Cadence Bank: Difference between revisions

From Bhamwiki
Jump to navigation Jump to search
No edit summary
No edit summary
Line 1: Line 1:
'''Cadence Bank, N. A.''' is a [[Birmingham]]-based community bank with over 100 branches across Alabama, Mississippi, Florida, Georgia, and Tennessee. Its headquarters moved to Birmingham in November 2011 when Cadence merged with [[Superior Bank, N. A.]], its sister institution under holding company [[Community Bancorp LLC]].
==Cadence history==
[[Image: Cadence_Logo.gif|right]]
[[Image: Cadence_Logo.gif|right]]
'''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 was originally a Starkville, Mississippi-based bank which as of November 2011 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 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.
 
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.]].  
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.


==Area locations==
==Area locations==
* 2755 [[John Hawkins Parkway]], [[Hoover]]
* [[Blountsville]]: 69156 Main Street
* 6801 [[Cahaba Valley Road]], Hoover
* [[Birmingham]]: [[John A. Hand Building]], 17 [[20th Street North]]
* 3100 [[McFarland Boulevard]] West, [[Northport]]
* [[Childersburg]]: 33327 [[U.S. Highway 280]]
* 6561 [[Highway 69 South]], Hillcrest ([[Tuscaloosa]])
* [[Chelsea]]: 104 [[Chelsea Pointe Drive]]
* 1101 [[Greensboro Avenue]], Tuscaloosa
* [[Cleveland]]: 18045 [[Alabama Highway 160]]
* 1615 McFarland Boulevard, Indian Hills (Tuscaloosa)
* [[Gardendale]]: 2250 [[Mount Olive Road]]
* 1121 [[Veterans Memorial Parkway]], [[University Mall]], Tuscaloosa
* [[Greystone]]: off of [[U.S. Highway 280]]
* Greystone: 6801 [[Cahaba Valley Road]]
* [[Hoover]]: [[The Grove]]
* Hoover: 2755 [[John Hawkins Parkway]]
* [[Mountain Brook]]: 2717 [[Culver Road]], inside [[Western Supermarket]]
* [[Northport]]: 3100 [[McFarland Boulevard]] West
* [[Oneonta]]: 608 2nd Avenue East
* [[Pelham]]:  101 [[Huntley Parkway]]
* [[Snead]]: 87615 [[U. S. Highway 278]] in [[Altoona]]
* [[Sylacauga]]: 126 North Broadway Avenue
* [[Trussville]]: 1950 [[Edwards Lake Road]]
* [[Tuscaloosa]]: 6561 [[Highway 69 South]], Hillcrest
* Tuscaloosa: 1101 [[Greensboro Avenue]]
* Tuscaloosa: 1121 [[Veterans Memorial Parkway]], [[University Mall]]
* [[Warrior]]: 218 Louisa Street


==References==
==References==
* Rupinski, Patrick (October 7, 2010) "Cadence Bank accepts higher merger offer." ''Tuscaloosa News''
* 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''
* Hubbard, Russell (April 15, 2011) "Banking regulators seize Superior Bank and Nexity Financial Corp." ''Birmingham News''
* Hubbard, Russell (April 19, 2011) "Superior's new owner seeks more." ''Birmingham News''
* Hubbard, Russell (November 3, 2011) "Cadence Bank declines chance to buy John Hand Building, downtown Birmingham landmark." ''Birmingham News''


== External links ==
== External links ==

Revision as of 21:03, 4 November 2011

Cadence Bank, N. A. is a Birmingham-based community bank with over 100 branches across Alabama, Mississippi, Florida, Georgia, and Tennessee. Its headquarters moved to Birmingham in November 2011 when Cadence merged with Superior Bank, N. A., its sister institution under holding company Community Bancorp LLC.

Cadence history

Cadence Logo.gif

Cadence Bank was originally a Starkville, Mississippi-based bank which as of November 2011 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 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. 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.

Area locations

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
  • Hubbard, Russell (April 19, 2011) "Superior's new owner seeks more." Birmingham News
  • Hubbard, Russell (November 3, 2011) "Cadence Bank declines chance to buy John Hand Building, downtown Birmingham landmark." Birmingham News

External links

Cadence Bank website

Retrieved from "http://bhamwiki.com/w/index.php?title=Cadence_Bank&oldid=82018"