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Merger • Financial Services

Cadence Bank Acquires Cadence Bancorporation

On October 29, 2021, Cadence Bank acquired financial services company Cadence Bancorporation

Acquisition Context
  • This is Cadence Bank’s 10th transaction in the Financial Services sector.
  • This is Cadence Bank’s 16th transaction in the United States.
  • This is Cadence Bank’s 6th transaction in Texas.

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M&A Deal Summary
Date October 29, 2021
Target Cadence Bancorporation
Sector Financial Services
Buyer(s) Cadence Bank
Deal Type Merger

Target Company

Cadence Bancorporation

Houston, Texas, United States
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.
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Buyer Overview 1

Buyer

Cadence Bank

Tupelo, Mississippi, United States
Category Company
Founded 1876
Sector Financial Services
Revenue 1.8B USD (2024)
DESCRIPTION

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

Deal Context for Buyer #
Overall 16 of 18
Sector: Financial Services 10 of 11
Type: Merger 7 of 8
State: Texas 6 of 7
Country: United States 16 of 18
Year: 2021 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-13 FNB Bank

Scottsboro, Alabama, United States

FNS operates 17 full-service banking offices in Alabama, Georgia and Tennessee. The merger will expand BancorpSouth's presence in Jackson, DeKalb and Marshall counties in Alabama and the Chattanooga, Tennessee-Georgia and Nashville-Davidson-Murfreesboro-Franklin, Tennessee metropolitan statistical areas.

Buy $108M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-24 Cadence Insurance

Tupelo, Mississippi, United States

Cadence Insurance offers a full suite of commercial property/casualty, employee benefits and personal lines products to clients from 34 offices spanning 9 different states across the Southeast, including Texas. Cadence Insurance is based in Tupelo, Mississippi.

Sell $749M

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