CADE, BancorpSouth merger final

TUPELO, Miss. - BancorpSouth Bank (BXS) and Cadence Bancorporation (CADE), the parent company of Cadence Bank, N.A., announced their proposed merger has received final Federal Deposit Insurance Corporation approval. The merger, announced in April is scheduled to close at 11:59 p.m. CDT on Oct. 31 subject to the satisfaction of customary closing conditions. The merger will create the sixth-largest bank HQ'd in the combined 9-state region. The merged company will have dual HQs in Tupelo, Miss., and Houston, Texas, with primary operations centers in Tupelo and Birmingham, Ala. Following closing, BancorpSouth will change its name to Cadence Bank (and CADE symbol on NYSE). Until integration in 2022, customers will not experience any changes. BancorpSouth Bank has about $28B in assets; and operates about 315 full-service branch locations in Alabama, Arkansas, Georgia, Florida, Louisiana, Mississippi, Missouri, Tennessee and Texas. CADE is a regional financial holding company with $18.7B in assets; and operates 99 branch locations in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas. (Source: BanccoepSourh 10/15/21) BancorpSouth Bank and Cadence Bancorporation Receive Final Regulatory Approval for Merger - Oct 15, 2021 (investorroom.com) 

UPDATE: Cadence Bank (CADE) announced Oct. 29 the successful closing of its previously announced merger in which legacy Cadence Bancorporation merged into BancorpSouth Bank, with BancorpSouth as the surviving company. Upon the completion of the merger, BancorpSouth was renamed Cadence Bank, and its stock will trade on the New York Stock Exchange under the symbol "CADE" beginning Oct. 29. (Source: Cadence Bank 10/29/21)