Cadence Bank Awards $150,000 to Seven Nonprofits Through Its Annual Cadence Cares Holiday Program
Cadence Bank (NYSE: CADE) has awarded $150,000 to seven nonprofit organizations through its annual Cadence Cares Holiday Program, selected by votes from bank customers, teammates, and community members. This initiative, now in its fourth year, allows individuals to support causes focusing on low-to-moderate-income families and neighborhoods across the bank's nine-state footprint, with donations distributed proportional to the votes received. The program highlights Cadence Bank's commitment to community impact, having donated a total of $600,000 over four years.
Huntington Bancshares Incorporated and Cadence Bank Announce Receipt of Required Regulatory Approval for Pending Merger
Huntington Bancshares Incorporated and Cadence Bank have jointly announced that the Office of the Comptroller of the Currency has approved their proposed merger, with all required regulatory approvals now secured. The merger, which will see Cadence Bank merge into The Huntington National Bank, is anticipated to close on February 1, 2026, contingent on shareholder approvals and other customary closing conditions. This development marks a significant step towards the creation of a combined entity with substantial banking services across several states.
Cadence Bank Will Pay $5 Million to End Suit Over MOVEit Hack
Cadence Bank has agreed to a $5.25 million settlement in a class action lawsuit stemming from a 2023 data breach that compromised the personal information of nearly 900,000 individuals. The settlement seeks preliminary approval and addresses the bank's involvement in the widespread MOVEit cyberattack. Class members affected by the breach will be eligible for reimbursement.
SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Cadence Bank (CADE)
Brodsky & Smith has announced an investigation into potential breaches of fiduciary duty by the Board of Directors of Cadence Bank (CADE). This comes after the bank's all-stock sale to Huntington Bancshares Incorporated (Nasdaq - HBAN) for $7.4 billion, which implies a consideration of $39.77 per Cadence share based on Huntington's closing price as of October 24, 2025. The investigation aims to determine if the Cadence Bank Board failed to ensure a fair process and fair value for shareholders.
SHAREHOLDER ALERT: The M&A Class Action Firm Continues to Investigate the Mergers-TEX, REVG, FSUN, and CADE
Monteverde & Associates PC, a class action firm, is investigating several mergers for potential shareholder concerns. These include Terex Corporation (TEX) with REV Group, REV Group, Inc. (REVG) with Terex Corporation, FirstSun Capital Bancorp (FSUN) with First Foundation Inc., and Cadence Bank (CADE) with Huntington Bancshares Incorporated. The firm encourages shareholders with concerns about these transactions to contact them for a free consultation.
Cadence Bank (CADE): Is There More Value Ahead as Long-Term Gains Continue?
Cadence Bank (CADE) has shown steady long-term growth, with shares up over 52% in three years, despite recent modest short-term movements. Analysts suggest a fair value of $42.70, indicating it is currently undervalued, driven by aggressive growth in Southern markets. However, its current P/E ratio of 13.8x is above the industry average, suggesting the market might be factoring in future growth or even overpaying.
Cadence Bank Named 2025 Best Bank to Work For by American Banker
Cadence Bank has been recognized as one of American Banker's 2025 Best Banks to Work For, ranking 74th nationwide. This award celebrates banks excelling at creating positive and supportive workplaces, a testament to Cadence Bank's commitment to its employees and values. The recognition is based on an anonymous employee survey and a review of benefits and perks offered, highlighting Cadence's dedication to its teammates.
UA Little Rock, Cadence Bank & Heartland Forward Announce Promotions (Movers & Shakers)
This article details recent promotions and new hires across various sectors in Arkansas, including banking and finance, education, energy, healthcare, legal, nonprofits, and real estate. Notable changes include John Craig's promotion to president of the Fort Smith market at Cadence Bank and several leadership advancements at the University of Arkansas at Little Rock and Heartland Forward. The piece highlights the career progression of professionals contributing to the state's economic and social landscape.
CADE Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Cadence Bank Is Fair to Shareholders
Halper Sadeh LLC is investigating whether the proposed sale of Cadence Bank (NYSE: CADE) to Huntington Bancshares Incorporated is fair to Cadence shareholders. The firm encourages shareholders to contact them to learn about their legal rights and options, as the investigation focuses on ensuring shareholders receive the best possible consideration.
