Cadence Bank (1887–2021)
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Cadence Bank (1887–2021)
Cadence Bank was a US-based bank with 99 branches in Alabama, Florida, Georgia (U.S. state), Georgia, Mississippi, Tennessee and Texas. The bank was based in Atlanta, with executive and operations headquarters in Birmingham, Alabama. It was the primary subsidiary of Houston, Texas based Cadence Bancorporation, a bank holding company. The bank owned the naming rights to the Cadence Bank Amphitheatre in Atlanta. History Cadence Bank was founded as the First National Bank of Aberdeen, Mississippi, Aberdeen, on April 30, 1887. In 1972, it changed its name to the First National Bank of Monroe County, Mississippi, Monroe County in 1972. In March 1974, it merged with Peoples Bank in Starkville, Mississippi, becoming the National Bank of Mississippi in May of that year. In October 1974, it merged with the National Bank of Commerce of Columbus, Mississippi, Columbus to become the National Bank of Commerce of Mississippi. In 2005, it changed its name to Cadence Bank, N.A. The bank's par ...
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Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ...
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Cadence Bank Amphitheatre
The Synovus Bank Amphitheater (originally known as North Fulton Park Amphitheatre; formerly the Cadence Bank Amphitheatre and the Chastain Park Amphitheater) is an outdoor amphitheatre within historic Chastain Park in Atlanta, Georgia. The venue, designed by Nelson Brackin, opened in 1944 and is decreed "Atlanta’s Oldest Outdoor Music Venue". The venue attracts more than 200,000 spectators per season. History With the development of the North Fulton Park underway, Fulton County Commissioner Troy Green Chastain wanted to include an outdoor music venue alongside the other amenities of the park. Due to its last-minute addition, original plans saw outdoor bleacher-style seating with a stage and bandshell. Chastain sent scouts to Richmond, Pittsburgh, Daytona Beach, Louisville, and Chicago. The venue was modeled after amphitheatre at Byrd Park in Richmond. Construction began in 1942 and was completed in 1944. The venue opened on June 20, 1944, as the "North Fulton Park Amphitheater" ...
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Savannah Morning News
The ''Savannah Morning News'' is a daily newspaper in Savannah, Georgia. It is published by Gannett. The motto of the paper is "Light of the Coastal Empire and Lowcountry". The paper serves Savannah, its Savannah metropolitan area, metropolitan area, and parts of South Carolina. History William Tappan Thompson, author of the ''Major Jones'' series of humorous stories, along with John McKinney Cooper as publisher and owner, founded the paper on January 15, 1850 as the ''Daily Morning News''. At the end of the American Civil War, Civil War in 1865, John Cooper was pardoned by President Andrew Johnson allowing him to retain ownership of the paper. Its name was changed to the ''Daily News and Herald'', though Thompson remained as editor. Thompson left the paper in 1867 to travel in Europe. In 1868, Thompson returned and the paper was renamed again to ''The Savannah Daily Morning News'' for one edition, then changed to the current name the following day. In 1870, Joel Chandler Harri ...
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The Birmingham News
''The Birmingham News'' was the principal newspaper for Birmingham, Alabama, United States in the latter half of the 20th century and the first quarter of the 21st. The paper was owned by Advance Publications and was a daily newspaper from its founding through September 30, 2012. After that day, the ''News'' and its two sister Alabama newspapers, the '' Press-Register'' in Mobile and '' The Huntsville Times'', moved to a thrice-weekly print-edition publication schedule (Sundays, Wednesdays and Fridays). ''The News'' and its sister newspapers published their final print edition on February 26, 2023, after almost 135 years of publication. Their digital operation, AL.com, survives. History The ''Birmingham News'' was launched on March 14, 1888, by Rufus N. Rhodes as ''The Evening News'', a four-page paper with two reporters and $800 of operating capital. At the time, the city of Birmingham was only 17 years old, but was an already booming industrial city and a beacon of the " N ...
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American City Business Journals
American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes ''The Business Journals'', which contains local business news for 44 markets in the United States with each market's edition named for that market, and also publishes '' Hemmings Motor News'' and '' Inside Lacrosse''. The company is owned by Advance Publications and receives revenue from display advertising and classified advertising in its weekly newspaper and online advertising on its website and from a subscription business model. The bizjournals.com website, using the overarching online title ''The Business Journal'', contains local business news from various cities in the United States, along with an archive that contains more than 5 million business news articles published since 1996. it receives over 3.6 million readers each week. History American City Business Journals, Inc. was founded in 1982 by Mike K. Russell with the launch of the ''K ...
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Business Wire
Business Wire is an American company that disseminates full-text press releases from thousands of companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases, bloggers, social networks and other audiences. It is a wholly owned subsidiary of Berkshire Hathaway. History Business Wire was founded in 1961 by Lorry I. Lokey. It started by sending releases to 16 media outlets in California. Business Wire launched its website in May 1995. In 2000, ahead of its main competitor PR Newswire, Business Wire ended the practice of distributing news to financial outlets 15 minutes before anyone else, to provide immediate, equal access to company information as noted by the SEC's fair disclosure regulation ( Reg FD). Business Wire's first wholly owned European operation launched in 2001, with the opening of an office in London. On June 1, 2005, Business Wire entered the German Ad-Hoc market with a disclosure network ...
