Federal Reserve Board announces approval of application by Cadence Bancorporation

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Federal Reserve Board announces approval of application by Cadence Bancorporation

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The following press release was published by the Board of Governors of the Federal Reserve System on Dec. 7, 2018. It is reproduced in full below.

The Federal Reserve Board on Friday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by Cadence Bancorporation, Houston, Texas, to acquire State Bank Financial Corporation (SBFC), Atlanta, Georgia, and thereby indirectly acquire SBFC's subsidiary bank, State Bank and Trust Company, Macon, Georgia.

Attached is the Board's order relating to this action.

For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System

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