Just a few weeks after announcing that it will acquire State Bank Financial Corp., Cadence Bancorporation (NYSE: CADE) has sold its insurance arm to a Tampa insurance firm.
Baldwin Krystyn Sherman Partners, or BKS-Partners, closed on a deal June 1 to purchase Houston-based Cadence Insurance, an affiliate of Houston-based holding company Cadence Bancorporation, according to a June 4 press release. Terms of the deal were not disclosed.
Cadence Insurance, which has more than 2,000 clients and 40 employees,…
