Posts Tagged ‘Cadence National Bank’

No regrets from suddenly profitable Cadence Bank

by Published: August 28,2011

Tags: Cadence, Cadence National Bank, STARKVILLE

Relief and optimism have replaced last summer’s struggle for survival for Starkville’s Cadence National Bank. The new lease on life for the multi-state regional bank came courtesy of a nearly $150 million capital infusion from Community Bancorp, a Houston, Texas, banking investment group that swooped in last October to take over Cadence after the bank […] [...]

New life, new money for resurgent Cadence

Cadence National Bank has begun a new life as a privately owned institution flush with an additional $100 million in capital and freedom from a $44-million Troubled Asset Relief Program, or TARP, debt. “We’re going to do some things. It’s fun having money,” said Mark Abernathy, who took over as CEO for Lewis Mallory Jr. […] [...]

Cadence poised for new start as private, five-state bank

Cadence National Bank was to shed its public company status Friday to become the private property of Community Bancorp LLC in an acquisition that rescued the Starkville regional bank from a federal order to significantly increase its capital levels. With the acquisition, Cadence gets a $100-million capital injection that frees it from a consent order […] [...]

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