M&A Deal Summary

Cadence Bank Acquires Waguespack & Associates Insurance - Commercial and Personal Lines Insurance

On December 19, 2016, Cadence Bank acquired insurance company Waguespack & Associates Insurance - Commercial and Personal Lines Insurance from Waguespack & Associates Insurance

Acquisition Highlights
  • This is Cadence Bank’s 5th transaction in the Insurance sector.
  • This is Cadence Bank’s 7th transaction in the United States.
  • This is Cadence Bank’s 3rd transaction in Louisiana.

M&A Deal Summary

Date 2016-12-19
Target Waguespack & Associates Insurance - Commercial and Personal Lines Insurance
Sector Insurance
Buyer(s) Cadence Bank
Sellers(s) Waguespack & Associates Insurance
Deal Type Divestiture

Target

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.

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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 7 of 16
Sector (Insurance) 5 of 6
Type (Divestiture) 1 of 1
State (Louisiana) 3 of 4
Country (United States) 7 of 16
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-22 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.

Buy $210M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-13 Merchants Bank

Jackson, Alabama, United States

Merchants Bank is a traditional, but progressive, locally owned institution serving the people of Clarke, Washington, Mobile, and surrounding counties. Merchants Bank opened its doors to its downtown Jackson location in 1962. Merchants Bank had a modest beginning with a staff of only three officers, five employees, and assets of $400,000.00.

Buy -

Seller(S) 1

SELLER

Waguespack & Associates Insurance

Gonzales, Louisiana, United States

Category Company
Sector Insurance
DESCRIPTION

Waguespack & Associates Insurance, Inc. is an Independent Agency that handles all types of commercial and personal insurance.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1