Cadence Financial Corporation Ipo

Cadence financial corporation ipo

Type

Public company
Traded asNYSE: CADE
Russell 2000 Index component
IndustryBanking
Founded2009; 11 years ago (2009)
HeadquartersAtlanta, Georgia, United States (Corporate)
Concord Center
Birmingham, Alabama (Executive & Operational)

Key people

Paul B.

Cadence financial corporation ipo

Murphy, Jr. Chairman
Sam Tortorici, CEO
Valerie Toalson, CFO
Hank Holmes, President

Revenue$607.3 million (2018)

Net income

$166.3 million (2018)
Total assets$17.9 billion (September 30, 2019)
Total equity$1.4 billion (2018)

Number of employees

1,800 (2018)
Websitecadencebank.com
Footnotes / references
[1][2]

Cadence Bank is a US-based bank with 98 branches in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas.

The bank is based in Atlanta, with executive and operations headquarters in Birmingham, Alabama.

Cadence financial corporation ipo

It is the primary subsidiary of Houston, Texas based Cadence Bancorporation, a bank holding company.[1]

The bank owns the naming rights to the Cadence Bank Amphitheatre in Atlanta.

History

The bank was formed in 2009 as Community Bancorp LLC by banking industry veterans.

Cadence financial corporation ipo

In 2010, it secured $1.0 billion of capital commitments.[1]

In March 2011, it acquired Cadence Bank of Starkville, Mississippi.[1]

In April 2011, it acquired Superior Bancorp of Birmingham, Alabama in a transaction facilitated by the Federal Deposit Insurance Corporation after Superior Bank suffered from bank failure.[3]

In November 2011, the bank moved its headquarters from Starkville, Mississippi to Birmingham, Alabama.[4]

In July 2012, it acquired Encore Bank.[1][5][6]

In January 2019, the company acquired State Bank.[7][8][9] It also moved its headquarters to Atlanta.[4]

References

  1. ^ abcde"Cadence Bank Annual Report 2018".
  2. ^"Cadence Bancorporation 1Q 2019 Financial Results".
  3. ^"Failed Bank Information: Information for Superior Bank, Birmingham, AL".

    Federal Deposit Insurance Corporation.

  4. ^ ab"FDIC: Atlantic Cadence Bank".

    Capital Raising Process (Underwriting)

    Federal Deposit Insurance Corporation.

  5. ^"Cadence Bancorp, LLC Closes Acquisition of Encore Bancshares, Inc" (Press release). Business Wire.

    Stock option trading platformc uk

    July 2, 2012.

  6. ^Cole, Antrenise (September 17, 2012). "Cadence Bank completes conversion with Encore Bank". American City Business Journals.
  7. ^"Cadence Bancorporation Announces Completion of Merger with State Bank Financial Corporation" (Press release).

    Cadence financial corporation ipo

    Business Wire. January 2, 2019.

  8. ^Thornton, William (January 2, 2019).

    Cadence financial corporation ipo

    "Cadence Bank merger complete". The Birmingham News.

  9. ^"Savannah: State Bank branches become Cadence Bank".

    What stock is paying the best put option price

    Savannah Morning News. February 19, 2019.

External links

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