Published on 10 Dec 2021 on Zacks via Yahoo Finance
Cadence Bank's (CADE) Shares Rise on New Share Buyback Plan
Cadence Bank CADE announced that its board of directors authorized a share repurchase program for 2022. The board of directors has approved the repurchase of up to 10 million shares of Cadence.
Following the development, shares of Cadence Bank gained 1.8% on the last day’s trading.
The new share repurchase program is subject to the approval of the Federal Deposit Insurance Corporation and will be effective on Jan 3, 2022. The buyback plan will expire on Dec 30, 2022.