Cadance Bank has shuffled several high-level executives.
The $50 billion-asset bank said in a press release that Hank Holmes, its chief banking officer, is leaving to pursue opportunities tied to entrepreneurship, start-ups and building organizations. Holmes will serve as a special adviser to Billy Braddock, who succeeded him as chief banking officer, until June 30.
Braddock was the bank’s chief credit officer. He will be succeeded by Chris Bagley, who will also remain Cadence’s president.
Sheila Ray will retire as chief talent officer, while Jerrell Moore was named chief human resources and diversity officer. Moore, who was chief diversity officer, will join Cadance’s management committee on June 30.
Valerie Toalson, the bank’s chief financial officer, will also become president of banking services where she will have oversight of the mortgage and wealth management businesses.
Cathy Freeman, Cadence’s chief administrative officer, now has the added responsibility of overseeing the experience office, while Mary Katherine Franklin was promoted from private banking executive to chief credit officer of the corporate bank.
“This organizational realignment afforded us the opportunity to simplify our operating model and further the development of some of our most senior leaders,” CEO Dan Rollins said in the release. “The additional responsibilities will not only empower these leaders, it will provide a foundation for driving growth and efficiencies while strengthening our focus on putting customers at the center of our business.”