Cadence Bank Completes Merger with FCB Financial Corp.
Cadence Bank (NYSE: CADE) has successfully completed its merger with FCB Financial Corp., the parent company of First Chatham Bank, a Savannah-based community bank. The strategic merger strengthens Cadence's market position in Savannah and Coastal Georgia. Ken Farrell, FCB Financial's long-time leader, will join Cadence Bank in a leadership role in Savannah. The merger aims to enhance customer service through an expanded suite of financial products and services, while creating new opportunities for employees, customers, communities, and shareholders.
Cadence Bank (NYSE: CADE) ha completato con successo la fusione con FCB Financial Corp., la società madre di First Chatham Bank, una banca comunitaria con sede a Savannah. Questa fusione strategica rafforza la posizione di mercato di Cadence a Savannah e nella Georgia costiera. Ken Farrell, storico leader di FCB Financial, assumerà un ruolo di leadership in Cadence Bank a Savannah. L'obiettivo della fusione è migliorare il servizio clienti attraverso un'offerta ampliata di prodotti e servizi finanziari, creando al contempo nuove opportunità per dipendenti, clienti, comunità e azionisti.
Cadence Bank (NYSE: CADE) ha completado con éxito su fusión con FCB Financial Corp., la empresa matriz de First Chatham Bank, un banco comunitario con sede en Savannah. La fusión estratégica fortalece la posición de Cadence en el mercado de Savannah y la Costa de Georgia. Ken Farrell, líder de larga data de FCB Financial, se unirá a Cadence Bank en un rol de liderazgo en Savannah. La fusión busca mejorar el servicio al cliente mediante una gama ampliada de productos y servicios financieros, al tiempo que crea nuevas oportunidades para empleados, clientes, comunidades y accionistas.
Cadence Bank (NYSE: CADE)는 Savannah에 본사를 둔 지역 은행인 First Chatham Bank의 모회사인 FCB Financial Corp.와의 합병을 성공적으로 완료했습니다. 이번 전략적 합병으로 Cadence는 Savannah 및 조지아 해안 지역에서 시장 입지를 강화하게 되었습니다. FCB Financial의 오랜 리더인 Ken Farrell은 Savannah에서 Cadence Bank의 리더십 역할을 맡을 예정입니다. 이번 합병은 확장된 금융 상품 및 서비스 제공을 통해 고객 서비스를 향상시키고, 직원, 고객, 지역사회 및 주주에게 새로운 기회를 창출하는 것을 목표로 합니다.
Cadence Bank (NYSE : CADE) a réussi à finaliser sa fusion avec FCB Financial Corp., la société mère de First Chatham Bank, une banque communautaire basée à Savannah. Cette fusion stratégique renforce la position de Cadence sur le marché de Savannah et de la région côtière de Géorgie. Ken Farrell, le dirigeant de longue date de FCB Financial, rejoindra Cadence Bank dans un rôle de leadership à Savannah. Cette fusion vise à améliorer le service client grâce à une offre élargie de produits et services financiers, tout en créant de nouvelles opportunités pour les employés, les clients, les communautés et les actionnaires.
Cadence Bank (NYSE: CADE) hat die Fusion mit FCB Financial Corp., der Muttergesellschaft der First Chatham Bank, einer Community-Bank mit Sitz in Savannah, erfolgreich abgeschlossen. Die strategische Fusion stärkt die Marktposition von Cadence in Savannah und der Küstenregion von Georgia. Ken Farrell, der langjährige Leiter von FCB Financial, wird eine Führungsrolle bei Cadence Bank in Savannah übernehmen. Ziel der Fusion ist es, den Kundenservice durch ein erweitertes Angebot an Finanzprodukten und -dienstleistungen zu verbessern und gleichzeitig neue Chancen für Mitarbeiter, Kunden, Gemeinden und Aktionäre zu schaffen.
- Strategic expansion in the Savannah and Coastal Georgia market
- Addition of experienced leadership with Ken Farrell joining the team
- Enhanced product and service offerings through combined capabilities
- None.
"With the completion of our merger, we're positioned to continue our growth in
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About Cadence Bank
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Forward-Looking Statements
Certain statements contained in this press release may not be based upon historical facts and are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by their reference to a future period or periods or by the use of forward-looking terminology such as "anticipate," "believe," "could," "continue," "seek," "intend," "estimate," "expect," "foresee," "hope," "may," "might," "plan," "should," "predict," "project," "goal," "outlook," "potential," "will," "will result," "will likely result," or "would" or future or conditional verb tenses and variations or negatives of such terms. These forward-looking statements include, without limitation, those relating to the integration process after the closing of the merger and the benefits and synergies expected from the merger.
Cadence Bank cautions readers not to place undue reliance on the forward-looking statements contained in this press release, in that actual results could differ materially from those indicated in such forward-looking statements as a result of a variety of factors, many of which are beyond the control of Cadence Bank. These factors may include, but are not limited to, the ability of Cadence Bank and FCB Financial Corp. to meet expectations regarding the accounting and tax treatments of the merger, the possibility that any of the anticipated benefits, cost savings and synergies of the merger will not be realized or will not be realized as expected, the acceptance by customers of FCB Financial Corp. of Cadence Bank's products and services, the possibility that the merger and integration process may be more expensive or time consuming to complete than anticipated, including as a result of unexpected factors or events, and the impact of all other factors generally understood to affect the assets, business, cash flows, financial condition, liquidity, prospects and/or results of operations of financial services companies and the other factors described under the caption "Risk Factors" in the Form 10-K and other documents subsequently filed by us with the Board of Governors of the Federal Reserve System. Forward-looking statements speak only as of the date of this press release and, except as required by law, Cadence Bank does not undertake any obligation to update or revise forward-looking statements to reflect events or circumstances that occur after the date of this press release, whether as a result of new information, future developments or otherwise.
New risks and uncertainties may emerge from time to time, and it is not possible for Cadence to predict their occurrence or how they will affect Cadence. The foregoing should be read in conjunction with those risk factors that are set forth from time to time in Cadence's periodic and current reports filed with its primary federal regulator, including those factors included in Cadence's Annual Report on Form 10-K for the year ended December 31, 2024 under the heading "Item 1A. Risk Factors," in Cadence's Quarterly Reports on Form 10-Q under the heading "Part II-Item 1A. Risk Factors," and in Cadence's Current Reports on Form 8-K.
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SOURCE Cadence Bank
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