The nation’s second-largest bank-owned insurance coverage brokerage, BXS Insurance, is altering its model identify to Cadence Insurance, the corporate introduced.
The BXSI identify is altering however the individuals are not, CEO Markham McKnight stated in a news launch.
The rebranding comes just a few months after Mississippi-based BancorpSouth merged with Cadence Bank, headquartered in Houston, Texas. To win U.S. Department of Justice approval for the financial institution merger, the banks agreed to dump seven financial institution branches in northeast Mississippi late final 12 months. Bancorp adopted the Cadence identify, which is traded on New York Stock Exchange.
BXS Insurance has been listed within the prime 10% of brokers within the nation, primarily based on complete income, the corporate stated. It has 30 workplaces in eight states and brokers industrial insurance coverage, surety, and advantages. Cadence Bank has 400 department areas within the South, Midwest and Texas.
The identify change ought to start in July, pending regulatory approval, the corporate stated.
Topics
Mergers & Acquisitions
Texas
Mississippi
Was this text beneficial?
Here are extra articles chances are you’ll get pleasure from.
Interested in Mergers?
Get automated alerts for this subject.