Cadence Bank Announces Plans to Relocate its Bank ...
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Contact: Danielle Kernell Cadence Bank, N.A. 713-871-4051 direct | 713-392-7709 mobile [email protected]
Cadence Bank Announces Plans to Relocate its Bank Headquarters within Birmingham
Move Underscores Cadence’s Sustained Growth Mode and Commitment to City BIRMINGHAM, Ala. (Aug. 1, 2012) — Cadence Bank, a leading regional bank with more than 100 branches across five Southeastern states and in Texas, today announced plans to move its bank headquarters to Concord Center located at 2100 Third Ave. North in Birmingham. The move underscores the bank’s commitment to the City of Birmingham and signifies its growth, modernization and increased use of technology. The move is expected to take place before the end of 2012. “The relocation of our bank headquarters within Birmingham is just one step of many that we have planned for Cadence as we continue to execute our growth strategy,” said Sam Tortorici, CEO of Cadence Bank. “We are excited about our plans to further build our commercial banking and wealth services sectors while remaining strong in the retail space. Our innovative vision has enabled us to employ some of the very best minds in today’s banking world.” Cadence Bank conducted a competitive search to identify the new location for its bank headquarters, and Birmingham ranked as the number one city for Cadence to grow and prosper. A number of parties are to be thanked for developing a highly attractive package that made Birmingham the obvious choice. “Mayor William Bell, the Mayor’s Office of Economic Development and the Birmingham City Council, amid a host of others, have been exceedingly supportive in helping us to identify Birmingham as the right place for the bank’s future,” said Tortorici. “The package they have presented to us provides an attractive cost of doing business here long term. We are grateful for their efforts to retain our presence in Downtown Birmingham.” Cadence Bank also extends its gratitude to: Gov. Robert Bentley; Greg Canfield, Secretary of Commerce, Alabama Department of Commerce; and the Birmingham Parking Authority. Tortorici added: “We entered this process with an open mind as there were many factors to consider. We know Birmingham is a great place to live and do business, and we are all pleased with the outcome. It’s exactly where we want to be as we continue to grow.”
Cadence will work with more than 15 different vendors, almost exclusively Alabama-based companies, to convert the 54,742-square-foot space into a high tech office with workspaces to accommodate 200 associates and a designated training area. A small modern bank branch and ATM will be housed on the ground floor. Cadence currently maintains its headquarters in the historic John Hand Building on 20th Street North. “Our sound financial footing, new office space and the expanded team of talented bankers that we’ve employed affirm our allegiance to this great city,” Tortorici said. About Cadence Bank Cadence Bank, N.A., a wholly-owned subsidiary of Cadence Bancorp, LLC, is a $5.5 billion bank that operates more than 100 locations across Alabama, Florida, Georgia, Mississippi, Tennessee and Texas. Cadence provides consumers, small- and middle-market businesses, and commercial clients with a full range of banking, financial management, investment and trust services, treasury management, international, retail and mortgage products. Backed by 126 years of financial expertise, Cadence is a sound source of capital for companies operating within its six-state footprint and specializes in industry-leading treasury management services. Driven to do the right thing, Cadence’s mission is to use all of its resources, tools and services to deliver on customers’ goals, accelerate growth and fund innovation. Additional information about Cadence and its full line of products and services can be found at www.cadencebank.com. ###
Contact: Danielle Kernell Cadence Bank, N.A. 713-871-4051 direct | 713-392-7709 mobile [email protected]
Cadence Bank Announces Plans to Relocate its Bank Headquarters within Birmingham
Move Underscores Cadence’s Sustained Growth Mode and Commitment to City BIRMINGHAM, Ala. (Aug. 1, 2012) — Cadence Bank, a leading regional bank with more than 100 branches across five Southeastern states and in Texas, today announced plans to move its bank headquarters to Concord Center located at 2100 Third Ave. North in Birmingham. The move underscores the bank’s commitment to the City of Birmingham and signifies its growth, modernization and increased use of technology. The move is expected to take place before the end of 2012. “The relocation of our bank headquarters within Birmingham is just one step of many that we have planned for Cadence as we continue to execute our growth strategy,” said Sam Tortorici, CEO of Cadence Bank. “We are excited about our plans to further build our commercial banking and wealth services sectors while remaining strong in the retail space. Our innovative vision has enabled us to employ some of the very best minds in today’s banking world.” Cadence Bank conducted a competitive search to identify the new location for its bank headquarters, and Birmingham ranked as the number one city for Cadence to grow and prosper. A number of parties are to be thanked for developing a highly attractive package that made Birmingham the obvious choice. “Mayor William Bell, the Mayor’s Office of Economic Development and the Birmingham City Council, amid a host of others, have been exceedingly supportive in helping us to identify Birmingham as the right place for the bank’s future,” said Tortorici. “The package they have presented to us provides an attractive cost of doing business here long term. We are grateful for their efforts to retain our presence in Downtown Birmingham.” Cadence Bank also extends its gratitude to: Gov. Robert Bentley; Greg Canfield, Secretary of Commerce, Alabama Department of Commerce; and the Birmingham Parking Authority. Tortorici added: “We entered this process with an open mind as there were many factors to consider. We know Birmingham is a great place to live and do business, and we are all pleased with the outcome. It’s exactly where we want to be as we continue to grow.”
Cadence will work with more than 15 different vendors, almost exclusively Alabama-based companies, to convert the 54,742-square-foot space into a high tech office with workspaces to accommodate 200 associates and a designated training area. A small modern bank branch and ATM will be housed on the ground floor. Cadence currently maintains its headquarters in the historic John Hand Building on 20th Street North. “Our sound financial footing, new office space and the expanded team of talented bankers that we’ve employed affirm our allegiance to this great city,” Tortorici said. About Cadence Bank Cadence Bank, N.A., a wholly-owned subsidiary of Cadence Bancorp, LLC, is a $5.5 billion bank that operates more than 100 locations across Alabama, Florida, Georgia, Mississippi, Tennessee and Texas. Cadence provides consumers, small- and middle-market businesses, and commercial clients with a full range of banking, financial management, investment and trust services, treasury management, international, retail and mortgage products. Backed by 126 years of financial expertise, Cadence is a sound source of capital for companies operating within its six-state footprint and specializes in industry-leading treasury management services. Driven to do the right thing, Cadence’s mission is to use all of its resources, tools and services to deliver on customers’ goals, accelerate growth and fund innovation. Additional information about Cadence and its full line of products and services can be found at www.cadencebank.com. ###
