Still in acquisition mode, Cadence set to buy Houston’s Encore Bancshares Inc.
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 [...] [...]
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