Merger • Financial Services

Cadence Bancorporation Acquires State Bank Financial

On January 2, 2019, Cadence Bancorporation acquired financial services company State Bank Financial

Acquisition Context
  • This is Cadence Bancorporation’s 1st transaction in the Financial Services sector.
  • This is Cadence Bancorporation’s 1st transaction in the United States.
  • This is Cadence Bancorporation’s 1st transaction in Georgia.

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M&A Deal Summary

Date January 2, 2019
Target State Bank Financial
Sector Financial Services
Buyer(s) Cadence Bancorporation
Deal Type Merger

Target Company

State Bank Financial

Atlanta, Georgia, United States
State Bank Financial Corp. is a provider of financial services. State Bank Financial was founded in 2005 and is based in Atlanta, Georgia.
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Buyer Overview 1

Buyer

Cadence Bancorporation

Houston, Texas, United States

Category Company
Founded 1885
Sector Financial Services
Employees1,800
Revenue 924M USD (2020)
DESCRIPTION

Cadence Bancorporation is a bank holding company established to acquire and operate failed or distressed U.S. banks. Cadence Bancorporation provides consumers, small and middle-market businesses, and commercial clients with a full range of innovative banking and financial solutions, and serves as a sound source of capital for leading companies. Cadence Bancorporation was founded in 1885 and is based in Houston, Texas.


Deal Context for Buyer #
Overall 1 of 2
Sector: Financial Services 1 of 1
Type: Merger 1 of 1
State: Georgia 1 of 1
Country: United States 1 of 2
Year: 2019 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-02 Cadence Bank - Seven Branches

Houston, Texas, United States

Cadence Bank branches provide corporations, middle-market companies, small businesses, and consumers with a full range of innovative banking and financial solutions.

Sell -