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VOL. 133 | NO. 98 | Wednesday, May 16, 2018

Cadence Bank, State Bank Financial Corp. Announce Merger

The Associated Press

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BIRMINGHAM, Ala. (AP)Cadence Bank and State Bank Financial Corp. are announcing a merger.

Al.com reports that Cadence Bank's corporate headquarters will move from Birmingham, Alabama, to Atlanta following the merger.

The combined company will have about 100 branches serving Texas, Georgia, Florida, Alabama, Tennessee and Mississippi.

The deal is expected to be finalized later this year.

Al.com reports that Cadence Bank CEO Sam Tortorici will relocate to Atlanta with the corporate headquarters. Cadence Bancorporation will remain headquartered in Houston.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 74 74 17,939
MORTGAGES 95 95 20,660
FORECLOSURE NOTICES 0 0 2,693
BUILDING PERMITS 141 141 36,977
BANKRUPTCIES 59 59 11,485
BUSINESS LICENSES 17 17 5,865
UTILITY CONNECTIONS 27 27 6,857
MARRIAGE LICENSES 41 41 4,090