Cadence Bank Receives Regulatory Approvals for its Merger with FCB Financial Corp.

Core Viewpoint - Cadence Bank has received all necessary regulatory approvals to proceed with its merger with FCB Financial Corp, which is expected to be finalized on May 1, 2025, pending customary closing conditions [1][2]. Group 1: Merger Details - The merger will integrate First Chatham Bank, which reported total assets of $589 million, total loans of $326 million, and total deposits of $507 million as of December 30, 2024 [2]. - Cadence Bank's Chairman and CEO, Dan Rollins, expressed satisfaction with the regulatory approval and highlighted the alignment of values between Cadence Bank and First Chatham Bank [3]. Group 2: Company Overview - Cadence Bank is a regional financial services company with approximately $50 billion in assets and over 350 locations across the South and Texas, offering a range of banking and investment services [4]. - The bank has been recognized as one of the best employers and banks in the nation, reflecting its commitment to customer service and community support [4].