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Bank Failure
A bank failure occurs when a bank is unable to meet its obligations to its depositors or other creditors because it has become insolvent or too illiquid to meet its liabilities. A bank typically fails economically when the market value of its assets falls below the market value of its liabilities. The insolvent bank either borrows from other solvent banks or sells its assets at a lower price than its market value to generate liquid money to pay its depositors on demand. The inability of the solvent banks to lend liquid money to the insolvent bank creates a bank panic among the depositors as more depositors try to take out cash deposits from the bank. As such, the bank is unable to fulfill the demands of all of its depositors on time. A bank may be taken over by the regulating government agency if its shareholders' equity are below the regulatory minimum. The failure of a bank is generally considered to be of more importance than the failure of other types of business firms becau ...
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Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system. More than one-third of banks failed in the years before the FDIC's creation, and bank runs were common. The insurance limit was initially US$2,500 per ownership category, and this has been increased several times over the years. Since the enactment of the Dodd–Frank Wall Street Reform and Consumer Protection Act in 2010, the FDIC insures deposits in member banks up to $250,000 per ownership category. FDIC insurance is backed by the full faith and credit of the government of the United States, and according to the FDIC, "since its start in 1933 no depositor has ever lost a penny of FDIC-insured funds". Deposits placed with non-bank fintech financial technology compa ...
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Superior Bancorp
Superior Bancorp was a bank holding company for Superior Bank, headquartered in Birmingham, Alabama. It had 73 branches in Alabama and Florida. In April 2011, it suffered from bank failure and its assets were acquired by an affiliate of Cadence Bank. History The company was founded in 1997. In December 1998, the company became a public company via an initial public offering. On April 15, 2011, Superior Bank suffered from bank failure and its assets were acquired by an affiliate of Cadence Bank in a transaction facilitated by the Federal Deposit Insurance Corporation (FDIC). The bank failure cost the FDIC more than $530 million. In 2014, the FDIC sued former executives of the Florida division of the bank, claiming they took “unreasonable financial risk Financial risk is any of various types of risk associated with financing, including financial transactions that include company loans in risk of default. Often it is understood to include only downside risk, meaning ...
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EDGAR
Edgar is a commonly used masculine English given name, from an Anglo-Saxon name ''Edgar'' (composed of ''wikt:en:ead, ead'' "rich, prosperous" and ''Gar (spear), gar'' "spear"). Like most Anglo-Saxon names, it fell out of use by the Late Middle Ages; it was, however, revived in the 18th century, and was popularised by its use for a character in Sir Walter Scott's ''The Bride of Lammermoor'' (1819). The name was more common in the United States than elsewhere in the Anglosphere during the 19th century. It has been a particularly fashionable name in Latin American countries since the 20th century. People with the given name * Edgar the Peaceful (942–975), king of England * Edgar the Ætheling (c. 1051 – c. 1126), last member of the Anglo-Saxon royal house of England * Edgar of Scotland (1074–1107), king of Scotland * Edgar Alaffita (born 1996), Mexican footballer * Edgar Allan (other), multiple people * Edgar Allen (other), multiple people * Edgar Angara ...
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Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is a State-owned enterprises of the United States, United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system. More than one-third of banks failed in the years before the FDIC's creation, and bank runs were common. The insurance limit was initially US$2,500 per ownership category, and this has been increased several times over the years. Since the enactment of the Dodd–Frank Wall Street Reform and Consumer Protection Act in 2010, the FDIC insures deposits in member banks up to $250,000 per ownership category. FDIC insurance is backed by the full faith and credit of the government of the United States, and according to the FDIC, "since its start in 1933 no depositor has ever lost a penny of FDIC-insured funds". Deposits placed wit ...
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Columbus, Mississippi
Columbus is a city in and the county seat of Lowndes County, Mississippi, Lowndes County, on the eastern border of Mississippi, United States, located primarily east, but also north and northeast of the Tombigbee River, which is also part of the Tennessee-Tombigbee Waterway. It is approximately northeast of Jackson, Mississippi, Jackson, north of Meridian, Mississippi, Meridian, south of Tupelo, Mississippi, Tupelo, northwest of Tuscaloosa, Alabama, and west of Birmingham, Alabama. The population was 25,944 at the 2000 census and 23,640 in 2010. The population in 2019 was estimated to be 23,573. Columbus is the principal city of the Columbus, Mississippi Micropolitan Statistical Area, Columbus Micropolitan Statistical Area, which is part of the larger Columbus-West Point Combined Statistical Area, Columbus-West Point Combined Statistical Area. Columbus is also part of the area of Mississippi called Golden Triangle (Mississippi), The Golden Triangle, consisting of Columbus, We ...
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