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VOL. 127 | NO. 135 | Thursday, July 12, 2012

Cadence Announces Layoffs

AP

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STARKVILLE, Miss. (AP) — Cadence Bank will lay off 17 workers at its loan operations center in Starkville.

The bank's chief administrative officer, Mark Abernathy, tells the Starkville Daily News (http://bit.ly/NjEbpd) that the layoffs will occur at the end of September.

Abernathy says the Starkville loan operations will be consolidated with the center in Birmingham, Ala. He says the exact date is not firm.

Abernathy says the bank will try to find jobs for those laid off in addition to providing severance packages. He said the laid off workers could apply for jobs at the Birmingham center.

Cadence Bank, which was acquired by Community Bancorp LLC of Houston, Texas, in 2011, has branches in Mississippi, Alabama, Tennessee, Florida, Georgia and Texas.

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Information from: Starkville Daily News, http://www.starkvilledailynews.com/

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 85 354 12,626
MORTGAGES 113 438 16,470
FORECLOSURE NOTICES 21 98 3,290
BUILDING PERMITS 358 918 27,694
BANKRUPTCIES 55 276 10,490
BUSINESS LICENSES 18 120 4,204
UTILITY CONNECTIONS 78 429 16,350
MARRIAGE LICENSES 26 125 3,691

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