Superior merges with Cadence

TAMPA -- Community Bancorp LLC merged its two banking subsidiaries -- Tampa-based Superior Bank and Mississippi-based Cadence Bank -- into one entity called Cadence Bank this week. Community also changed its name, to Cadence Bancorp LLC, and remains headquartered in Birmingham, Ala.

The combined bank manages $4.1 billion in assets across a network of more than 100 branches, with 32 of those located in Florida. Cadence has 1,200 employees.

Cadence Bancorp says the merger will improve the company's technology offerings; for example, former Superior customers in Florida will gain access to mobile banking post-merger.