Cadence cites pressures in failed merger
by Ted Carter
Published: October 24,2010
Tags: Cadence Bank, John Allison, Ken Cyree, Lewis Mallory Jr., Trustmark
Sept. 20 deadline apparently was dealbreaker As September moved past its mid-point, Cadence Bank executives saw their choices narrowed to this: Get a buyer deal done right away or feel the heat of federal sanctions for failing to meet a Sept. 19 deadline to significantly raise capital reserves. Cadence faced a two-minute drill with no [...]
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