Is Bancorp Bank and BancorpSouth the same bank?
News. TUPELO, Miss. and HOUSTON, Oct. 29, 2021 /PRNewswire/ — Cadence Bank (NYSE: CADE) today announced the successful closing of its previously announced merger in which legacy Cadence Bancorporation merged into BancorpSouth Bank, with BancorpSouth as the surviving company.
Is BancorpSouth changing its name?
BancorpSouth announced to customers in an email Thursday it would be changing its name to Cadence Bank. “BancorpSouth Bank and Cadence Bank joined forces in the fall of 2021, creating a premier regional bank that has equipped us to serve our customers better,” company officials said in the email.
Who bought BancorpSouth?
Cadence Bank
TUPELO • BancorpSouth is now Cadence Bank. Its merger with Cadence Bank closed today, and while BancorpSouth was the surviving company, bank officials had said it would take the Cadence Bank name. And on the New York Stock Exchange, BancorpSouth’s trading symbol “BXS” was retired, replaced with Cadence Bank’s “CADE.”
Is BancorpSouth part of Cadence Bank?
(WTVA) – Cadence Bank has a new logo following its merger with BancorpSouth Bank.
Is BancorpSouth FDIC insured?
FDIC insurance covers all deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit.
What happened to BancorpSouth?
Upon the completion of the merger, BancorpSouth was renamed Cadence Bank, and its stock will trade on the New York Stock Exchange under the symbol “CADE” beginning today.
Who bought Bancorp bank?
for $21 billion. The deal with MUFG Union Bank will add $58 billion in loans to U.S. Bancorp’s current base of $294 billion. The merger will also give U.S. Bancorp a large presence on the U.S. West Coast, especially California. The combined bank will have $723 billion in assets.
Does Bancorp Bank own chime?
Chime partners with two banks, The Bancorp Bank and Stride Bank, to support your account and create an improved member experience. Your Chime account is specifically tied to one of these banks.
Did BancorpSouth buy Cadence?
TUPELO, Miss. (AP) — Two banks with branches in the southern U.S. announced Friday that they have completed their merger. Cadence Bancorporation merged into BancorpSouth Bank, and the surviving company, BancorpSouth, was renamed Cadence Bank, the company said in a news release.