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The merger was completed on October 1, 2018, and folds in seven open full-service banking offices as well as two not-yet-opened full-service banking offices into BancorpSouth's footprint. [12] In November 2018, the bank acquired Casey Bancorp, Inc. of Grand Prairie, Texas, and its wholly owned subsidiary, Grand Bank of Texas.
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.
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Americans already do most of their banking online — at least 7 out of 10 U.S. households are enrolled in digital banking, according to a survey on digital financial literacy, with 95% of those ...
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Tide (Tide Platform Limited) is a UK financial technology company providing mobile-first banking services for small and medium-sized enterprises. It enables businesses to set up a current account and get instant access to various financial services (including automated bookkeeping and integrated invoicing).
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