AloStar Bank of Commerce
- Bank Name:AloStar Bank of Commerce
- Bank Class:State Chartered - FED Nonmember Bank
- FDIC ID:Certificate #59060 - Inactive
- FED RSSD ID:#4262543 - Inactive
History Of AloStar Bank of Commerce
AloStar Bank of Commerce was established on April 15, 2011, in Birmingham, Alabama. The institution began its operations under this name and later strengthened its position in the banking industry through strategic acquisitions and mergers. On April 15, 2011, it acquired Nexity Bank, also located in Birmingham, as part of a government-assisted merger. AloStar Bank of Commerce underwent a series of changes in ownership, merging with State Bank and Trust Company on September 30, 2017, and subsequently merging with Cadence Bank, N.A. on January 1, 2019. On October 29, 2021, AloStar Bank of Commerce changed its institution name to Cadence Bank and became part of BancorpSouth Bank, located in Tupelo, Mississippi. Over the years, the main office relocated several times within Birmingham, Alabama, with significant moves occurring in 2014 and 2015.
Below is a list of some important events in banks history, including mergers and acquisitions.
2011-04-15Institution established. Original name: AloStar Bank of Commerce.
2011-04-15Acquired Nexity Bank in Birmingham, AL as part of a government assisted merger.
2014-06-30Main Office moved to 3680 Grandview Parkway, Suite 300, Birmingham, AL 35243.
2015-07-17Main Office moved to 3595 Grandview Parkway, Suite 425, Birmingham, AL 35243.
2017-09-30Merged and became part of State Bank and Trust Company in Macon, GA.
2019-01-01Merged and became part of Cadence Bank, N.a. in Atlanta, GA.
2021-10-29Merged and became part of BancorpSouth Bank (11813) in Tupelo, MS.
2021-10-29Changed Institution Name to Cadence Bank.
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