Cadence Bank - M&A Summary and Business Overview

Financial ServicesCompany

Cadence Bank M&A Summary

Cadence Bank has acquired 16 companies, including 7 in the last 5 years. It has also divested 1 asset.

Cadence Bank’s largest acquisition to date was in 2014, when it acquired Central Community for $210M. It’s largest disclosed sale occurred in 2023, when it sold Cadence Insurance to Arthur J. Gallagher for $749M. Cadence Bank has acquired in 6 different US states. The Company’s most targeted sectors include financial services (63%) and insurance (38%).

Cadence Bank Business Overview

Where is Cadence Bank headquartered?

Cadence Bank is headquartered in Tupelo, Mississippi.

What is Cadence Bank’s revenue?

Cadence Bank disclosed revenue of 1,235M USD for 2023 and 1,694M USD for 2022.

How many employees does Cadence Bank have?

Cadence Bank has 5,322 employees.

What sector is Cadence Bank in?

Cadence Bank is a financial services company.

When was Cadence Bank founded?

Cadence Bank was founded in 1876.

M&A Summary

  • M&A Total Activity17
    • M&A Buy Activity16
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 3

Cadence Bank

Cadence Bank

One Mississippi Plaza 201, South Spring Street,
Tupelo, Mississippi 38804
United States,
(662) 680-2000
www.cadencebank.com

Cadence Bank provides commercial banking and financial services. Cadence Bank was formed in 1876 and is based in Tupelo, Mississippi.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 12 2 2 - - - 16
vol $404M $33M $108M $546M
Sell (0.2/yr) # - - - - 1 - 1
vol $749M $749M
  17

Most Recent M&A

Company Date Value Type
Cadence Insurance, Inc. 2023-10-24 749M USD Divestiture
Tupelo, Mississippi
Cadence Bancorporation 2021-10-29 - Merger
Houston, Texas · www.cadencebancorporation.com
FNS Bancshares, Inc. 2021-01-13 108M USD Merger
Scottsboro, Alabama · www.fnsbancshares.com
National United Bancshares, Inc. 2020-12-02 33M USD Add-on Acquisition
Gatesville, Texas
Alexander & Sanders Insurance Agency, Inc. 2020-10-08 - Add-on Acquisition
Baton Rouge, Louisiana · www.alexsand.com
Texas First Bancshares, Inc. 2019-09-23 - Add-on Acquisition
Waco, Texas · www.mytexasbank.com
Summit Financial Enterprises, Inc. 2019-03-05 108M USD Add-on Acquisition
Panama City, Florida · www.summit.bank
Van Alstyne Financial Corporation 2019-03-05 87M USD Add-on Acquisition
Van Alstyne, Texas · www.texasstarbank.com
Merchants Bank 2018-11-13 - Merger
Jackson, Alabama · www.merchantsbk.com
Grand Bank of Texas 2018-11-13 - Merger
Dallas, Texas · www.grandbankoftexas.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 10 (63%) 546M (100%) - -
Insurance 6 (38%) - 1 (100%) 749M (100%)
Total 16 $546M 1 $749M

By Geo

State/Country Buy Value Sell Value
United States 16 546M 1 749M
  Texas 6 330M - -
  Louisiana 4 - - -
  Mississippi 2 - 1 749M
  Alabama 2 108M - -
  Florida 1 108M - -
  Arkansas 1 - - -
Total 16 $546M 1 $749M

Top M&A Advisors

Legal Deals
Alston & Bird
7
Waller
5
Bracewell
2

Deal Values

buy # Total
$100M to $1B 3 $426M
< $100M 2 $120M
TOTAL $546M
Largest Central Community Corp.
$210M (2014-01-22)
sell # Total
$100M to $1B 1 $749M
TOTAL $749M
Largest Cadence Insurance, Inc.
$749M (2023-10-24)

M&A Connections

Deals
Acquired from
Strategic(s)
6%
1 (6%)
Divested to
Strategic(s)
100%
1 (100%)

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