by Associated Press Published: November 5,2010
Tags: Cadence Bank, Trustmark
STARKVILLE — Stockholders of Cadence Financial Corp., the parent of Cadence Bank, will meet Dec. 9 in Starkville to consider a buyout by a private Houston, Texas-based investment firm. The Commercial Dispatch reports a proxy statement and ballot approved by the Securities and Exchange Commission was issued to shareholders this week. Cadence agreed to the [...] [...]
by Associated Press Published: November 4,2010
Tags: Bancorp, Cadence Bank, lawsuit, sued, Trustmark
STARKVILLE — Cadence Bank and its officers have been accused in a lawsuit filed in New York State Supreme Court of misleading investors about the financial institution’s sale. The Columbus Commercial Dispatch reports that the lawsuit was filed by RSD Capital in New York because Cadence’s stock is traded on the Nasdaq stock exchange. No [...] [...]
by Ted Carter Published: October 31,2010
Tags: Cadence, Richard Hickson, Trustmark
Trustmark ready to consider new acquisition opportunities if money potential is right. Trustmark executives backed away from the Cadence acquisition because a bid showdown with competing suitor Community Bancorp of Houston had too much short-term downside, said Trustmark chairman and CEO Richard Hickson in his first public remarks about his bank’s loss of the merger in [...] [...]
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 [...] [...]
by Ted Carter Published: October 24,2010
Tags: Cadence Bank, Community Bancorp, Trustmark
In mid-summer, Cadence Bank executives got the not-unexpected advice to forget about trying to solve the bank’s capitalization problems through an $80-million common stock offering. The current market won’t support it, cautioned Keefe, Bruyette & Woods, a New York investment banking firm hired as underwriters for the stock sale. So Cadence put the word out [...] [...]
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 [...] [...]
Terminates Merger Agreement with Trustmark STARKVILLE, Miss.–Cadence Financial Corporation (NASDAQ: CADE), the parent company of Cadence Bank, N.A., a bank holding company whose principal subsidiary is Cadence Bank, N.A., today announced that it has agreed to be acquired by Community Bancorp LLC (“CBC”), a Delaware limited liability company formed to invest in community banks. CBC [...] [...]
by Wally Northway Published: September 19,2010
Tags: Jerry Host, Trustmark
Host named president and chief executive officer of Trustmark Jerry Host sat in his roomy, comfortable office, sipping a cup of coffee while he reflected on his career at Trustmark National Bank, which began as the assistant manager of the bank’s investment department. “I started out right here in this very office,” said Host with [...] [...]
JACKSON — Trustmark Corporation reports net income available to common shareholders of $13.4 million in the second quarter of 2009, which represented basic earnings per common share of $0.23. Earnings during the quarter were impacted by a previously announced special FDIC deposit insurance assessment applicable to all insured depository institutions, which reduced Trustmark’s net income [...] [...]
by MBJ Newswires Published: August 10,2009
Tags: Barney Daly, Bill Williams, Brad Sinclair, Carole Burger, Central Mississippi Medical Center, Denny Bruns, HMA Division 4, Jeff Bedford, Joe Pinion, Madison, Monica Daniels, Reed Hammond, River Oaks Healthcare, Sherry Pitts, Trustmark, United Way, Vicki Bruns, Woman's Hospital
Denny and Vicki Bruns recently hosted a reception at their home in Madison for officials from the River Oaks Healthcare network of hospitals. Pictured during the presentation of a “campaign kickoff” donation on behalf of the hospitals are (l-r): Denny Bruns, CEO, River Oaks Hospital; Monica Daniels, United Way; Carole Burger, United Way; Bill Williams, [...] [...]
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