BancorpSouth, Cadence banks enter into merger agreement Cadence Bank was founded in Starkville 134 years ago. Starkville currently has three Cadence Bank branches. Tyler B. Jones/Dispatch Staff
BancorpSouth Bank and Cadence Bank will be merging the two companies into a new company under the name Cadence Bank. Current Cadence Bank Chairman and CEO Paul Murphy and BancorpSouth Board Chairman and CEO Dan Rollins made the merger announcement in a press release Monday. Courtesy photo
The new combined company will operate as Cadence Bank, though with the merger BancorpSouth shareholders will own 55 percent of the combined company’s stock. The two companies are taking both banks’ logo aesthetics to create one combined logo.