On January 1, 2019, Cadence Bancorporation completed its previously announced merger with State Bank Financial Corporation, pursuant to the Agreement and Plan of Merger, dated as of May 11, 2018, by and between the company and State Bank. At the effective time of the Merger (the Effective Time), State Bank merged with and into the company, with the company surviving the Merger. Immediately following the Merger, State Bank's wholly owned bank subsidiary, State Bank and Trust Company, merged with and into the company's wholly owned bank subsidiary, Cadence Bank, N.A. (the Bank Merger), with Cadence Bank surviving the Bank Merger. In connection with the Merger and pursuant to the terms of the Merger Agreement, on January 1, 2019, the company increased the size of its Board of Directors, effective immediately after the Effective Time, from six members to nine members and appointed three former State Bank directors to the Board. Upon the recommendation of State Bank, and after reviewing their relevant experiences and background and discussing the same, the company's Nominating and Corporate Governance Committee nominated, and the Board, after its own review and discussion approved, the appointment of Joseph W. Evans, J. Thomas Wiley, Jr. and Virginia A. Hepner to serve on the Board, effective immediately after the Effective Time. Ms. Hepner, Mr. Evans and Mr. Wiley will serve, respectively, for terms expiring at the company's 2019, 2020 and 2021 annual stockholder meetings, subject to prior death, resignation or removal from office as provided by law. In addition, effective immediately after the Effective Time, Mr. Evans was appointed the Vice Chairman of the company, and Mr. Wiley was appointed the Chairman of Cadence Bank. Each of the New Directors has also been assigned to serve on certain committees of the Board. In particular, each of Mr. Wiley and Mr. Evans has been named as a member of the Risk Committee, Mr. Evans has been named as a member of the Nominating and Corporate Governance Committee, and Ms. Hepner has been named as a member of the Audit Committee.
Cadence Bank (the Bank) is a regional banking franchise with approximately 350 branch locations across the South and Texas. The Bank provides consumers, businesses, and corporations with a range of banking and financial solutions. The Bank's services and products include consumer banking, consumer loans, mortgages, home equity lines and loans, credit cards, commercial and business banking, treasury management, specialized lending, asset-based lending, commercial real estate, equipment financing, correspondent banking, small business administration (SBA) lending, foreign exchange, wealth management, investment and trust services, financial planning, retirement plan management. The Bank offers baking solution in checking accounts, savings accounts, mortgages, investment management, credit cards, online and mobile banking, debit cards, treasury management, wealth management, trusts, business loans, business online banking, and merchant services.
CADENCE BANK 
