Editorial: Cadence deal with Texas firm benefits Golden Triangle
Cadence’s about-face on Wednesday, agreeing to be scooped up by a private investment firm one week after it had already agreed to be bought by Trustmark, is a positive outcome for the Starkville and Columbus communities.
Editorial: Cadence deal with Texas firm benefits Golden Triangle
Cadence’s about-face on Wednesday, agreeing to be scooped up by a private investment firm one week after it had already agreed to be bought by Trustmark, is a positive outcome for the Starkville and Columbus communities.
Cadence execs come along with buyout deal
The pending sale of Cadence Bank to Community Bancorp will result in the retention of the Cadence name, local bank branches and jobs, but the same executives who have come under fire recently for the downfall of the company appear to be on track to keep their positions.
Trustmark president: Bank got $2 million to walk away from Cadence deal
Jerry Host, president and chief operating officer of Trustmark National Bank, said this afternoon he didn’t know why Cadence Bank canceled a deal between the two for Trustmark to acquire Cadence.
Cadence press release: Q&A about Community Bancorp sale
Frequently asked questions distributed by Cadence to the media Wednesday.
Cadence drops Trustmark bid, agrees to sell to Texas firm
In a turn of events that shocked the local banking community this morning, Cadence Financial Corp. announced that it was dumping its previous buyout offer from Jackson-based Trustmark and agreed to be acquired by Community Bancorp LLC, a Houston-based company formed to invest in community banks.
Goodbye, Cadence
Many of us can still remember when all the banks in town were either locally owned or closely held — National Bank of Commerce, First Columbus National Bank, Merchants and Farmers among them.
Cadence CEO concedes bank was over-exposed to development loans, but defends strategy
Tuesday afternoon, Dispatch publisher Birney Imes sat down with Cadence Bank CEO Lewis Mallory to talk about the recent purchase of the bank by Trustmark National Bank of Jackson.
Trustmark: Some Cadence jobs will ‘go away,’ branches will consolidate
The pending sale of Starkville-based Cadence Bank to Trustmark National Bank could lead to the consolidation of local branches and staff, but a decision on those changes won’t be made until the sale is finalized early next year, a Trustmark bank executive said Thursday.
Trustmark to buy Cadence Bank
Trustmark National Bank is buying Starkville-based Cadence Bank in a $53.8 million deal that will give it a powerful presence in the Golden Triangle, but leaves uncertainty for many employed in Cadence’s Starkville and Columbus operations.
With deadline passed, Cadence quiet about future
Cadence Bank officials are keeping mum on the future of the company this week, just days after a deadline passed for the bank to meet federal capital standards.
Cadence reports $1.6 million loss in second quarter
Savings through cutting costs and an improving loan portfolio helped Starkville-based Cadence Financial Corp. report a healthier second quarter compared to last year, but the bank holding company still posted a net loss for the period.
Cadence Financial elects directors, ups shares
Cadence Financial Corp. said Tuesday that shareholders elected 12 company directors and voted to increase the number of company shares.
Press release: Cadence Bank plans to raise $80M in stock offering
Cadence Financial Corporation today announced that it has filed an S-1 Registration Statement with the Securities and Exchange Commission for the offering of up to $80 million of its common stock.
Cadence Bank reports loss for quarter, but smaller than last year
Cadence Financial Corp. lost money in the first quarter of the year, but significantly less than it did in the same period last year.
Bank robber nabbed after heist at Cadence Bank in Aberdeen
David Broyles, 33, of Prairie, is in custody in the Monroe County Jail after robbing Cadence Bank on Highway 45 in Aberdeen Friday morning.
Cadence Bank laying off local workers
Cadence Bank could layoff as many as nine employees from its 11 Golden Triangle branches, a company spokesman said today.