Huntington Reaches $7.4 Billion Deal to Buy Cadence Bank
Huntington Bancshares has agreed to acquire Cadence Bancorporation in an all-stock deal valued at approximately $7.4 billion. This merger will create a top 10 U.S. regional bank, strengthening Huntington's presence across the Midwest and South. The combined entity will have about $168 billion in assets, $139 billion in deposits, and $118 billion in loans.
Huntington Bancshares to buy Cadence Bank for $7.4B, expanding presence in South
Huntington Bancshares has announced its intention to acquire Cadence Bank for $7.4 billion. This strategic move aims to significantly expand Huntington's presence in the Southern United States market, enhancing its footprint and customer base in the region.
Assessing Cadence Bank’s Valuation as Analyst Upgrades Spotlight Growth and Strategic Expansion
Cadence Bank (NYSE:CADE) is garnering attention due to recent analyst upgrades, driven by its expansion into high-growth regions, strategic mergers, acquisitions, and digital investments. Despite modest short-term stock movements, the company has shown a 25% 1-year total shareholder return. Analysts believe the bank is undervalued, with a fair value of $41.45 compared to its last close of $37.78, fueled by robust organic growth in Sunbelt markets.
Cadence Bank Announces First Quarter 2025 Earnings Webcast Schedule
Cadence Bank (NYSE: CADE) will release its first quarter 2025 earnings on Monday, April 21, 2025, after the financial markets close and will host an earnings webcast on Tuesday, April 22, 2025, at 10 a.m. CT. The webcast will cover management's conference call with analysts and will be available live and archived on the bank's investor relations website. Cadence Bank is a regional financial services company with $50 billion in assets, over 350 locations, and offers comprehensive banking, investment, trust, and mortgage products.
Nurdin joins Cadence Bank as executive managing director
Cadence Bank (NYSE: CADE) has hired Mark Nurdin as the new executive managing director for its Fort Worth-based corporate banking team. Nurdin will focus on expanding the bank's middle-market portfolio and its team of bankers to better serve corporate clients across various industries in the Metroplex. His extensive banking expertise and strong community connections are expected to bolster Cadence Bank's presence in the Fort Worth market.
Cadence Bank class action alleges bank charges exorbitant out-of-network ATM fees
A class action lawsuit has been filed against Cadence Bank alleging that the bank charges exorbitant out-of-network ATM fees, including multiple fees for a single transaction. Plaintiff Christopher Smith claims he was charged $8 in fees to withdraw $20, due to separate charges for balance inquiries and cash withdrawals. The lawsuit asserts claims for breach of contract and deceptive practices, highlighting that customers are often unaware of these multiple fees.
Mississippi bank promotes executive to Florida regional presidency
Cadence Bank (NYSE: CADE) has appointed Frank Hall as regional president of community banking for its Florida Gulf Coast operations, from Pensacola to Sarasota. Hall, a 34-year banking veteran, previously led the Northwest Florida division and succeeds Andrew Stein in the role. The Mississippi-headquartered bank has approximately $50 billion in assets and 400 branch locations across the South and Texas.
Cadence Bank opens full-service branch in Birmingham’s Titusville neighborhood
Cadence Bank has opened a new full-service branch in Birmingham's historic Titusville community, located at the Heritage Town Center. This new branch offers residential and commercial loans, retail and business banking services, including an Affordable Home Loan Program and a Quick Decision Small Business Loan. Additionally, it features a Community Room for financial education classes and workshops, aiming to foster financial literacy and economic development in the area.
Cadence Bank will pay $8.5 million to settle redlining case
Cadence Bancorporation has agreed to an $8.5 million settlement for charges of "redlining" minority customers in the Houston metropolitan area. This settlement includes a $3 million fine to the OCC and $5.5 million for expanding credit opportunities for Black and Hispanic borrowers. Prosecutors alleged the bank concentrated its services and resources in majority-white neighborhoods from 2013 to 2017.
Cadence opens new branch at Heritage Town Center
Cadence Bank has opened a new branch in the Birmingham market at 873 Dennison Ave. S.W. Suite 101. The new location at Heritage Town Center expands Cadence Bank's presence in the area.
