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In April 2021, BancorpSouth Bank entered into a merger agreement with Cadence Bancorporation, with the merged entity using the Cadence Bank name. [21] The merger was completed on October 29, 2021. In October 2023, Cadence Bank sold its insurance subsidiary, Cadence Insurance to Arthur J. Gallagher & Co. for $904 million. [22]
Oct. 29—One of Chattanooga's fastest growing regional banks is taking on a new name as part of a merger of two Southern banks. BancorpSouth, which has grown into the 15th biggest bank among the ...
In July 2012, it acquired Encore Bank. [1] [9] [10] In January 2019, the company acquired State Bank. [11] [12] [13] It also moved its headquarters to Atlanta. [8] In April 2021, Cadence Bancorporation entered into a merger agreement with BancorpSouth Bank; the merged entity uses the Cadence Bank name. [14]
[3] [10] He served as the chairman and CEO of Cadence Bank until its merger with BancorpSouth Bank in October 2021. [11] [12] [13] During his tenure, the assets of the bank reached $18 billion and it was successfully listed on the New York Stock Exchange in 2017. As part of the merger, Murphy transitioned to the role of executive vice chairman ...
Federal Deposit Insurance Corporation gives the green light to BancorpSouth Bank (BXS) for completion of the proposed mergers with Van Alstyne Financial Corporation and Summit Financial Enterprises.
Date. Acquiring bank. Acquired bank. Purchase price. Sept. 30, 1998. Bank of America. NationsBank. $62 billion. July 1, 2004. J.P. Morgan Chase. Bank One. $58 billion
With BancorpSouth announcing plans to purchase Cadence Bank and later rename the combined bank to "Cadence Bancorp" and operate under the Cadence Bank name, should we keep both pages or combine them and use one If keeping both, I suppose BancorpSouth would be the page for the holding company while Cadence Bank will remain the subsidiary bank's ...
BancorpSouth (BXS) continues to undertake strategic acquisitions on the back of its strong balance sheet position with a view to fortify its footprint in various areas.