Fintech: Southeast News

Fintech Southeast News curated each weekday for Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee

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Posted August 18, 2021

 

TUPELO, Miss., Aug. 9, 2021 /PRNewswire/ -- BancorpSouth Bank (NYSE: BXS) shareholders today voted to approve its merger with Cadence Bancorporation (NYSE: CADE), the parent company of Cadence Bank, N.A, during a special meeting of its shareholders. This is a critical step toward completing the previously announced merger, pursuant to which the companies will combine in an all-stock merger to create a company with a total market value of more than $6 billion and create a premier regional banking franchise across Texas and the Southeast. Both companies' boards of directors have previously approved the merger.


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