Merger • Financial Services

Cadence Bank Acquires Central Community

On January 22, 2014, Cadence Bank acquired financial services company Central Community for 210M USD

Acquisition Context
  • This is Cadence Bank’s 2nd transaction in the Financial Services sector.
  • This is Cadence Bank’s largest (disclosed) transaction.
  • This is Cadence Bank’s 6th transaction in the United States.
  • This is Cadence Bank’s 1st transaction in Texas.

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M&A Deal Summary

Date January 22, 2014
Target Central Community
Sector Financial Services
Buyer(s) Cadence Bank
Deal Type Merger
Deal Value 210M USD
Advisor(s) Commerce Street Capital (Financial)
Fenimore, Kay, Harrison & Ford (Legal)

Target Company

Central Community

Temple, Texas, United States
Central Community Corporation is the parent company of First State Bank Central Texas. First State Bank operates 31 full-service banking offices; eleven (11) in the Austin - Round Rock, Texas area, eleven (11) in the Killeen - Temple - Fort Hood, Texas area, two (2) in Marble Falls, Texas, and seven (7) in various other communities in central 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 6 of 18
Sector: Financial Services 2 of 11
Type: Merger 3 of 8
State: Texas 1 of 7
Country: United States 6 of 18
Year: 2014 2 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-08 Ouachita Bancshares

Monroe, Louisiana, United States

Ouachita Bancshares Corp. has 12 full-service banking offices in Louisiana, with six in Monroe-West Monroe, four in Shreveport-Bossier City and two in Bastrop. It also has loan production offices in Madison, Miss., and Natchitoches, La.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-19 Waguespack & Associates Insurance - Commercial and Personal Lines Insurance

Gonzales, Louisiana, United States

Waguespack & Associates Insurance, Inc. - Commercial and Personal Lines Insurance is a provider of financial services in US.

Buy -