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Kroll Bond Rating Agency Assigns BBB-/K3 Senior Long-Term and Short-Term Debt Ratings to Cadence Financial Corporation

May 27, 2014



NEW YORK--(BUSINESS WIRE)-- Kroll Bond Rating Agency (“KBRA”) has assigned a senior long-term rating of BBB-, a subordinated rating of BB+, and a short-term debt rating of and K3, respectively, to Cadence Bancorp, LLC (“Cadence”, the “Group”), a bank holding company based in Houston, TX and its subsidiary, Cadence Financial Corporation, an intermediary bank holding company. In addition, KBRA has assigned a senior deposit rating of BBB, subordinated debt rating of BBB-, and a short-term debt rating K2 to the deposits and debt ratings of the parent’s lead subsidiary, Cadence Bank, N.A. (the “Bank”). The outlook on all ratings is stable.

The ratings are supported by Cadence’s strong management team, profitability, and improving asset quality. The ratings are also balanced by concerns surrounding the Group’s short operating history, loan concentrations, and relatively low capital levels.

The ratings are based on KBRA’s Global Bank and Bank Holding Company Rating Methodology, published on May 2, 2013.

About Kroll Bond Rating Agency

KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).



Analytical:

Kroll Bond Rating Agency

Marjan Riggi, 646-731-2354

Managing Director

mriggi@kbra.com

or

Christopher Whalen, 646-731-2366

Senior Managing Director

cwhalen@kbra.com

or

Ben Stewart, 240-394-4145

Associate

bstewart@kbra.com


Source: Kroll Bond Rating Agency


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