Cadence Bank (
NYSE:
CADE
It announced on Friday that it has entered into a final merger agreement with Industry Bancshares.
As per the conditions outlined in the merger pact, Cadence Bank will shell out a sum ranging from $20 million to $60 million in cash to acquire all of Industry Bancshares' issued common stock.
Once the transaction concludes, Doak Hartley, Michelle Hodge, Mike Mueller, Brent Jones, Gary Durrenberger, Kyle Holloway, Lisa Moeller, and Mike Kalina are anticipated to maintain significant positions within their local communities through the merged entity.
CADE rose 1.35% in post-market trading to reach $29.24.
Source:
Press Release
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