Cadence Bank announced it has received all regulatory approvals to complete its proposed merger with FCB Financial Corp., the bank holding company for First Chatham Bank, a Savannah, Georgia-based community bank.

Cadence Bank is a regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas.

The merger is expected to be effective on May 1, 2025, subject to the satisfaction of customary closing conditions. As of Dec. 30, 2024 (unaudited), First Chatham reported total assets of $589 million, total loans of $326 million and total deposits of $507 million.

"We're pleased to receive regulatory approval for our merger with FCB Financial Corp.," said Cadence Bank Chairman and CEO Dan Rollins. "First Chatham Bank is a trusted financial institution serving the Greater Savannah community for more than two decades, and their dedication to their customers aligns perfectly with our culture. I look forward to welcoming their teammates and customers to the Cadence Bank family."