25 Facts About Cadence Bank

History of Cadence Bank

Cadence Bank has a rich history that spans over a century. Let's dive into some fascinating facts about its journey.

1. Founded in 1876
   Cadence Bank was originally established in 1876, making it one of the oldest banks in the United States.

2. Started as a Local Bank
   Initially, it served local communities in Mississippi, focusing on providing essential banking services to farmers and small businesses.

3. Name Changes
   Over the years, the bank underwent several name changes. It was known as BancorpSouth before rebranding to Cadence Bank in 2021.

4. Headquarters
   The bank's headquarters are located in Tupelo, Mississippi, a city known for its rich cultural heritage.

Growth and Expansion

Cadence Bank has grown significantly since its inception. Here are some key milestones in its expansion.

5. Acquisitions
   The bank has acquired numerous smaller banks to expand its footprint. Notable acquisitions include Central Community Corporation and State National Bancshares.

6. Publicly Traded
   Cadence Bank is publicly traded on the New York Stock Exchange under the ticker symbol "CADE."

7. Regional Presence
   It operates in several states, including Texas, Alabama, Florida, Georgia, and Tennessee, making it a regional powerhouse.

8. Total Assets
   As of 2023, Cadence Bank boasts total assets exceeding $50 billion, showcasing its financial strength.

Services and Products

Cadence Bank offers a wide range of services and products to meet the diverse needs of its customers.

9. Personal Banking
   Customers can access various personal banking services, including checking and savings accounts, loans, and credit cards.

10. Business Banking
    The bank provides tailored solutions for businesses, such as commercial loans, treasury management, and merchant services.

11. Wealth Management
    Cadence Bank offers wealth management services, including investment advisory, trust services, and estate planning.

12. Online and Mobile Banking
    Customers can manage their accounts conveniently through the bank's online and mobile banking platforms.

Community Involvement

Cadence Bank is deeply committed to the communities it serves. Here are some ways it gives back.

13. Community Development
    The bank invests in community development projects, including affordable housing and small business support.

14. Financial Education
    Cadence Bank offers financial literacy programs to help individuals and families make informed financial decisions.

15. Charitable Contributions
    The bank donates to various charitable organizations and encourages employee volunteerism.

16. Sponsorships
    It sponsors local events and initiatives, fostering a sense of community and engagement.

Awards and Recognition

Cadence Bank's commitment to excellence has earned it numerous accolades.

17. Top Workplace
    The bank has been recognized as a top workplace, highlighting its positive work environment and employee satisfaction.

18. Customer Service Awards
    It has received awards for outstanding customer service, reflecting its dedication to client satisfaction.

19. Innovation in Banking
    Cadence Bank has been acknowledged for its innovative banking solutions, including its digital banking platform.

20. Community Impact Awards
    The bank's efforts in community development have earned it several community impact awards.

Leadership and Governance

Strong leadership and governance have been pivotal to Cadence Bank's success.

21. Experienced Leadership Team
    The bank's leadership team comprises seasoned professionals with extensive experience in the banking industry.

22. Board of Directors
    Its board of directors includes individuals with diverse backgrounds, ensuring well-rounded governance.

23. Commitment to Diversity
    Cadence Bank is committed to diversity and inclusion, both within its workforce and in its business practices.

24. Ethical Practices
    The bank adheres to high ethical standards, ensuring transparency and integrity in all its operations.

Future Outlook

Cadence Bank continues to look forward, aiming for sustained growth and innovation.

25. Digital Transformation
    The bank is investing in digital transformation to enhance customer experience and streamline operations.

Final Thoughts on Cadence Bank

Cadence Bank stands out with its rich history and commitment to community. From its humble beginnings in 1876, it has grown into a significant player in the banking industry. The bank's dedication to customer service, innovative financial solutions, and community involvement has earned it a loyal customer base. Whether you're looking for personal banking, business solutions, or wealth management, Cadence Bank offers a wide range of services to meet your needs. Their focus on technology ensures that customers have access to the latest banking tools, making transactions easier and more secure. Cadence Bank's story is one of growth, innovation, and unwavering commitment to its customers and communities. As you consider your banking options, keep these facts in mind. Cadence Bank might just be the partner you need for your financial journey.