Remember Cadence, the little regional bank company in Starkville? It’s all grown up now after last year buying an Alabama regional banking company more than twice its size and continuing its growth spurt with the May 31 Federal Reserve Board of Governors’ approval of the acquisition of Encore Banshares, a $1.6 billion Houston bank. Acquiring [...]
Tag Archives: Community Bancorp LLC
Getting Bigger by the Day: Cadence continues growth with Fed’s OK of Encore acquisition
No regrets from now profitable Cadence Bank
August 28, 2011
Relief and optimism have replaced last summer’s struggle for survival for Starkville’s Cadence National Bank. The new lease on life for the multi-state regional bank came courtesy of a nearly $150 million capital infusion from Community Bancorp LLC, a Houston, Texas, banking investment group that swooped in last October to take over Cadence after the [...]
Fed greenlights Cadence acquisition; March 1 closing set
February 15, 2011
By Ted Carter Having gained Federal Reserve approval Tuesday, Starkville-based Cadence Financial Corp. says it expects its acquisition by Community Bancorp LLC to be completed by March 1. The Fed approval marked the last regulatory hurdle for the takeover of Cadence, said John Boydston, director of marketing. “This completes all of the regulatory requirements for [...]
June 6, 2012
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