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Cadence Bancorp closes acquisition of State Bank Financial

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Cadence Bancorp closes acquisition of State Bank Financial

Houston-based Cadence Bancorp. and Atlanta-based State Bank Financial Corp. completed their merger, effective Jan. 1.

Macon, Ga.-based State Bank and Trust Co., a subsidiary of State Bank Financial, will operate as "State Bank and Trust Co., a division of Cadence Bank NA," until its scheduled systems conversion in February.

In connection with the merger, State Bank Chairman Joe Evans joined the Cadence board as vice chairman; State Bank CEO and Vice Chairman Tom Wiley joined the Cadence board as a director and the Cadence Bank board as chairman; and State Bank director Virginia Hepner joined the Cadence board as a director.