Mississippi Business Journal » Lewis Mallory Jr.

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

Ted Carter — Sun, 06 Mar 2011 06:00:15 +0000

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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Mallory exit to carry out earlier agreement on Cadence retirement

Ted Carter — Sun, 27 Feb 2011 06:00:57 +0000

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, [...]

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

Ted Carter — Fri, 18 Feb 2011 20:00:07 +0000

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 [...]

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Cadence shareholders must weigh claims merger information

Ted Carter — Sun, 14 Nov 2010 06:00:52 +0000

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 [...]

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Cadence cites pressures in failed merger

Ted Carter — Sun, 24 Oct 2010 06:00:24 +0000

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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TALKS: Who knew what and when?

Ted Carter — Sun, 10 Oct 2010 06:00:59 +0000

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 [...]

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So much for a handshake

Ted Carter — Sun, 10 Oct 2010 06:00:19 +0000

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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