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Classified in: Business, Covid-19 virus
Subjects: AWD, CSR

Cadence Bank Receives Outstanding Rating in CRA Evaluation, Demonstrating Commitment to Communities

The company receives an Outstanding in Investment and Service, and High Satisfactory in Lending in Community Reinvestment Act rating

HOUSTON and TUPELO Miss., June 6, 2023 /PRNewswire/ -- Cadence Bank (NYSE: CADE) today announced its latest achievement on the Community Reinvestment Act (CRA) performance evaluation conducted by the Federal Deposit Insurance Corporation (FDIC). The bank received an Outstanding overall and in the Investment and Service categories, as well as High Satisfactory in Lending. This recognition solidifies Cadence's long-standing commitment to supporting and serving its communities.

"We are immensely proud of our team's exceptional accomplishments, which led to Cadence securing the highest CRA rating. This recognition from the regulators is a testament to our unwavering dedication to promoting economic growth and advancing financial inclusion, particularly in low- and moderate-income areas within the communities we serve," said  Dan Rollins, chairman and CEO of Cadence Bank.

Key highlights from the report include the following achievements:

Rollins continued: "The rarity of receiving an Outstanding rating from banking regulators is evident from the limited number of banks that achieve this distinction annually. With a long-standing legacy of nearly 150 years in community banking, this rating solidifies and confirms our ongoing commitment to making positive contributions to individuals and businesses across our nine-state footprint. Serving these communities is a privilege, and these evaluation results exemplify the profound impact our team members make each day."

Cadence is committed to immersing itself fully in the communities it serves. To learn more about Cadence Bank, visit CadenceBank.com.

About Cadence Bank
Cadence Bank (NYSE: CADE) is a leading regional banking franchise with more than $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, retirement plan management, and personal and business insurance. Cadence is committed to a culture of respect, diversity and inclusion in both its workplace and communities. Cadence Bank, Member FDIC. Equal Housing Lender.

SOURCE Cadence Bank

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