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Cadence Bancorporation (NYSE: CADE) Investor Investigation over possible Violations of Securities Laws

07-29-2019 10:38 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Cadence Bancorporation (NYSE: CADE) shares over potential securities laws violations by Cadence Bancorporation was announced.

Cadence Bancorporation is under investigation over potential securities laws violations in connection with certain financial statements.

Investors who purchased shares of Cadence Bancorporation (NYSE: CADE), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Cadence Bancorporation (NYSE: CADE) concerning whether a series of statements by Cadence Bancorporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Houston, TX based Cadence Bancorporation, a financial holding company, through its subsidiary, Cadence Bank, National Association, provides commercial banking products and services to middle-market commercial businesses, high net worth individuals, business owners, and retail customers in the United States. On July 22, 2019, Cadence Bancorporation disclosed that “higher credit costs including net charge-offs of $18.6 million and loan provisions of $28.9 million” negatively impacted its second quarter 2019 financial results.

Shares of Cadence Bancorporation (NYSE: CADE) declined to as low as $15.55 per share on July 22, 2019.

On July 25, 2019, NYSE: CADE shares closed at $16.98 per share.

Those who purchased shares of Cadence Bancorporation (NYSE: CADE) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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