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[[Image:Cadence_One_Concord.jpg|right|thumb|375px|Cadence Bank at Concord Center, December 2012]]
[[Image:Cadence_One_Concord.jpg|right|thumb|375px|Cadence Bank at Concord Center, December 2012]]
'''Cadence Bank, N. A.''' is a [[Birmingham]]-based community bank with over 100 branches across Alabama, Mississippi, Florida, Georgia, Tennessee, and Texas, including 20 locations in the [[Birmingham District]]. Its headquarters moved to Birmingham in November 2011 when Cadence merged with [[Superior Bank, N. A.]]. Cadence Bank is owned by Houston, Texas-based [[Cadence Bancorp]] holding company. Corporate headquarters as of November [[2012]] are in the [[Concord Center]].
'''Cadence Bank, N. A.''' is a Tupelo, Mississippi-based bank which is the sole operating unit of the Houston, Texas-based [[Cadence Bancorporation]]. From [[2011]] to [[2018]] the bank's headquarters offices were located in [[Birmingham]].


==Cadence history==
Cadence Bank traces its origins to the [[1889]] founding of the National Bank of Commerce in Starkville, Mississippi. As it grew into markets where similarly-named banks were already operating in the early 2000s, it adopted the Cadence Bank name.
[[Image: Cadence_Logo.gif|right|thumb|pre-2012 Cadence logo]]
 
Cadence Bank was originally a Starkville, Mississippi-based bank founded in 1889 as National Bank of Commerce. As of November 2011 Cadence had 7 branches in [[Alabama]], with 5 in [[Tuscaloosa]] and 2 in [[Hoover]]. Cadence operated 38 offices, and also has branches in Florida, Georgia, and Tennessee. During the early 2000s, the name was changed to Cadence to differentiate itself as it moved into markets which either currently or previously had other institutions using the National Bank of Commerce name.
In [[2010]] the United States Office of the Comptroller ordered Cadence Bank to raise its capital ratio. After missing the deadline and facing a takeover by the FDIC, Cadence negotiated its sale to the Trustmark Bank of Columbus, Mississippi. Before that deal was finalized, a higher offer was made by the [[Community Bancorp LLC]] of Houston, Texas. Its acquisition was completed in March 2011, at which time Community adopted the Cadence name. Cadence Bank was merged eight months later with Birmingham's failed [[Superior Bank]]. At the time of the merger, Cadence had 38 office in Mississippi, Alabama, Florida, Georgia and Tennessee. Its seven Alabama branches included five in [[Tuscaloosa]] and two in [[Hoover]]. Superior had 73 branches in Alabama and Florida, and was the second-leading mortgage lender in the Birmingham market.


In 2010, Cadence was ordered by the United States Office of the Comptroller to raise its capital ratio. After missing that deadline,  Cadence entered into an acquisition agreement with Columbus, Mississippi-based Trustmark [[September 23]], [[2010]], to avoid an FDIC takeover. That deal did not go through, as Cadence received a higher offer on [[October 5]] from [[Community Bancorp LLC]] (CBC) of Houston, Texas. Cadence and CBC completed the acquisition on [[March 4]], [[2011]]. CBC merged Cadence with Superior Bank on [[November 11]], [[2011]], and the headquarters was relocated to Birmingham. [[Sam Tortorici]], Superior's CEO, continues as CEO of the merged company.
Superior CEO [[Sam Tortorici]] kept his position with the merged bank, which operated from Superior's offices in the [[John Hand building]]. When its lease expired in November [[2012]] it relocated to the [[Concord Center]]. In [[2014]] and [[2015]] Cadence Bank closed twenty-five branches and built its assets to over $8 billion. The holding company went public in April [[2017]].


The bank closed seventeen branches in [[2014]] and eight more in [[2015]], while reporting gains in assets to over $8 billion.
In [[2018]] Cadence merged with State Bank Financial Corp. of Atlanta, Georgia. Tortorici remained CEO as the bank's headquarters offices relocated to Atlanta. in [[2021]] Cadence was acquired by [[BancorpSouth Bank]], which adopted the Cadence name and split its headquarters offices between Tupelo, Mississippi and Houston, Texas.


