A merger that has resulted in one of Birmingham’s largest banks relocating its headquarters to Atlanta is complete.
As we previously reported, Cadence Bancorporation (NYSE:CADE) said last year that it would acquire State Bank Financial Corp. (NASDAQ:STBZ) in a $1.4 billion transaction. The merger became effective Jan. 1.
“The closing of this merger is a significant milestone for our organization,” said Paul B. Murphy Jr., chairman and CEO of Cadence Bancorp. “Today, we celebrate the culmination…