Cadence Bank

Cadence Bank products reviews

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More info of Cadence Bank

Cadence Bank is the result of the merger between the former Cadence Bank and BancorpSouth Bank and has a dual headquarters between Houston (Texas) and Tupelo (Mississippi).

Currently, it has more than 6,000 employees in its more than 400 branches in the states of Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Missouri, Tennessee, Texas and Illinois.

In terms of services, you will find personal, commercial and business solutions. In this extensive list, you have at your disposal:

• Mortgages
• Trusts
• Treasury management
• Online and mobile banking
• Wealth management
• Debit/Credit Cards
• Personal and SME lending

Pre-merger history of Cadence Bank

Founded in 1889 as the National Bank of Commerce of Starkville (MS). Faced with the FDIC's demand on its capital, Cadence Bank was acquired in 2010 by Community Bancorp LLC of Houston, but they decided to use the former's name.

Eight months later, Cadence merged with the failed Superior Bank, which had 73 branches in the Birmingham area. These assets came to complement Cadance's 38 branches in AL, FL, GA, MS and TN. Between 2014 and 2015 they closed 25 branches to bring their assets to $8 billion and in 2017 they went public (CADE).

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During these years of regrouping and consolidation, this banking entity had a couple more mergers worth mentioning: Encore Bank (2012) and State Bank (2019).

The latter purchase came in the year they moved their headquarters to Atlanta. In April 2021, Cadence Bancorporation announced its merger with BancorpSouth, another renowned institution.

Cadence Bank is recognized for its personalized service, support of business growth and development of the communities in which it operates.

History of BancorpSouth Bank

Many banking institutions in the United States took their first steps in the midst of the industrial revolution. Such was the case of BancorpSouth, which was born in 1876 in a hardware store in Verona (MI). From those humble beginnings to today, things look very different and it is worthwhile to recapitulate its history:

• 1876. Raymond Trice & Company's journey as a banking institution begins.
• 1886. The company moves to Tupelo, taking the name Bank of Lee County. This name would change to Bank of Tupelo.
• 1966. After expanding its operations beyond Lee County, it is renamed Bank of Mississippi.
• 1987. Mergers begin, this time with First Mississippi National Bank, achieving a greater presence in this southern state.
• 1992. When the Interstate Banking Act was enacted, the institution took advantage of the situation to acquire the Volunteer Bank of Jackson and enter Tennessee.
• 1997. Continuing its development process, the Bank of Mississippi becomes BancorpSouth.
• 1999. In order to secure its future, this new entity decides to enter the insurance business by purchasing Stewart, Sneed, Hewes Insurance, Mississippi's largest independent insurer.
• 2000. Another merger with First United Bancshares arrives, reaching $9 billion in assets, entering the top 100 and expanding its footprint in Arkansas, Louisiana and Texas.
• 2016. This stage meant further expansion and presence in Arkansas, Louisiana, Missouri, Tennessee and Texas.
• 2020. After reaching $20 billion in assets, they join the CEO Action for Diversity and Inclusion, ratifying their commitment to workforce diversity.

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