Posts Tagged ‘Lewis Mallory Jr.’

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

by Ted Carter Published: March 6,2011

Tags: Cadence National Bank, Community Bancorp, Lewis Mallory Jr., Mark Abernathy, Paul Murphy

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 […] [...]

Mallory exit to carry out earlier agreement on Cadence retirement

The early March closing of an acquisition by Houston banking investment company Community Bancorp, LLC, will mark the end of Cadence Financial Corp. chairman and CEO Lewis Mallory Jr.’s 47 years with the Starkville-based regional bank. Mark Abernathy, Cadence’s president, is expected to be elected CEO and Paul B. Murphy Jr., Community Bancorp president, chairman, […] [...]

Mallory carrying out 3-year-old agreement to retire as Cadence Bank CEO & chairman

By Ted Carter The early March closing of an acquisition by Houston banking investment company Community Bancorp LLC will mark the end of Cadence Financial Corp. Chairman & CEO Lewis Mallory Jr.’s 47 years with the Starkville-based regional bank. Mark Abernathy, Cadence’s president, is expected to be elected CEO and Paul B. Murphy Jr., Community […] [...]

Cadence shareholders must weigh claims merger information

by Ted Carter Published: November 14,2010

Tags: Cadence Bank, Lewis Mallory Jr., Richard Bruald

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 […] [...]

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 […] [...]

TALKS: Who knew what and when?

by Ted Carter Published: October 10,2010

Tags: Cadence Bank, Community Bancorp, Lewis Mallory Jr., Melanie Morgan, Trustmark National Bank

Trustmark would like to know exactly when Houston- based Community Bancorp, LLC started talking acquisition with Starkville’s Cadence Bank won’t be known until Cadence files a proxy statement with the U.S. Securities & Exchange Commission by Oct. 18. That’s some reading material that Trustmark National Bank executives will look at with interest. Trustmark executives learned […] [...]

So much for a handshake

by Ted Carter Published: October 10,2010

Tags: Cadence Bank, Community Bancorp, Lewis Mallory Jr., Paul B. Murphy Jr., Trustmark

Cadence spurns Trustmark for upstart Houston investment group In the end, Starkville-based Cadence Bank’s handshake and “definitive agreement” with Trustmark National Bank went by the wayside last Wednesday in exchange for an attractive sale price and immediate capital injection of upwards of $200 million from a Houston banking investment group. The prospect of keeping intact […] [...]

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