Starkville regional bank poised to go private by end of first quarter Soon-to-go-private Cadence Bank of Starkville has decided to march to a different drummer in this year’s parade of fourth quarter earnings reports. Cadence, which will soon come under the private ownership of Houston banking investment group Community Bancorp LLC, says it will release [...] [...]
Heritage, Cadence get the lowest grades Five-star ratings are plentiful among Mississippi’s community banks in Bauer Financial’s third quarter ratings released last Tuesday, though a handful of weak links remain: zero-rated Heritage Banking Group of Carthage, one-star rated Cadence Bank in Starkville and two-star institutions Peoples Bank of the South in Bude and OmniBank in [...] [...]
Vote cleared the way for a first quarter acquisition by Houston banking investment group Community Bancorp Shareholders of Cadence Financial Corp., parent of Cadence Bank, agreed to a buyout last Thursday that takes the banking company private and pays them $2.50 in cash per Cadence common share. The shareholder vote in Starkville marked a key [...] [...]
SEC filing gives shareholders details on process for selecting merger partner With the clock ticking down to a Dec. 9 Cadence Bank shareholder vote on an acquisition of the bank, Cadence has tentatively settled an investor lawsuit that claimed that the merger terms are tilted to benefit Cadence executives and board members at the expense [...] [...]
SEC filing gives shareholders details on process for selecting merger partner. NEW YORK — With the clocking ticking down to a Dec. 9 Cadence Bank shareholder vote on an acquisition of the bank, Cadence has tentatively settled an investor lawsuit that claimed that the merger terms are tilted to benefit Cadence executives and board members [...] [...]
Investor suit alleges merger terms designed to benefit Cadence execs, board more than shareholders Cadence Bank shareholders have until Dec. 9 to dissect terms of a pending acquisition of the regional bank and gauge claims in an investor lawsuit that the deal is tilted to benefit Cadence executives and board members at their expense. Shareholders [...] [...]
Mergers and Acquisitions attorneys need broad skill set Successful attorneys practicing in the area of mergers and acquisitions need a broad skill set, not all of which are taught in law school. An understanding of the business side of the deal is just as important as the legal end, attorneys say. The current lawsuit filed [...] [...]
STARKVILLE — Stockholders of Cadence Financial Corp., the parent of Cadence Bank, will meet Dec. 9 in Starkville to consider a buyout by a private Houston, Texas-based investment firm. The Commercial Dispatch reports a proxy statement and ballot approved by the Securities and Exchange Commission was issued to shareholders this week. Cadence agreed to the [...] [...]
STARKVILLE — Cadence Bank and its officers have been accused in a lawsuit filed in New York State Supreme Court of misleading investors about the financial institution’s sale. The Columbus Commercial Dispatch reports that the lawsuit was filed by RSD Capital in New York because Cadence’s stock is traded on the Nasdaq stock exchange. No [...] [...]
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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