencebank.com 
 



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