TUPELO, Miss. (WTVA) - BancorpSouth Bank and the parent company of Cadence Bank announced the two companies have entered into a merger agreement.
Under the agreement, BancorpSouth is purchasing Cadence, but the two will then operate as "Cadence Bank."
The company will combine the aesthetics of both brands and logos.
The bank will have dual headquarters in Tupelo and Houston, Texas, with operations centers in Tupelo; Birmingham, Alabama; and specialty sites in Macon, Georgia; Starkville and Houston, Texas.
The merger is expected to close in the fourth quarter of 2021.