==Area locations==
==Birmingham area locations==
[[Image: Cadence_Logo.gif|right|thumb|pre-2012 Cadence logo]]
* [[Blountsville]]: 69156 Main Street
* [[Blountsville]]: 69156 Main Street
* [[Birmingham]]: [[Concord Center]], 2100 [[3rd Avenue North]]
* [[Birmingham]]: [[Concord Center]], 2100 [[3rd Avenue North]]
* Birmingham: Interactive drive-thru teller, 2301 3rd Avenue North
* Birmingham: [[Heritage Towne Centre]], [[Woodland Park neighborhood|Woodland Park]]
* [[Childersburg]]: 33327 [[U.S. Highway 280]]
* [[Childersburg]]: 33327 [[U.S. Highway 280]]
* [[Chelsea]]: 104 [[Chelsea Pointe Drive]] (closed 2015)
* [[Chelsea]]: 104 [[Chelsea Pointe Drive]] (closed 2015)
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* [[Greystone]]: 6801 [[Cahaba Valley Road]]
* [[Greystone]]: 6801 [[Cahaba Valley Road]]
* [[Hoover]]: 2755 [[John Hawkins Parkway]]
* [[Hoover]]: 2755 [[John Hawkins Parkway]]
* [[Mountain Brook]]: 2717 [[Culver Road]], inside [[Western Supermarket]]
* [[Mountain Brook]]: 2717 [[Culver Road]], inside [[Western Supermarket]] (closed 2016)
* Mountain Brook: 1000 [[Jemison Lane]] inside [[Greenwise Market]] at [[Lane Parke]], formerly Western (2016-)
* [[Northport]]: 3100 [[McFarland Boulevard]] West (closed 2015)
* [[Northport]]: 3100 [[McFarland Boulevard]] West (closed 2015)
* [[Oneonta]]: 608 2nd Avenue East
* [[Oneonta]]: 608 2nd Avenue East
* [[Pelham]]: 101 [[Huntley Parkway]] (closed 2015)
* [[Pelham]]: 101 [[Huntley Parkway]] (closed 2015)
* [[Snead]]: 87615 [[U. S. Highway 278]] in [[Altoona]]
* [[Snead]]: 87615 [[U. S. Highway 278]] in [[Altoona]]
* [[Sylacauga]]: 126 North Broadway Avenue
* [[Sylacauga]]: 126 North Broadway Avenue
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* Diel, Stan (October 24, 2012) "[http://blog.al.com/businessnews/2012/10/cadence_bank_sign_to_be_placed.html Cadence Bank sign to be placed atop downtown's Concord Center]." {{BN}}
* Diel, Stan (October 24, 2012) "[http://blog.al.com/businessnews/2012/10/cadence_bank_sign_to_be_placed.html Cadence Bank sign to be placed atop downtown's Concord Center]." {{BN}}
* Seale, Michael (July 1, 2015) "Cadence Bank closes three Alabama branches." {{BBJ}}
* Seale, Michael (July 1, 2015) "Cadence Bank closes three Alabama branches." {{BBJ}}
 
* Coker, Angel (May 14, 2018) "Cadence Bank to move HQ from Birmingham to Atlanta." {{BBJ}}


== External links ==
== External links ==
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[[Category:Banks]]
[[Category:Banks]]
[[Category:1889 establishments]]
[[Category:1889 establishments]]
[[Category:2011 establishments]]
[[Category:John A. Hand Building]]
[[Category:Concord Center]]
[[Category:Heritage Towne Centre]]

Latest revision as of 16:42, 15 August 2023

Cadence Bank at Concord Center, December 2012

Cadence Bank, N. A. is a Tupelo, Mississippi-based bank which is the sole operating unit of the Houston, Texas-based Cadence Bancorporation. From 2011 to 2018 the bank's headquarters offices were located in Birmingham.

Cadence Bank traces its origins to the 1889 founding of the National Bank of Commerce in Starkville, Mississippi. As it grew into markets where similarly-named banks were already operating in the early 2000s, it adopted the Cadence Bank name.

In 2010 the United States Office of the Comptroller ordered Cadence Bank to raise its capital ratio. After missing the deadline and facing a takeover by the FDIC, Cadence negotiated its sale to the Trustmark Bank of Columbus, Mississippi. Before that deal was finalized, a higher offer was made by the Community Bancorp LLC of Houston, Texas. Its acquisition was completed in March 2011, at which time Community adopted the Cadence name. Cadence Bank was merged eight months later with Birmingham's failed Superior Bank. At the time of the merger, Cadence had 38 office in Mississippi, Alabama, Florida, Georgia and Tennessee. Its seven Alabama branches included five in Tuscaloosa and two in Hoover. Superior had 73 branches in Alabama and Florida, and was the second-leading mortgage lender in the Birmingham market.

Superior CEO Sam Tortorici kept his position with the merged bank, which operated from Superior's offices in the John Hand building. When its lease expired in November 2012 it relocated to the Concord Center. In 2014 and 2015 Cadence Bank closed twenty-five branches and built its assets to over $8 billion. The holding company went public in April 2017.

In 2018 Cadence merged with State Bank Financial Corp. of Atlanta, Georgia. Tortorici remained CEO as the bank's headquarters offices relocated to Atlanta. in 2021 Cadence was acquired by BancorpSouth Bank, which adopted the Cadence name and split its headquarters offices between Tupelo, Mississippi and Houston, Texas.

Birmingham area locations

pre-2012 Cadence logo

References

External links

Cadence Bank website

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