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Cadence Bancorp $1.4 billion acquisition of State Bank Financial Corp

13/5/2018
Public acquisition
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$ 1.4 billion

Announced

13/5/2018

Overview:

  • Cadence Bancorp has acquired State Bank Financial Corp in a $1.4 billion deal. 
  • The combined banks will operate roughly 100 branches in the US Southeast. 
  • Goldman Sachs acted as financial adviser for Cadence and Sandler O'Neill + Partners and Raymond James advised State Bank. 
  • The transaction is expected to close in the fourth quarter of 2018. 

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Banking

Firms:
Nelson Mullins Riley & Scarborough

Party: State Bank Financial Corp (Target)

Wachtell Lipton Rosen & Katz

Party: Cadence Bancorp (Acquirer)

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