Cadence Bank
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 history
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, 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
- Blountsville: 69156 Main Street
- Birmingham: Concord Center, 2100 3rd Avenue North
- Childersburg: 33327 U.S. Highway 280
- Chelsea: 104 Chelsea Pointe Drive
- Cleveland: 18045 Alabama Highway 160
- Gardendale: 2250 Mount Olive Road
- Greystone: 6801 Cahaba Valley Road
- 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
- 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." The Birmingham News
- Hubbard, Russell (April 19, 2011) "Superior's new owner seeks more." The Birmingham News
- Hubbard, Russell (November 3, 2011) "Cadence Bank declines chance to buy John Hand Building, downtown Birmingham landmark." The Birmingham News
- Hubbard, Russell (August 2, 2012) "Cadence Bank moves to Concord Center." The Birmingham News
- Diel, Stan (October 24, 2012) "Cadence Bank sign to be placed atop downtown's Concord Center." The Birmingham News
External links
Cadence Bank website