Atlanta’s State Bank to merge with Houston’s Cadence in $1.4B deal

Consolidation in Atlanta's banking industry continues with another big merger announced Sunday.

Atlanta-based State Bank Financial Corp. (Nasdaq: STBZ) and Houston's Cadence Bancorporation (NYSE: CADE) said May 13 they are merging in a $1.4 billion deal, creating a combined organization with $16 billion in assets, $12 billion in loans, $13 billion in deposits and approximately 100 branches serving Texas, Georgia, Florida, Alabama, Tennessee and Mississippi.

The merger is the latest big deal involving…

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