BancorpSouth Bank and Cadence Bancorporation Merger to Form a Leading Texas and Southeastern Regional Bank

Huntington Bancshares Acquires Cadence Bank

February 3, 2026

Financial Services

Huntington Bancshares announced that it entered into a definitive agreement to acquire Cadence Bank in a 100% stock transaction. The deal was later closed in early February 2026, combining two regional banking franchises to expand Huntington’s footprint across Texas and the broader South.

Prosperity Bancshares Acquires Southwest Bancshares and Texas Partners Bank

February 1, 2026

Financial Services

Prosperity Bancshares, Inc., the parent company of Prosperity Bank, signed a definitive agreement to acquire Southwest Bancshares, Inc., the parent holding company of Texas Partners Bank. The merger was completed on February 1, 2026, with Texas Partners Bank also merging into Prosperity Bank and continuing under the Texas Partners Bank name until operational integration in November 2026.

Cadence Bank Acquires Industry Bancshares, Inc.

July 1, 2025

Financial Services

Cadence Bank signed a definitive merger agreement to acquire Industry Bancshares, the bank holding company for multiple Texas community banks. The deal expands Cadence’s Texas presence and provides a combined platform serving customers across Central and Southeast Texas.

Cadence Bank Acquires FCB Financial Corp (First Chatham Bank)

May 1, 2025

Financial Services

Cadence Bank signed a definitive merger agreement to acquire FCB Financial Corp., the bank holding company for First Chatham Bank, a community bank based in Savannah, Georgia. The merger was later completed on May 1, 2025, expanding Cadence’s presence in the Savannah and coastal Georgia markets.

Arthur J. Gallagher & Co. Acquires Cadence Insurance, Inc.

November 30, 2023

Insurance

Arthur J. Gallagher & Co. has completed the acquisition of Cadence Insurance, Inc., a Baton Rouge–headquartered insurance subsidiary of Cadence Bank. As part of the transaction, Gallagher will become the preferred insurance broking partner of Cadence Bank, expanding its distribution and insurance capabilities.

First Bancorp Acquires GrandSouth Bancorporation

January 1, 2023

Financial Services

First Bancorp (parent of First Bank) completed its acquisition of GrandSouth Bancorporation (the parent of GrandSouth Bank) effective January 1, 2023 in an all-stock merger (0.91 shares of First Bancorp per GrandSouth share). The deal expands First Bank's presence in South Carolina by adding GrandSouth's eight branches and is expected to accelerate First Bancorp's South Carolina growth, creating a combined company with approximately $12 billion in assets and 118 branches.