Overview of Cadence Bank

Cadence Bank was established in 1876 and its main office is located in the city of Tupelo in Mississippi. The bank currently has total assets of $47.2 billion, total net loans outstanding to customers of $27.1 billion and total customer deposits of $40.6 billion. In addition, the FDIC estimates that 54% of the bank’s domestic deposits are insured. As of this writing, the bank employs 6,568 people. Cadence Bank is also a bank that uses Zelle – this means that its customers can transfer money quickly and for free using the Zelle Network. The bank continues to operate under the name Cadence Bank following its merger in 2021 with BancorpSouth Bank which received regulatory approval on October 15, 2021 and was completed on October 29, 2021. BancorpSouth Bank customers will now be able to use their debit cards at any Cadence ATM with no fees and will notice their bill payments adopting the Cadence Bank name.

Other Information for Cadence Bank

  • Cadence Bank Routing Number: 84201278
  • Main Office Address: 201 S Spring St, Tupelo, MS 38804
  • Website: www.bancorpsouth.com
  • Total Number of Branches: 462
  • Total Number of International Branches: None
  • Number of Employees: 6,568
  • FDIC Certificate Number: 11813
  • FDIC Community Bank: No
  • FDIC Field Office: Jackson Ms
  • Independent or Subsidiary Bank: Independent
  • Federal Reserve ID Number: 606046
  • Bank Charter Class: NM
  • Primary Regulator: FDIC

Cadence Bank Financial Metrics (as of March 2022):

  • Total Assets: $47.2 billion (increase of 83.0% vs. prior year)
  • Net Loans: $27.1 billion (increase of 76.5% vs. prior year)
  • Total Deposits: $40.6 billion (increase of 94.4% vs. prior year)
  • Return on Equity: 9.3%
  • Return on Assets: 0.97%