Cadence Bank Announces Strategic Business Alliance With Unity National Bank of Houston
June 08 2021 - 9:03AM
Business Wire
Cadence Bank, a subsidiary of Cadence Bancorporation (NYSE:
CADE), today announced a strategic business alliance with
Houston-based Unity National Bank of Houston (Unity National Bank),
the only Black-owned banking institution in Texas. The cooperative
alliance brings growth capital to Unity National Bank,
strengthening its ability to make commercial loans and deliver
other banking and financial solutions to businesses, individuals
and families in minority and underserved communities in Greater
Houston and Atlanta.
Unity National Bank, originally founded in 1963 as Riverside
National Bank, is an independent community bank providing
commercial and retail banking services and quality customer
service, and proudly serves as a role model to other businesses in
the Black community. Additionally, Unity National Bank is one of
two Black minority depository institutions (MDI) with a national
charter.
Through this strategic mentor-bank relationship, Cadence Bank
will provide certain advisory services to Unity National Bank. Such
services include, but are not limited to, advice on information
technology management; strategies for the design, development and
implementation of new banking products and services;
recommendations for talent recruitment, associate training and
development; and guidance on loan originations.
“We share Unity National Bank’s commitment to revitalizing
minority and underserved communities and value the strategic
alliance we have formed, knowing that collectively we can make a
stronger impact,” said Hank Holmes, president of Cadence Bank.
“It’s a privilege to work together, and we look forward to
delivering positive progress in meeting our communities’ banking
needs.”
Laurie Vignaud, president & CEO of Unity National Bank,
added: “We appreciate Cadence Bank’s commitment to ensuring our
underserved communities have the support and resources needed to
make a meaningful impact. The COVID-19 pandemic has
disproportionately impacted our minority and low to moderate income
communities. Supporting our small businesses is needed now more
than ever, and our collaboration will help us provide the
much-needed support our communities are asking for.”
For more information about the respective institutions, visit
cadencebank.com and unitybanktexas.com.
About Cadence Bank
Cadence Bank is a leading regional banking franchise with $18.8
billion in assets as of March 31, 2021, and 98 branch locations in
Alabama, Florida, Georgia, Mississippi, Tennessee, and Texas.
Backed by 133 years of financial expertise, Cadence 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, personal and 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 1,900
associates is committed to exceeding customer expectations and
helping their clients succeed financially. Cadence Bank, N.A. is a
subsidiary of Cadence Bancorporation (NYSE: CADE). For additional
information, visit cadencebank.com. Cadence Bank, N.A. Member FDIC.
Equal Housing Lender. NMLS#525022.
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Danielle Kernell Cadence Bank 713-871-4051 direct | 713-392-7709
mobile danielle.kernell@cadencebank.com
Sheena Cochran Cadence Bank 713-871-4072 direct | 281-740-4366
mobile sheena.cochran@cadencebank.com
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