Paul Murphy Transitions to Consultancy Role at Cadence Bank
HOUSTON and TUPELO, Miss., March 31, 2023 – Cadence Bank (NYSE: CADE) today announced Paul B. Murphy Jr. will transition from executive vice chairman and a member of the board of directors to a consultant to the company. In his new role, Murphy will focus on client relationships and talent recruitment and retention.
This move is the next stage in Murphy’s remarkable 42-year banking career. In 2010, just two years after the financial crisis, he successfully raised $1 billion in equity to invest in distressed banks, an accomplishment that reflects his reputation in the industry. The next year, he acquired the legacy Cadence Bank, strengthened it through a combination of acquisitions and organic growth, shepherded it through an IPO, and was instrumental in completing the BancorpSouth/Cadence merger in October 2021.
“I would like to personally thank Paul for his many contributions to our company, and I look forward to continuing to benefit from his perspective, guidance and experience,” said Dan Rollins, chairman and CEO of Cadence Bank. “While Paul’s last day of employment will be April 3, 2023, he will continue to serve as an advisor to me and the rest of the executive team for the next several years.”
Murphy is highly respected for the quality of his leadership within the company, the industry and the Houston community. His emphasis on doing a great job for customers and being a great place to work are touchstones of Cadence Bank’s culture today.
About Cadence Bank
Cadence Bank (NYSE: CADE) is a leading regional banking franchise with approximately $50 billion in assets and about 400 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, retirement plan management, and personal and business insurance. Cadence is committed to a culture of respect, diversity and inclusion in both its workplace and communities. Cadence Bank, Member FDIC. Equal Housing Lender.
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