Cadence Bank has completed its previously announced merger with FCB Financial Corp., the holding company for First Chatham Bank, based in Savannah, Georgia.
The merger strengthens Cadence’s presence in Savannah and the coastal Georgia region, aligning with the bank’s strategic growth plans.
“With the completion of our merger, we’re positioned to continue our growth in Georgia and specifically in the Savannah market, offering a full suite of financial products and services and creating new opportunities to benefit our teammates, customers, communities and shareholders,” Dan Rollins, chairman and CEO of Cadence Bank, said. “This merger presents an exciting opportunity to join forces with an institution that shares our dedication to serving the community through relationship-driven banking. We are excited Ken Farrell, leader of FCB Financial for many years, is joining Cadence in an important leadership role in Savannah.”
Cadence has not disclosed additional terms of the merger but noted that integration efforts are underway.
