Second MS banking merger this week. See what Cadence Bank has done for more than $100 million
Cadence Bank, based in Tupelo, has entered a deal, valued at about $103.6M, to acquire FCB Financial, the holding company for First Chatham Bank, according to industry news. As consideration for the merger, Cadence will issue 2.3 million shares of its stock and $23.1M in cash for FCB’s outstanding shares.