by Ted Carter Published: March 12,2012
Tags: Cadence Bancorp, Encore Bancshares Inc., Houston Texas, Mark Abernathy, Mississippi, Mississippi Business Journal, NASDAQ, NASDAQ: EBTX, Paul B. Murphy Jr., Starkville Mississippi
Birmingham’s Cadence Bancorp, formerly headquartered in Starkville, has signed a definitive agreement to buy Houston-based Encore Bancshares, Inc. (NASDAQ: EBTX) in an all-cash transaction of $20.62 per share. Under the deal, Cadence would pay approximately $250 million for the approximately 12.1 million outstanding shares of Encore, a $1.6 billion banking company with 12 locations in [...] [...]
Mark Abernathy, Cadence Bank CEO and president, recently announced that Jeff H. Whittington has been appointed as the bank’s enterprise risk manager. A native of native of Montgomery, Ala., Whittington is a graduate of Auburn University at Montgomery. He also received his graduate degree in banking from the LSU School of Banking of the South. [...] [...]
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 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 [...] [...]
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, [...] [...]
by Ted Carter Published: February 18,2011
Tags: Alabama, CADE, Cadence Bank, Cadence Financial Corp., Community Bancorp, Florida, Georgia, Jon Boydstun, Lewis Mallory Jr., Mark Abernathy, NASDAQ, Paul B. Murphy Jr., Securities and Exchange Commission, Tennessee
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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