Mississippi Business Journal » Cadence

No regrets from suddenly profitable Cadence Bank

Ted Carter — Sun, 28 Aug 2011 06:00:01 +0000

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 [...]

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Alford named county bank president

MBJ Staff — Sun, 01 May 2011 06:00:49 +0000

Marcus Mallory, Cadence state executive for Mississippi, recently announced that Timothy W. Alford has been appointed bank president for Monroe County. Alford began his banking career in 1994 at Sunburst Bank where he served as a loan officer. He later served as assistant vice president at Mechanics Bank in Oxford, as vice president at AmSouth [...]

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Stars fall on Mississippi banks: Bauer designates 45 ‘superior’

Ted Carter — Sun, 20 Mar 2011 06:00:03 +0000

Nearly half of the Mississippi’s 92 banks and savings and loan institutions received BauerFinancial’s highest rating, a “superior” designation of five stars, for the fourth quarter. In setting its rating, the Coral Gables, Fla-based BauerFinancial evaluates – among other factors — profitability/loss trend, delinquent loans levels, charge-offs and repossessed assets, the market versus book value [...]

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Trustmark CEO: Cadence deal lost luster after competitor upped ante

Ted Carter — Sun, 31 Oct 2010 06:00:21 +0000

Trustmark ready to consider new acquisition opportunities if money potential is right. Trustmark executives backed away from the Cadence acquisition because a bid showdown with competing suitor Community Bancorp of Houston had too much short-term downside, said Trustmark chairman and CEO Richard Hickson in his first public remarks about his bank’s loss of the merger in [...]

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Community Bancorp LLC Now Acquiring Cadence

Amy McCullough — Wed, 06 Oct 2010 13:51:01 +0000

Terminates Merger Agreement with Trustmark STARKVILLE, Miss.–Cadence Financial Corporation (NASDAQ: CADE), the parent company of Cadence Bank, N.A., a bank holding company whose principal subsidiary is Cadence Bank, N.A., today announced that it has agreed to be acquired by Community Bancorp LLC (“CBC”), a Delaware limited liability company formed to invest in community banks. CBC [...]

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Golden Triangle key for Trustmark

Ted Carter — Sun, 26 Sep 2010 06:00:28 +0000

Memphis, Tuscaloosa markets also drawing cards Trustmark National Bank executives looked with envy at competitor Cadence Bank’s dominance throughout the economically resurgent Mississippi Golden Triangle and Cadence’s strengths in such markets as Memphis and Tuscaloosa. They turned envy to action this week with the signing of a “definitive” agreement to acquire the $1.8 billion Starkville-based [...]

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Cadence faces deadline and possible FDIC takeover

Ted Carter — Fri, 17 Sep 2010 14:57:48 +0000

Starkville-based bank must meet capital requirements of a May consent order issued by the Office of the Comptroller of the Currency Starkville’s troubled Cadence Bank faces a crucial regulatory test with a Sunday deadline to meet capital requirements of a May consent order issued by the Office of the Comptroller of the Currency. The $1.87-billion regional bank [...]

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