Cadence Bank and FCB Financial Corp.: A New Merger in the Banking Industry
HOUSTON, TEXAS, and TUPELO, MISSISSIPPI, March 24, 2025 – Cadence Bank (NYSE: CADE), a leading regional financial institution based in Houston, Texas, and FCB Financial Corp., the bank holding company for First Chatham Bank in Savannah, Georgia, are thrilled to announce that they have received all necessary regulatory approvals to complete their proposed merger. This merger is expected to create a stronger and more diversified financial institution, better positioned to serve its customers and communities.
Background on the Merger
The merger, which was first announced in January 2025, will see Cadence Bank acquire FCB Financial Corp. and its subsidiary, First Chatham Bank. The combined entity will have approximately $30 billion in assets and will operate under the Cadence Bank name. This merger marks Cadence Bank’s continued expansion into the Southeastern United States.
Impact on Customers
The merger is expected to bring several benefits to Cadence Bank’s and First Chatham Bank’s customers. With a larger footprint and increased resources, the combined institution will be able to offer a broader range of financial products and services. Existing customers of both banks can look forward to enhanced digital banking capabilities, more convenient branch locations, and potentially lower fees and interest rates.
- Expanded product offerings: The merger will allow the combined institution to offer a wider range of financial products and services, including commercial and consumer lending, wealth management, and treasury services.
- Improved digital banking: Cadence Bank has been known for its strong digital banking capabilities, and First Chatham Bank customers will soon have access to these innovative tools and services.
- Convenient branch locations: The merger will result in a larger branch network, allowing customers to access their accounts more easily and conveniently.
- Potential for lower fees and interest rates: With increased scale and efficiency, the combined institution may be able to offer more competitive fees and interest rates to its customers.
Impact on the World
The merger between Cadence Bank and FCB Financial Corp. is a significant event in the banking industry. This consolidation will create a stronger and more diversified financial institution, capable of serving a broader customer base and contributing to economic growth in the Southeastern United States.
Moreover, the merger is part of a larger trend in the banking industry, as financial institutions seek to grow and adapt to changing market conditions. This consolidation is expected to lead to increased competition, innovation, and efficiency in the banking sector.
Conclusion
The merger between Cadence Bank and FCB Financial Corp. marks an exciting new chapter for both institutions. By combining their resources and expertise, they will be better equipped to serve their customers and contribute to the economic growth of their communities. The merger is also a testament to the ongoing consolidation trend in the banking industry and the evolving landscape of financial services.
As a customer of either Cadence Bank or First Chatham Bank, you can look forward to a broader range of products and services, enhanced digital banking capabilities, and potentially lower fees and interest rates. The world at large can expect a stronger and more diversified financial institution capable of contributing to economic growth and innovation in the Southeastern United States. We wish both institutions the best of luck in this new endeavor.
