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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 This material may not be published, broadcast, rewritten or redistributed.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 109 433 13,330
MORTGAGES 114 591 17,349
FORECLOSURE NOTICES 11 93 3,391
BUILDING PERMITS 0 366 30,930
BANKRUPTCIES 76 352 12,695
BUSINESS LICENSES 21 108 4,597
UTILITY CONNECTIONS 77 564 19,457
MARRIAGE LICENSES 29 151 4,060

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