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Cadence Bancorp finds investors even as energy casts shadow

March 17, 2015

Houston's Cadence Bancorp went looking for capital to pay for growth initiatives and was able to reel in $50 million, despite fears from some investors that low oil prices will hammer banks in markets with a strong energy industry presence. "We really didn't have any trouble finding investors," Paul Murphy, CEO and president of Houston-based Cadence Bancorp, said in an interview. Dan Bass, managing director of investment banking for bank advisory firm Performance Trust Capital Partners, said the $50 million is a good sign for the bank.

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