Cadence Bank Financial Information and Acquisitions

Cadence Bank has a strong financial foundation, with total assets of $14.1 billion as of 2022. This significant growth is a testament to the bank's strategic acquisitions and expansion efforts.

Cadence Bank's financial information reveals a steady increase in deposits, reaching $10.6 billion by 2022. This growth demonstrates the bank's ability to attract and retain customers.

The bank's acquisition of Bank of Jackson in 2021 marked a significant milestone in its expansion strategy. This acquisition added $1.4 billion in assets and $1.1 billion in deposits to Cadence Bank's portfolio.

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Cadence Bank has recently made some exciting announcements. They have been expanding their services to meet the growing needs of their customers.

Cadence Bank acquired Bank of Jackson Hole in 2022, increasing their presence in the western United States. This acquisition added 4 branches and $1.2 billion in assets to their portfolio.

Their commitment to innovation is evident in their recent launch of a new mobile banking app. This app allows customers to easily manage their accounts, transfer funds, and pay bills on the go.

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Cadence Bank has been recognized for their community involvement and philanthropic efforts. They have been named one of the top corporate philanthropists in the country by the National Corporate Philanthropy Index.

Their dedication to customer satisfaction is reflected in their high customer satisfaction ratings. In a recent survey, 95% of customers reported being satisfied with their banking experience.

Cadence Bank has been recognized for their commitment to diversity, equity, and inclusion. They have been named one of the best places to work for diversity by the Human Rights Campaign.

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CadE Stock is a great way to get a snapshot of Cadence Bank's performance. It's currently trading at 49.8% below its estimated fair value.

Cadence Bank's earnings are forecast to grow 6.08% per year. This means investors can expect steady returns on their investment.

The current share price of Cadence Bank is $33.16. This is a significant decrease from its 52-week high of $40.20.

On a similar theme: Cadence Bank Stock Quote

Over the past year, the stock has shown a 21.78% change, which is a notable increase. However, it's worth noting that the stock has also experienced a 5.80% decrease in the past month.

Here's a breakdown of Cadence Bank's price history over the past few years:

Cadence Bank uses TransUnion to assess creditworthiness when applying for a credit card, though they may use Experian or Equifax instead.

To increase chances of approval, it's essential to have your credit reports unfrozen before applying for a Cadence Bank credit card, especially if any of them are currently frozen.

If you're planning to apply for a mortgage, Cadence Bank offers a variety of mortgage options, including conforming, FHA, Jumbo, VA, and USDA mortgages, as well as HELOCs.

Cadence offers a wide range of services to cater to different financial needs.

They have checking and savings accounts that allow you to manage your daily finances efficiently.

You can also get loans and credit cards to help you cover unexpected expenses or make large purchases.

For long-term financial planning, they offer wealth management services to help you grow your wealth over time.

In addition to personal banking services, Cadence also offers business banking and treasury management services for entrepreneurs and small business owners.

Their services include conforming, FHA, Jumbo, VA, and USDA mortgages, as well as home equity lines of credit (HELOCs), to help you purchase or refinance a home.

Here are some of the specific mortgage options offered by Cadence:

In the world of credit and approval, several competitors offer similar services, but with varying terms and conditions.

Some of the most notable competitors include Experian, Equifax, and TransUnion, which are the three major credit reporting agencies in the US.

These agencies collect and analyze credit data from various sources, including credit card companies, lenders, and public records.

They use this data to generate credit scores, which lenders use to determine an individual's creditworthiness.

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Competitors like FICO, VantageScore, and Credit Karma also offer credit scoring services, often with their own proprietary algorithms.

However, the three major credit reporting agencies hold the majority of the market share in the US.

Their credit scores are widely accepted by lenders and other financial institutions, making them a crucial part of the credit and approval process.

Cadence Bank is acquiring FCB Financial Corp, the bank holding company for First Community Bank. This acquisition is a significant development in the banking industry.

The acquisition is through a definitive merger agreement, which is a formal agreement between two parties to merge their businesses. This type of agreement typically outlines the terms and conditions of the merger.

Cadence Bank is a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol CADE. This listing indicates that the company is publicly accountable and transparent in its financial dealings.

The acquisition is a strategic move by Cadence Bank to expand its operations and customer base. By merging with FCB Financial Corp, Cadence Bank will gain access to new markets and customers.

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Cadence Bank mainly uses TransUnion to assess your creditworthiness when you apply for a credit card. They may also use Experian or Equifax, although this is based on anecdotal evidence.

If you've frozen any of your credit reports, it's a good idea to unfreeze them before applying for a Cadence Bank credit card.

Cadence Bank uses ChexSystems to screen applicants for a new Budget Smart Checking account.

Cadence Bank offers a range of personal banking services, including checking and savings accounts, loans, and credit cards.

Cadence Bank has over 100 locations across the Southeast, making it a convenient option for those in the region.

What is the minimum balance required to avoid monthly maintenance fees on Cadence Bank checking accounts? The minimum balance is $1,500.

Cadence Bank offers a rewards credit card with no annual fee, which can be a great option for those who want to earn rewards without paying extra.

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What is the interest rate on Cadence Bank's personal loans? The interest rate varies depending on creditworthiness, but it ranges from 6.99% to 18.99%.

Cadence Bank's mobile banking app allows users to check their account balances, make payments, and transfer funds on the go.

Can I access my Cadence Bank account online? Yes, you can access your account online through the bank's website.

Cadence Bank offers a range of business banking services, including business checking and savings accounts, loans, and credit cards.

What are the business hours for Cadence Bank locations? Business hours vary by location, but most locations are open Monday through Friday from 9am to 5pm.

Cadence Bank has a customer service team available to answer questions and help with issues, 24/7.

Can I deposit checks remotely using Cadence Bank's mobile app? Yes, you can deposit checks remotely using the app.

Cadence Bank offers a range of investment services, including brokerage accounts and retirement accounts.

What is the minimum deposit required to open a Cadence Bank brokerage account? The minimum deposit is $1,000.

Take a look at this: Open Banking Platform

Cadence Bank's investment services are managed by a team of experienced financial advisors.

Can I access my Cadence Bank investment account online? Yes, you can access your investment account online through the bank's website.

Cadence Bank offers a range of insurance services, including life insurance and disability insurance.

What is the process for filing a claim with Cadence Bank's insurance services? The process varies depending on the type of insurance, but you can contact the bank's customer service team for assistance.

Cadence Bank's insurance services are designed to provide peace of mind and financial protection.

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