Bailout Bank Bio: Cadence Financial

Jan 7, 2009 | 1 min read | Print Article

Cadence Financial Corporation is a financial holding company, with assets consisting primarily of its investment in Cadence Bank. Cadence Bank’s customers are in the states of Alabama, Florida, Georgia, Mississippi and Tennessee. Cadence Financial Corporation is based in Starkville, Mississippi. In exchange for preferred stock and warrants, Cadence Financial will receive $44 million through the Treasury Department’s Capital Purchase Program.

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Bailout Bank Bio: Cadence Financial


Federal Equity Investment	$44 million
Total Revenue	$144.71 million
Net Income	$9.80 million
Number of Employees	430
Corporate Headquarters	Starkville, Mississippi
Business Sector	Financial
Officers and Directors	Lewis F. Mallory Jr., Chairman of the Board and Chief Executive Officer of Cadence Financial Corporation and Cadence Mark A. Abernathy, President, Chief Operating Officer, Director Richard T. Haston, Chief Financial Officer, Executive Vice President, Assistant Secretary David Byars, Director Robert L. Calvert III, Director Robert A. Cunningham, Director Robert S. Caldwell Jr., Director J. Nutie Dowdle, Director
Corporate Website	http://www.cadencebanking.com
Executive Compensation	Cadence Financial