Cadence Bank

-6.54%

Cadence Bank is a financial services company that was founded in 1888 in Starkville, Mississippi. The bank offers a range of products and services, including personal and business banking, wealth management, trust and estate planning, and mortgage lending.
The bank currently has over 100 branch locations throughout Alabama, Florida, Georgia, Mississippi, Tennessee, and Texas. It also has a strong online presence, offering online and mobile banking services to its customers.
In 2011, Cadence Bank was acquired by Community Bancorp LLC and underwent a major rebranding and restructuring in order to become a stronger, more competitive financial institution. The bank's mission is to empower people to thrive and reach their goals through sound financial advice and innovative solutions.
Additionally, Cadence Bank is committed to giving back to the communities it serves through various philanthropic efforts, including financial education programs, volunteering, and charitable donations. The bank has been recognized for its corporate social responsibility efforts, including being named a top corporate philanthropist in 2020 by the Atlanta Business Chronicle.
Overall, Cadence Bank aims to provide exceptional customer service, build and maintain strong relationships with its customers, and continuously evolve to meet the changing needs of the communities it serves.

There are several factors that make Cadence Bank a unique and special company:
1. Community-based: Cadence Bank has a strong focus on building relationships with the local communities it serves. They offer personalized financial solutions and actively participate in community events and initiatives.
2. Customer-centric: The bank places a high emphasis on delivering exceptional customer service and has been recognized multiple times for its customer satisfaction ratings.
3. Innovation: Cadence Bank has a reputation for embracing technology and innovation to enhance its services and stay ahead of the curve in the banking industry.
4. Experienced leadership: The bank is led by a highly experienced team of industry experts who have a deep understanding of the market and a proven track record of success.
5. Diverse range of products and services: Cadence Bank offers a wide range of financial products and services, including banking, lending, wealth management, and insurance, to cater to the diverse needs of its customers.
6. Community involvement: The bank has a strong commitment to giving back to the community and supports various philanthropic initiatives through donations and volunteer work.
7. Strong financial stability: Cadence Bank has a strong financial foundation and has consistently demonstrated strong financial performance, providing customers with confidence and security.
8. Personalized approach: The bank takes a personalized approach to its services, tailoring solutions to meet the unique needs of each customer.
9. Ethics and integrity: Cadence Bank is committed to conducting business with the highest level of ethical standards and integrity, earning the trust and loyalty of its customers and employees.
10. Growth and expansion: The bank has been expanding its presence through mergers and acquisitions, increasing its reach and capabilities to better serve its customers.

Cadence Bank is a regional bank in the United States that offers various financial services to individuals, businesses, and organizations. The company's business model consists of four main components:
1. Retail Banking: The core of Cadence Bank's business is retail banking, which includes services such as checking and savings accounts, personal loans, mortgages, credit cards, and online banking. This segment caters to individuals and small businesses.
2. Commercial and Business Banking: Cadence Bank offers a range of financial solutions to businesses of all sizes, including lending services, treasury management, merchant services, and payroll solutions. This segment is focused on meeting the needs of commercial clients and providing them with tailored financial solutions.
3. Wealth Management: This segment provides investment, insurance, and financial planning services to high net worth individuals and families. Cadence Bank's wealth management advisors work closely with clients to develop personalized strategies for asset allocation, retirement planning, and portfolio management.
4. Corporate and Specialty Banking: This segment serves middle-market and large corporate clients, offering a wide range of financial services such as corporate lending, capital markets, asset-based lending, and healthcare banking. The Corporate and Specialty Banking division also focuses on niche markets such as energy, real estate, and entertainment.
Overall, Cadence Bank's business model revolves around delivering a comprehensive range of financial solutions to diverse customer segments. By targeting various client groups, the company diversifies its revenue streams and minimizes risks associated with any particular market segment. Additionally, by offering a mix of traditional and innovative services, Cadence Bank differentiates itself from competitors and aims to deliver a superior customer experience.

+ Cadence Bank was founded in 1888 as First State Bank of Alabama, making it one of the oldest banks in the state.
+ In the 1970s, the bank changed its name to Cadence Bank to reflect its growth and expansion into new markets.
+ The bank has a strong presence in the Southeastern United States, with over 100 branch locations in Alabama, Florida, Georgia, Mississippi, Tennessee, and Texas.
+ Cadence Bank is a subsidiary of Cadence Bancorporation, which has been listed on the New York Stock Exchange since its IPO in 2017.
+ The bank offers a wide range of financial services, including personal banking, business banking, wealth management, and commercial lending.
+ Cadence Bank has nearly $18 billion in assets and serves over 500,000 customers.
+ The bank has a strong commitment to community involvement and philanthropy, with a focus on supporting education, economic development, and healthcare initiatives in the communities it serves.
+ In 2019, Cadence Bank was named the Best Bank in Alabama by Money magazine.
+ The bank has received numerous awards and recognition for its customer service, including being named one of the Best Banks to Work For by American Banker Magazine.
+ As part of its commitment to diversity and inclusion, Cadence Bank has established a Diversity & Inclusion Council and offers various resources and programming for its employees.
See Company Due Diligence: