Cadence completes merger with Georgia bank


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…

Previous Citizens Bank parent company completes acquisition of wealth management firm
Next WSJ: New House leadership will take aim at Equifax