Type | Private |
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Industry | Finance, Financial Services |
Predecessor | National Bank of Commerce (Mississippi) |
Founded | 1887 [1] |
Headquarters | Birmingham, Alabama, USA |
Products | deposit products, loans, mortgages, trust, wealth management, cash management services, credit cards, online banking |
Parent | Community Bancorp LLC |
Website | cadencebanking.com |
Cadence Bank, N.A. (Member Federal Deposit Insurance Corporation), a bank holding company, is the principal subsidiary of Cadence Financial Corporation. Cadence Financial Corporation is now the principal subsidiary of Community Bancorp LLC (CBC). Cadence Financial Corporation is headquartered in Starkville, Mississippi. A former member of the NASDAQ Global Select Market, they provide deposit products, loans, trust and wealth management services. Cadence Bank, N.A. has locations across the Southeast, which includes Mississippi, Alabama, Tennessee, Georgia and Florida.
On December 9, 2010, Cadence Financial Corporation's shareholders approved the sale of the company to CBC. Cadence Financial Corporation, which includes Cadence Bank, N.A., will become the principal subsidiary of CBC. Upon completion of the acquisition, Cadence Financial Corporation will no longer be a member of NASDAQ Global Select Market, and become a private bank holding company under CBC. [2]
On March 5, 2011, Cadence Financial Corporation became the principal subsidiary of CBC. In October 2011 Cadence Bank purchase local based Superior Bank N.A. adding it's first Mortgage lending division.