M&A Deal Summary

Cadence Bank Acquires Alexander & Sanders Insurance Agency

On October 8, 2020, Cadence Bank acquired insurance company Alexander & Sanders Insurance Agency

Acquisition Highlights
  • This is Cadence Bank’s 6th transaction in the Insurance sector.
  • This is Cadence Bank’s 13th transaction in the United States.
  • This is Cadence Bank’s 4th transaction in Louisiana.

M&A Deal Summary
Date 2020-10-08
Target Alexander & Sanders Insurance Agency
Sector Insurance
Buyer(s) Cadence Bank
Deal Type Add-on Acquisition

Target

Alexander & Sanders Insurance Agency

Baton Rouge, Louisiana, United States
Alexander & Sanders Insurance Agency, Inc. provides risk management and insurance services to professional firms. Alexander & Sanders Insurance Agency was founded in 1958 and is based in Baton Rouge, Louisiana.

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Buyer(S) 1

Buyer

Cadence Bank

Tupelo, Mississippi, United States
Category Company
Founded 1876
Sector Financial Services
Employees5,322
Revenue 1.2B USD (2023)
DESCRIPTION

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

DEAL STATS #
Overall 13 of 16
Sector (Insurance) 6 of 6
Type (Add-on Acquisition) 7 of 8
State (Louisiana) 4 of 4
Country (United States) 13 of 16
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-23 Texas First Bancshares

Waco, Texas, United States

Texas First Bancshares, Inc. operates six full-service banking offices in the Waco, Texas and Killeen-Temple, Texas metropolitan statistical areas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-02 National United Bancshares

Gatesville, Texas, United States

National United Bancshares, Inc. is a provider of financial services and operates six full-service banking offices in the Killeen-Temple, Texas; Waco, Texas; and Austin-Round Rock-Georgetown, Texas metropolitan statistical areas. National United Bancshares was founded in 1889 and is based in Gatesville, Texas.

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