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In 2010, Murphy, along with a group of investors, raised $1 billion to acquire Cadence Bank and other small banks such as Encore Bank in Houston and Superior Bank, which lead to the formation of Cadence Bancorporation. [3] [10] He served as the chairman and CEO of Cadence Bank until its merger with BancorpSouth Bank in October 2021.
Cadence Bank was founded as the First National Bank of Aberdeen, on April 30, 1887.In 1972, it changed its name to the First National Bank of Monroe County in 1972. In March 1974, it merged with Peoples Bank in Starkville, Mississippi, becoming the National Bank of Mississippi in May of that year.
Cadence Bank is a commercial bank ... First United Bancshares was acquired for $455 million in a tax-free exchange of stock where BancorpSouth gave 1.125 shares of ...
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Benefits of online and digital banking. Higher rates and lower fees. Online banks save a bundle without operating branch locations, and these savings translate into stronger annual percentage ...
Cadence Bank Arena, formerly Tupelo Coliseum, BancorpSouth Center and BancorpSouth Arena is a 10,000-seat multi-purpose arena, near downtown Tupelo, Mississippi, named for the locally based Cadence Bank, a large multi-state commercial banking company.