Cadence Bank Drives Community Prosperity with $5 Million Donation to Cadence Bank Foundation Following Sale of Cadence Insurance, Inc. The donation fuels commitment to fostering community growth and supports organizations within Cadence Bank's footprint
HOUSTON and TUPELO, Miss. – January 18, 2024 – Cadence Bank (NYSE: CADE) today announced a $5 million donation to The Cadence Bank Foundation following the sale of its insurance operations, Cadence Insurance, Inc. in 2023. The recent sale allows the company to reinvest the capital into its core banking franchise and fund its transformative initiatives.
This significant donation underscores Cadence Bank’s steadfast commitment to supporting the communities where the company operates. It will help empower recipient organizations to fulfill their missions and contribute to the development of more resilient and vibrant communities.
“At our core, we uphold the principle of doing right by others. Beyond being a financial institution, we are integral members–neighbors, friends and family–of the communities we serve,” said Cadence Bank Chairman and CEO Dan Rollins. “Our investment in the Foundation reflects our deep dedication to contributing to the betterment of our shared worlds, affirming our values through meaningful actions."
The Cadence Bank Foundation is the philanthropic arm of Cadence Bank, dedicated to supporting community initiatives and fostering positive change.
To learn more about Cadence Bank and its community outreach, visit CadenceBank.com.
About Cadence Bank
Cadence Bank (NYSE: CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas. Cadence provides consumers, businesses and corporations with a full range of innovative banking and financial solutions. Services and products include consumer banking, consumer loans, mortgages, home equity lines and loans, credit cards, commercial and business banking, treasury management, specialized lending, asset-based lending, commercial real estate, equipment financing, correspondent banking, SBA lending, foreign exchange, wealth management, investment and trust services, financial planning and retirement plan management. Cadence is committed to a culture of respect, diversity, inclusion and belonging in both its workplace and communities. Cadence Bank, Member FDIC. Equal Housing Lender.