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National Mortgage News: Cadence Bank pledges $20.7 billion in community development lending

National Mortgage News, February 24, 2022, Cadence Bank pledges $20.7 billion in community development lending

The agreement, announced jointly on Thursday by the bank and the National Community Reinvestment Coalition, is similar to deals announced by other banks that were in the midst of or had completed large mergers. Houston-based Cadence merged with BancorpSouth Bank in Tupelo, Mississippi, in October, creating a regional bank with more than $50 billion of assets and operations in nine states.

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