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BancorpSouth Bank and Cadence Bancorporation to combine in transformational merger
Creates a Premier Regional Banking Franchise across Texas and the Southeast
Merger creates the 5th largest bank with headquarters in nine-state footprint
Financially compelling transaction for both companies shareholders
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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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