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PRNewswire 29-Mar-2024 1:00 PM
HOUSTON and TUPELO, Miss., March 29, 2024 /PRNewswire/ -- Cadence Bank (NYSE:CADE) today announced changes to its organizational structure, as well as new and increased responsibilities for several key executives, that will build on the company's success, create efficiencies and position it for future growth.
CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas. (PRNewsfoto/Cadence Bank)" alt="Cadence Bank (NYSE:CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas. (PRNewsfoto/Cadence Bank)">
Bagley, Braddock, Freeman, Moore and Toalson, along with Shanna Kuzdzal, chief legal officer, and Ty Lambert, chief risk officer, will report directly to Chairman & CEO Dan Rollins. Jeff Jaggers, chief operating officer, Brian Walhood, president of Community Banking, Keith Vandersteeg, chief lending officer, and Franklin will report to Chris Bagley. Kevin McMahon, deputy chief operating officer and chief information officer, will continue to report to Jaggers. The changes take effect April 1, 2024, unless otherwise noted.
"I am committed to realizing our company's vision of helping people, companies and communities prosper," said Dan Rollins. "This organizational realignment afforded us the opportunity to simplify our operating model and further the development of some of our most senior leaders. The additional responsibilities will not only empower these leaders, it will provide a foundation for driving growth and efficiencies while strengthening our focus on putting customers at the center of our business."
The new management structure streamlines the organization and eliminates management layers to expedite decision making, enhance accountability and further a laser-focused approach to client relationships. Since the merger of legacy BancorpSouth Bank and legacy Cadence Bank in October 2021, the company's Management Committee has been consolidated from 15 to 12 members.
"I could not be more encouraged for the future of Cadence Bank," added Rollins.
About Cadence Bank
Cadence Bank (NYSE:CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas. Cadence provides consumers, businesses and corporations with a full range of innovative banking and financial solutions. 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, SBA lending, foreign exchange, wealth management, investment and trust services, financial planning and retirement plan management. Cadence is committed to a culture of respect, diversity, inclusion and belonging in both its workplace and communities. Cadence Bank, Member FDIC. Equal Housing Lender.
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SOURCE Cadence Bank