BancorpSouth (BXS) to Combine with Cadence Bancorporation (CADE)

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BancorpSouth Bank and Cadence Bancorporation to combine in transformational merger

April 12, 2021 6:30 AM EDT

TUPELO, Miss. and HOUSTON, April 12, 2021 /PRNewswire/ -- BancorpSouth Bank (NYSE: BXS) ("BancorpSouth") and Cadence Bancorporation (NYSE: CADE) ("Cadence"), the parent company of Cadence Bank, N.A., jointly announced today that they have entered into a merger agreement under which the companies will combine in an all-stock merger with a total market value of more than $6 billion to create a leading Texas and Southeastern regional bank.

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