Cadence Bank Announces Agreement to Sell the Insurance Operations of Cadence Insurance to Arthur J. Gallagher & Co.

Cadence Bank (NYSE: CADE) announced that it entered into a definitive agreement to sell its insurance operations, Cadence Insurance, Inc., to Arthur J. Gallagher & Co. (NYSE: AJG) for $904 million in cash.

A Hodgson Russ LLP team led by Valerie Stevens and Craig Fischer represented Cadence Bank in connection with the sale.

Read the press release here.