State Bank Financial Corporation (NASDAQ:STBZ) Files An 8-K Other EventsItem 8.01. Other Events
On December 7, 2018, Cadence Bancorporation announced that it had received regulatory approval from the Federal Reserve required to complete the transactions contemplated by the Agreement and Plan of Merger between State Bank Financial Corporation and Cadence Bancorporation dated May 11, 2018 (the "Merger Agreement"). Consummation of the merger is subject to the satisfaction or waiver of the closing conditions described in the Merger Agreement.
About State Bank Financial Corporation (NASDAQ:STBZ)
State Bank Financial Corporation is a bank holding company for State Bank and Trust Company (the Bank). The Bank is a Georgia-based state-chartered bank. The Company offers a range of community banking services to individuals and businesses within its markets. Its product line includes loans to small and medium-sized businesses (SMBs), residential and commercial construction and development loans, commercial real estate loans, farmland and agricultural production loans, residential mortgage loans, home equity loans, and consumer loans. It also offers a range of commercial and consumer demand, savings and time deposit products. The Company offers online banking and bill payment services, online cash management, safe deposit box, rentals, debit card and automatic teller machine (ATM) card services, and the availability of a network of ATMs for its customers. It operates over 25 full service banking offices.