Cadence announces merger with State Bank Financial Corp.
Cadence Bancorporation is merging with State Bank Financial Corporation in a deal valued at roughly $1.4 billion.
Cadence goes public
After six years as a privately-held company, Cadence is again publicly traded, going live on the New York Stock Exchange Thursday.
$3M SPD financing package up for discussion
Shortly after approving a $2.7 million-maximum bond package last month for street, drainage and other infrastructure projects, Starkville aldermen could begin a process Tuesday of authorizing up to $3 million for improvements to Starkville Police Department’s headquarters.
Starkville aldermen say ‘No deal’ to Cadence Bank
Starkville aldermen ended months of speculation surrounding a potential purchase of Cadence Bank’s Main Street property Tuesday by shifting their attention to renovating City Hall for Starkville Police Department’s permanent home.
Lynn Spruill: Cadence building a white elephant for Starkville taxpayers
The Starkville Board of Aldermen has slowed down the Cadence train, but it remains on the tracks despite all the evidence that it should be derailed.
Our View: More questions than answers on Cadence building for SPD
By fits and starts, the city of Starkville is proceeding with its plans to purchase the Cadence Bank Building.
Starkville listing City Hall, lagoon for sale Jan. 1
Starkville aldermen approved a series of orders Tuesday that will position the city to proceed with a $2.55 million-maximum purchase of Cadence Bank’s Main Street branch next year.
Aldermen tap T.E. Lott for Cadence due diligence studies
Starkville aldermen greenlit Golden Triangle accounting firm T.E. Lott and Company to perform due diligence studies on Cadence Bank’s Main Street location.
Aldermen override Perkins on Cadence acquisition
An effort led by Vice Mayor Roy A. Perkins to execute a purchase contract for Cadence Bank’s Main Street branch was delayed by his fellow board members Tuesday after other aldermen said proper due diligence studies, including cost projections for renovations and a proper site inspection, were needed before the city formally acquires the property.
Cadence Bank purchase contract on Starkville agenda
Starkville aldermen are expected to address a purchase contract for Cadence Bank on Tuesday, but the city’s progress toward a possible transaction is unknown after staff members were only recently authorized to pursue the property.
Cadence wants $2.55M from Starkville for Main Street property
Starkville aldermen approved a non-binding letter of intent Tuesday to begin purchase negotiations with Cadence Bank for its $2.55 million Jackson Street location.
Community Bancorp, Cadence’s new owner, acquires second bank
The Houston-based holding company that acquired Starkville-based Cadence Bank last year has assumed control of a Birmingham, Ala.-based bank closed Friday by the FDIC.
Houston company completes Cadence Bank deal
A Houston company that invests in community banks has completed its $30 million buyout of Starkville-based Cadence Financial Corp. and invested $144 million in Cadence Bank, the companies said today.
Cadence CEO Mallory resigns
Lewis Mallory Jr., chairman and CEO of Cadence Bank, plans to retire from the company after the sale of the bank to a private equity firm is completed, the company said in a release.
Cadence CEO: No ‘golden parachutes’ in buyout deal
Shareholders of Cadence Financial Corp. Thursday approved the acquisition of the company by Texas-based Community Bancorp, in a deal that Cadence’s CEO said didn’t “provide any payout” to him or other executives.
Cadence settles class-action suit brought by shareholders
Cadence Financial Corp. has tentatively settled a lawsuit accusing the directors of the Starkville-based bank of misleading shareholders for personal profit.
Cadence narrows loss in third quarter to $7.5 million
Cadence Financial Corp., parent of Cadence Bank, has reported a net loss of $7.5 million, or 63 cents per share, for the third quarter ended Sept. 30.
Community Bancorp announces it’s raised $1 billion to acquire banks
Community Bancorp LLC, a Houston, Texas-based bank holding company established to acquire, stabilize and operate failed or distressed U.S. banks, announced today that it has completed its capital raise and now has committed equity capital in the amount of $1 billion.
Cadence calls shareholder meeting to approve buyout
Cadence Financial Corp. has set what may be the final shareholder’s meeting in the bank’s 125-year history, with shareholders expected to sell their stock to a private Houston-based investment firm.
Trustmark: Cadence deal, though failed, can be primer for other banks
Trustmark Corp. believes its attempt to acquire Cadence Bank – even though it failed – can serve as a blueprint for other banks seeking to buy distressed institutions not yet under Federal Deposit Insurance Corporation control.