BancorpSouth Bank, a regional bank headquartered in Tupelo, Mississippi, completed the merger with Cadence Bancorporation, the parent company of Cadence Bank, in a $6bn deal. "Cadence has built an impressive commercial banking franchise that when combined with the strengths of our team at BancorpSouth seems to be a perfect fit. This strategic merger will allow us to expand our reach and offerings with minimal overlap in our existing branch network. Culturally speaking, our mission and values align really well together. Mergers are all about people, and what's important to note here is that our leadership teams are in sync. By joining forces, it's easy to see that we'll be able to make a significant impact on our customers and communities while driving long-term shareholder value," Dan Rollins, BancorpSouth Chairman and CEO. On August 9, 2021, BancorpSouth shareholders voted to approve the merger.