Cadence Bank has received all necessary regulatory approvals to complete its proposed merger with FCB Financial Corp., the parent company of Savannah-based First Chatham Bank.
The merger is expected to take effect May 1, pending customary closing conditions. As of Dec. 30, 2024, First Chatham reported $589 million in total assets, $326 million in loans and $507 million in deposits.
“First Chatham Bank has served the Greater Savannah community for more than two decades,” said Dan Rollins, chairman and CEO of Cadence Bank. “Their dedication to customers aligns with our culture, and we look forward to welcoming their team and customers.”
Cadence Bank, headquartered in Houston and Tupelo, operates more than 350 locations across the South and Texas. The company reported approximately $50 billion in assets.
