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Announced

Cadence Bank to acquire FCB Financial for $104m.

Synopsis

Cadence Bank, a regional banking franchise, agreed to acquire FCB Financial, the bank holding company for First Chatham Bank, for $104m. "First Chatham Bank's deep roots in the local market and its commitment to serving customers align perfectly with our culture as a relationship-driven regional bank. Together, we'll build on shared values of service and trust to deliver meaningful financial solutions. Operating within a diverse and dynamic regional economy fueled by robust manufacturing, port operations and logistics, tourism, healthcare and real estate development, as well as an active military presence, this partnership strengthens our ability to support the individuals, families and businesses that drive our communities forward," Dan Rollins, Cadence Bank Chairman and CEO.

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