Cadence Bancorporation announced that effective as of the Listing Date, the Board established the Audit Committee and appointed Mr. J. Richard
Fredericks, Mr. William B. Harrison, Jr. and Mr. Robert K. Steel as the initial members of such committee, with Mr. Fredericks appointed to serve as the Chairperson of such committee. The Company is relying on an exemption pursuant to Rule 10A-3(b)(1)(iv)(A) under the Exchange Act with respect to Mr. Steel's membership on the Audit Committee upon the completion of the IPO. Mr. Steel is the Chief Executive Officer of Perella Weinberg Partners Group LP, the parent company of Tudor, Pickering, Holt & Co., one of the underwriters in the IPO, and therefore will not satisfy the independence requirements of Rule 10A-3 at the time the IPO is completed. Effective as of the Listing Date, the Board established the Compensation Committee and appointed Mr. Fredericks, Mr. Harrison, Mr. Steel and Mr. Scott M. Stuart as the initial members of such committee, with Mr. Harrison appointed to serve as the Chairperson of such committee. Effective as of the Listing Date, the Board established the Nominating and Corporate Governance Committee and appointed Mr. Fredericks, Mr. Harrison, Mr. Steel and Mr. Stuart as the initial members of such committee, with Mr. Harrison appointed to serve as the Chairperson of such committee. Effective as of the Listing Date, the Board established the Risk Committee and appointed Mr. Fredericks, Mr. Paul B. Murphy, Jr. and Mr. Steel as the initial members of such committee, with Mr. Steel appointed to serve as the Chairperson of such committee.
Cadence Bank (the Bank) is a regional banking franchise with approximately 350 branch locations across the South and Texas. The Bank provides consumers, businesses, and corporations with a range of banking and financial solutions. The Bank's services and products include consumer banking, consumer loans, mortgages, home equity lines and loans, credit cards, commercial and business banking, treasury management, specialized lending, asset-based lending, commercial real estate, equipment financing, correspondent banking, small business administration (SBA) lending, foreign exchange, wealth management, investment and trust services, financial planning, retirement plan management. The Bank offers baking solution in checking accounts, savings accounts, mortgages, investment management, credit cards, online and mobile banking, debit cards, treasury management, wealth management, trusts, business loans, business online banking, and merchant services.
CADENCE BANK 
