Mississippi Business Journal » Mark Abernathy http://msbusiness.com Mississippi Business Journal Wed, 19 Jun 2013 23:16:50 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.1 Still in acquisition mode, Cadence set to buy Houston’s Encore Bancshares Inc. http://msbusiness.com/blog/2012/03/12/still-in-acquisition-mode-cadence-set-to-buy-houston%e2%80%99s-encore-bancshares-inc/?utm_source=rss&utm_medium=rss&utm_campaign=still-in-acquisition-mode-cadence-set-to-buy-houston%25e2%2580%2599s-encore-bancshares-inc http://msbusiness.com/blog/2012/03/12/still-in-acquisition-mode-cadence-set-to-buy-houston%e2%80%99s-encore-bancshares-inc/#comments Mon, 12 Mar 2012 21:14:32 +0000 Ted Carter http://msbusiness.com/?p=53892 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 [...]

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]]> http://msbusiness.com/blog/2012/03/12/still-in-acquisition-mode-cadence-set-to-buy-houston%e2%80%99s-encore-bancshares-inc/feed/ 0 Cadence adds Whittington, Hemphill http://msbusiness.com/blog/2011/05/22/cadence-adds-whittington-hemphill/?utm_source=rss&utm_medium=rss&utm_campaign=cadence-adds-whittington-hemphill http://msbusiness.com/blog/2011/05/22/cadence-adds-whittington-hemphill/#comments Sun, 22 May 2011 06:00:06 +0000 MBJ Staff http://msbusiness.com/?p=41416 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. [...]

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]]> http://msbusiness.com/blog/2011/05/22/cadence-adds-whittington-hemphill/feed/ 1 New life, new money for resurgent Cadence http://msbusiness.com/blog/2011/03/13/new-life-new-money-for-resurgent-cadence/?utm_source=rss&utm_medium=rss&utm_campaign=new-life-new-money-for-resurgent-cadence http://msbusiness.com/blog/2011/03/13/new-life-new-money-for-resurgent-cadence/#comments Sun, 13 Mar 2011 06:00:34 +0000 Ted Carter http://msbusiness.com/?p=38126 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. [...]

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]]> http://msbusiness.com/blog/2011/03/13/new-life-new-money-for-resurgent-cadence/feed/ 0 Cadence poised for new start as private, five-state bank http://msbusiness.com/blog/2011/03/06/cadence-poised-for-new-start-as-private-five-state-bank/?utm_source=rss&utm_medium=rss&utm_campaign=cadence-poised-for-new-start-as-private-five-state-bank http://msbusiness.com/blog/2011/03/06/cadence-poised-for-new-start-as-private-five-state-bank/#comments Sun, 06 Mar 2011 06:00:15 +0000 Ted Carter http://msbusiness.com/?p=37835 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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]]> http://msbusiness.com/blog/2011/03/06/cadence-poised-for-new-start-as-private-five-state-bank/feed/ 0 Mallory exit to carry out earlier agreement on Cadence retirement http://msbusiness.com/blog/2011/02/27/mallory-exit-to-carry-out-earlier-agreement-on-cadence-retirement/?utm_source=rss&utm_medium=rss&utm_campaign=mallory-exit-to-carry-out-earlier-agreement-on-cadence-retirement http://msbusiness.com/blog/2011/02/27/mallory-exit-to-carry-out-earlier-agreement-on-cadence-retirement/#comments Sun, 27 Feb 2011 06:00:57 +0000 Ted Carter http://msbusiness.com/?p=37548 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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]]> http://msbusiness.com/blog/2011/02/27/mallory-exit-to-carry-out-earlier-agreement-on-cadence-retirement/feed/ 0 Mallory carrying out 3-year-old agreement to retire as Cadence Bank CEO & chairman http://msbusiness.com/blog/2011/02/18/mallory-carrying-out-3-year-old-agreement-to-retire-as-cadence-bank-ceo-chairman/?utm_source=rss&utm_medium=rss&utm_campaign=mallory-carrying-out-3-year-old-agreement-to-retire-as-cadence-bank-ceo-chairman http://msbusiness.com/blog/2011/02/18/mallory-carrying-out-3-year-old-agreement-to-retire-as-cadence-bank-ceo-chairman/#comments Fri, 18 Feb 2011 20:00:07 +0000 Ted Carter http://msbusiness.com/?p=37221 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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