By Brandon Moseley
Alabama Political Reporter
Alabama Governor Robert Bentley announced today that Cadence Bank is moving its headquarters to Concord Center located at 2100 Third Avenue North in Birmingham.
Governor Robert Bentley said, “I want to thank the leaders of Cadence Bank for their continued commitment to Alabama and to Downtown Birmingham. Our long-range plan for economic development, Accelerate Alabama, includes both retaining Alabama companies and fostering the continued development of corporate headquarters in the state. Cadence’s plans fit perfectly in the Accelerate Alabama plan. I want to thank leaders at the local and corporate levels, along with our Alabama Department of Commerce, for working together to make today’s announcement possible.”
Alabama Department of Commerce Secretary Greg Canfield said, “We are pleased that the Alabama Department of Commerce could assist with this important project for the Birmingham area. We will continue to work with Cadence to assist the company with growth and new jobs for the people of our state.”
The CEO of Cadence Bank, Sam Tortorici said, “The relocation of our bank headquarters within Birmingham is just one step of many that we have planned for Cadence as we continue to execute our growth strategy. We are excited about our plans to further build our commercial banking and wealth services sectors while remaining strong in the retail space. Our innovative vision has enabled us to employ some of the very best minds in today’s banking world.”
Tortorici said, “Mayor William Bell, the Mayor’s Office of Economic Development and the Birmingham City Council, amid a host of others, have been exceedingly supportive in helping us identify Birmingham as the right place for the bank’s future. The package they have presented to us provides an attractive cost of doing business here long term. We are grateful for their efforts to retain our presence in downtown Birmingham.”
Cadence has over 100 branches in five states. Cadence is currently headquartered in the historic John Hand building on 20th Street North. The company looked at relocating to other cities and states but ultimately decided that Birmingham was their best option. “We entered this process with an open mind as there were many factors to consider,” Tortorici said. “We know Birmingham is a great place to live and do business, and we are all pleased with the outcome. It’s exactly where we want to be as we continue to grow.”
Cadence will work with more than 58 different vendors (most Alabama based) on the project of converting the 54,742-square-foot space into a high tech office with workspaces to accommodate 200 associates and a designated training area.
To learn more about Cadence Bank visit their website:
