Baird served as a co-manager on this offering
AboutCadence Bancorporation (NYSE: CADE) recently completed a follow-on offering of 10,925,000 shares of common stock at a price of $22.00 per share, generating gross proceeds of $240.4 million. Cadence Bancorporation will not receive any of the proceeds from the sale of the shares of Class A common stock sold in this offering. All of the shares in this offering were sold by the selling stockholder.
Cadence Bancorporation is a bank holding company and a Delaware corporation, and is the parent company of Cadence Bank. Formed in 2009 by banking industry veterans, Cadence Bancorporation secured $1.0 billion of capital commitments in 2010 and built the franchise on the heels of three successful acquisitions: Cadence Bank in March 2011, the franchise of Superior Bank in April 2011 and Encore Bank, N.A. in July 2012. Today, Cadence Bancorporation is a growth-oriented, middle-market focused commercial relationship bank providing a broad range of banking and wealth management services to businesses, high net worth individuals, business owners and retail customers through a network of 65 branches as of June 30, 2017, with branches in Alabama (25), Florida (14), Texas (11), Mississippi (11) and Tennessee (4). Cadence Bancorporation completed its initial public offering and listing on the NYSE in April 2017. As of June 30, 2017, Cadence Bancorporation had $9.8 billion of assets, $7.7 billion of gross loans, $7.9 million in deposits and $1.3 billion in shareholders’ equity. Cadence Bancorporation generated $55.1 million of net income for the six months ended June 30, 2017 and $65.8 million of net income for the year ended December 31, 2016. Cadence Bancorporation is headquartered in Houston, Texas.
CONTACT US TO LEARN MORE
- November 2017
- Cadence Bancorporation
- Technology & Services
- Target Location
- North America
BGRS, a subsidiary of Relo, combination with SIRVA, a portfolio company of MDP
BHI, a portfolio company of AEI, acquisition by Westinghouse, a portfolio company of Brookfield