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Home Banks Cadence Bank donation backs Texas Southern University banking program

Cadence Bank donation backs Texas Southern University banking program

Cadence Bank announced a $500,000 commitment to Texas Southern University’s Jesse H. Jones School of Business to support a new Future Bankers Leadership Program at the historically Black university.

The program, which will focus on preparing students for a commercial banking career, will launch this fall. The bank announced a three-year, $250,000 pledge to fund scholarships to business students based on merit and financial need. Another $250,000 contribution will be made to the FBLP program endowment.

“Cadence is proud to expand our support of historically Black colleges and universities within our footprint as we seek to recruit and expand diverse talent,” Myra Caldwell, the bank’s chief diversity officer, said in an announcement. “Supporting the Future Bankers Leadership Program will not only help the Texas banking community, but will provide steps for young, diverse talent to accomplish personal and career goals.”

RELATED: Cadence Bank moving Galleria area headquarters 

The Cadence Banking Scholars program will also offer three students the opportunity to gain experience at summer banking internships.

“The Jesse H. Jones School of Business is appreciative for this very generous and transformative gift from Cadence Bank. This support will help to diversify the workforce, educate future bankers and create a significant impact in metropolitan Houston and the state of Texas,” said David Yen, the school’s dean.

Based in Houston, Cadence Bank is a subsidiary of Cadence Bancorporation, a regional holding company with $187 billion in assets. Cadence Bank has 98 branches in six states.

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