BancorpSouth Bank and Cadence Bancorporation to combine in transformational merger
BancorpSouth Bank and Cadence Bancorporation announced an all-stock merger valued at over $6 billion, creating a leading regional bank across Texas and the Southeast. The combined entity will operate as Cadence Bank, with dual headquarters in Tupelo, MS, and Houston, TX. This merger is anticipated to be financially compelling for shareholders, offering significant earnings per share and tangible book value accretion, while expanding services for customers and communities.
Jackson Walker Represents Cadence Bank in Signing 82,215-SF Lease to Relocate Headquarters to Park Towers
Jackson Walker attorneys Alfie Meyerson and Robby Reeb represented Cadence Bank in negotiating an 82,215-square-foot office lease to relocate its headquarters from Williams Tower to Park Towers in Houston. This strategic move aims to enhance efficiencies, collaboration opportunities, and provide cost savings for Cadence Bancorporation, a regional holding company with $18.4 billion in assets. Approximately 250 Cadence employees will occupy three-and-a-half floors and a ground-floor retail branch at the new location starting in December 2021.
Cadence Bank to move Houston headquarters from Williams Tower to Park Towers
Cadence Bancorporation and its subsidiary, Cadence Bank, are relocating their Houston headquarters from Williams Tower to Park Towers. This move was announced by Olivia Pulsinelli of the Houston Business Journal on December 20, 2020. Park Towers is located at 2800 Post Oak Blvd.
Cadence Bank Leaving Williams Tower to Move to West Loop
Cadence Bank is moving its headquarters from Williams Tower to Park Towers on the West Loop, signing an 82,215-SF long-term lease. This strategic move aims for enhanced efficiencies, collaboration opportunities, greater visibility, and cost savings, according to Cadence Bancorporation's Chairman and CEO, Paul B. Murphy Jr. The relocation comes after a $16 million renovation of Park Towers and amid a soft Houston office market.
Cadence Bank Enhances its Online and Mobile Banking Experience by Offering Zelle®
Cadence Bank, a subsidiary of Cadence Bancorporation (NYSE: CADE), has announced that Zelle is now available through its mobile banking app and online banking, providing customers with a fast, safe, and easy way to send and receive money digitally. Zelle offers a person-to-person (P2P) payments solution that integrates directly into the banking app, eliminating the need for separate downloads. This initiative aims to enhance the customer experience by offering convenient cashless solutions.
Leadership Tuscaloosa class of 2020-21 named, sponsored by the Chamber of Commerce of West Alabama
Thirty-eight individuals have been selected for the 2020-21 Leadership Tuscaloosa class, a nine-month leadership development program sponsored by the Chamber of Commerce of West Alabama. The program aims to increase participants' awareness of community needs through shared experiences. Allyson Cooper will chair this year's class, and a full list of class members and their affiliations is provided.
Cadence Bancorporation’s Sam Tortorici Named to Atlanta 500 by Atlanta Magazine
Sam Tortorici, president of Cadence Bancorporation and CEO of Cadence Bank, has been selected for the 2020 Atlanta 500 by Atlanta magazine, recognizing his influence and contributions to the city. Tortorici, who relocated to Atlanta in conjunction with Cadence's acquisition of State Bank & Trust, is actively involved in community organizations like the Metro Atlanta Chamber of Commerce. The Atlanta 500 acknowledges individuals shaping the city's future across various sectors.
Cadence agrees to buy State Bank in $1.4 billion all-stock deal
Cadence Bancorp has agreed to acquire State Bank Financial in a $1.4 billion all-stock deal, signaling a potential increase in regional bank consolidation in the U.S. This merger will create an entity with $16 billion in assets and approximately 100 branches across several Southern states. The agreement comes as U.S. lawmakers are working to revise banking rules, which is expected to encourage more mergers among mid-sized banks.
Community Bancorp announces it’s raised $1 billion to acquire banks
Community Bancorp LLC (CBC) has successfully completed a capital raise of $1 billion, primarily from pension funds, foundations, and endowments, to acquire, stabilize, and operate distressed U.S. banks. The Houston-based company recently announced an agreement to acquire Cadence Financial, a $1.8 billion bank, and plans to seek further acquisition opportunities to rebuild banks with fresh capital, new products, and strong management. CBC aims to transform these institutions into high-performing entities, providing progressive banking services and facilitating community growth.
