FIG Partners Advised State Bank Financial Corporation In $1.4 Billion Merger With Cadence Bancorporation

FIG Has Now Completed 101 M&A Transactions Totaling
$5.9 Billion In Transaction Value

ATLANTA, May 14, 2018 — Cadence Bancorporation (NYSE:CADE) and State Bank Financial Corporation (NASDAQ:STBZ) have announced a merger agreement in a stock-for-stock transaction valued at $1.4 billion.

Advised State Bank Financial Corporation In $1.4 Billion MergerThe agreement creates a combined organization with $16 billion in assets, $12 billion in loans, $13 billion in deposits and approximately 100 branches in Texas, Georgia, Florida, Alabama, Tennessee and Mississippi.

Under the terms of the agreement, State Bank Financial Corporation shareholders will receive 1.160 shares of Cadence Bancorporation Class A common stock for each share of State Bank common stock, valuing the transaction at approximately $1.4 billion based on the closing share price of Cadence of $30.23 on May 11, 2018.

After closing, legacy Cadence and State Bank shareholders will own approximately 65% and 35% of the combined company, respectively.

“We are excited to be partnering with Cadence,” said State Bank Chairman Joe Evans. “From this incredible combination of talents and resources will emerge a truly exceptional bank that will be a formidable competitor in the dynamic markets we serve.”

FIG provided a fairness opinion to State Bank Financial Corporation, led by Matthew Veneri, Managing Principal and Co-Head of Investment Banking.

More information is available here.

Since 2003, FIG has been the trusted advisor to community banks and investors. To learn more about FIG’s investment banking services, visit www.figpartners.com.

FIG Advised Business BancsharesFIG Partners