KBW Adds Cadence Bancorporation to Nasdaq Regional Banking Index
HOUSTON--(BUSINESS WIRE)-- Cadence Bancorporation (NYSE: CADE) today announced that it has been added to the KBW Nasdaq Regional Banking Index (Index Ticker: KRX) as part of its second quarter 2019 index rebalancing.
The addition will be effective after the market close on Friday, June 21, 2019.
“We are pleased to join the KBW Nasdaq Regional Banking Index,” said Paul B. Murphy, Jr., Chairman and CEO, Cadence Bancorporation. “It has been a good week. Having received the investment grade rating from S&P, and now being added to the index, is great news that will contribute to the positive momentum we have experienced at Cadence.”
The KBW Nasdaq Regional Banking Index is a modified market capitalization weighted index designed to track the performance of U.S. regional banks or thrifts that are publicly traded in the U.S. The index is the responsibility of Nasdaq and Keefe, Bruyette & Woods, Inc., a full‐service, boutique investment bank and broker‐dealer that specializes in the financial services sector, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF).
For more information on the KBW Nasdaq Regional Banking Index, visit https://www.kbw.com.
About Cadence Bancorporation
Cadence Bancorporation (NYSE: CADE), headquartered in Houston, Texas, is a regional financial holding company with $17.4 billion in assets as of March 31, 2019. Cadence operates 98 branch locations in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas, and provides corporations, middle-market companies, small businesses and consumers with a full range of innovative banking and financial solutions. Services and products include commercial and business banking, treasury management, specialized lending, asset-based lending, commercial real estate, SBA lending, foreign exchange, wealth management, investment and trust services, financial planning, retirement plan management, business insurance, consumer banking, consumer loans, mortgages, home equity lines and loans, and credit cards. Clients have access to leading-edge online and mobile solutions, interactive teller machines, and more than 55,000 ATMs. The Cadence team of 1,800 associates is committed to exceeding customer expectations and helping their clients succeed financially.
Source: Cadence Bancorporation