Cadence Bank: Difference between revisions
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[[Image: Cadence_Logo.gif|right]] | [[Image: Cadence_Logo.gif|right]] | ||
'''Cadence Bank''' is a Starkville, | '''Cadence Bank''' is a Starkville, Mississippi-based bank which has 7 branches in [[Alabama]], with 5 in [[Tuscaloosa]] and 2 in [[Hoover]]. Overall, Cadence operates 38 offices, and also has branches in Florida, Georgia, and Tennessee. | ||
Cadence Bank has a long history in Mississippi, and was known as National Bank of Commerce for many decades. 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, 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]], and Cadence operates as a wholly-owned subsidiary of CBC, which also owns Birmingham-based [[Superior Bank, N. A.]]. | |||
==Area locations== | |||
* 2755 [[John Hawkins Parkway]], [[Hoover]] | |||
* 6801 [[Cahaba Valley Road]], Hoover | |||
* 3100 [[McFarland Boulevard]] West, [[Northport]] | |||
* 6561 [[Highway 69 South]], Hillcrest ([[Tuscaloosa]]) | |||
* 1101 [[Greensboro Avenue]], Tuscaloosa | |||
* 1615 McFarland Boulevard, Indian Hills (Tuscaloosa) | |||
* 1121 [[Veterans Memorial Parkway]], [[University Mall]], Tuscaloosa | |||
==References== | |||
* Rupinski, Patrick (October 7, 2010) "Cadence Bank accepts higher merger offer." ''Tuscaloosa News'' | |||
* Hubbard, Russell (April 15, 2011) "Banking regulators seize Superior Bank and Nexity Financial Corp." ''Birmingham News'' | |||
== External links == | == External links == | ||
[http://www.cadencebanking.com/ Cadence Bank] website | [http://www.cadencebanking.com/ Cadence Bank] website | ||
[[Category:Banks]] | [[Category:Banks]] | ||
Revision as of 07:20, 17 April 2011
Cadence Bank is a Starkville, Mississippi-based bank which has 7 branches in Alabama, with 5 in Tuscaloosa and 2 in Hoover. Overall, Cadence operates 38 offices, and also has branches in Florida, Georgia, and Tennessee.
Cadence Bank has a long history in Mississippi, and was known as National Bank of Commerce for many decades. 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, 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, and Cadence operates as a wholly-owned subsidiary of CBC, which also owns Birmingham-based Superior Bank, N. A..
Area locations
- 2755 John Hawkins Parkway, Hoover
- 6801 Cahaba Valley Road, Hoover
- 3100 McFarland Boulevard West, Northport
- 6561 Highway 69 South, Hillcrest (Tuscaloosa)
- 1101 Greensboro Avenue, Tuscaloosa
- 1615 McFarland Boulevard, Indian Hills (Tuscaloosa)
- 1121 Veterans Memorial Parkway, University Mall, Tuscaloosa
References
- Rupinski, Patrick (October 7, 2010) "Cadence Bank accepts higher merger offer." Tuscaloosa News
- Hubbard, Russell (April 15, 2011) "Banking regulators seize Superior Bank and Nexity Financial Corp." Birmingham News
External links
Cadence Bank website