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OCC approves Cadence Bank/State Bank and Trust merger

The Office of the Comptroller of the Currency on Oct. 4 approved the merger between State Bank and Trust Co. and Cadence Bank NA, according to information on the OCC website.

Atlanta-based State Bank Financial Corp. is set to merge into Houston-based Cadence Bancorp. in a stock-for-stock deal valued at about $1.4 billion.