Federal Reserve Board Approval Received for Cadence Bancorp Acquisition of Encore Bancshares

Encore Bancshares EBTX announced today that the Board of Governors of the Federal Reserve System has approved the application of Cadence Bancorp, LLC to acquire Encore through the merger of Encore with and into a wholly owned subsidiary of Cadence Bancorp, LLC. Completion of the merger remains subject to customary closing conditions.