Chairman & CEO
James D. Rollins III is Chairman and Chief Executive Officer of Cadence Bank. He has served as Chairman of the Board since April 2014 and Chief Executive Officer since November 2012.
Prior to that, he served as president and Chief Operating Officer of Prosperity Bancshares, Inc., headquartered in Houston, Texas, and director of Prosperity Bancshares from 2006 to 2012. Mr. Rollins served as Senior Vice President of Prosperity Bancshares from 2001 until 2006 and became President of Prosperity Bank in 2005. He served as Executive Vice President of Prosperity Bank from 2002 to 2004 and President of the Matagorda Banking Centers of Prosperity Bank from 1994 to 2002. From 1983 to 1994, Mr. Rollins worked for First State Bank and Trust Company in Port Lavaca and Bay City, Texas.
Mr. Rollins received a bachelor of business administration degree in finance from the University of Texas at Austin in 1983. He is a 1989 graduate of the Southwestern Graduate School of Banking at Southern Methodist University in Dallas, Texas. He graduated from the National Commercial Lending School in 1993 at the University of Oklahoma in Norman, Oklahoma.
Active in community and industry activities, Mr. Rollins serves as chairman of the North Mississippi Health Services' board of directors and is a member of the finance committee and major gifts committee for the Healthcare Foundation of North Mississippi. He leads the company's volunteering efforts, and previously served as the co-chair of the Hope and a Future capital campaign for the Salvation Army in Tupelo, Mississippi. He is married to Becky Rollins (formerly Buchanan), and they have two grown children, Kristin and J.D.
Executive Vice Chairman
Paul B. Murphy Jr. is Executive Vice Chairman of Cadence Bank. Mr. Murphy and a group of investors raised $1 billion in equity in 2010 to invest in the distressed banking industry. After acquiring Cadence Bank in 2011, the company grew through additional acquisitions and core growth. In 2017, the company completed an IPO and subsequently grew to $18 billion in assets prior to merging with BancorpSouth Bank in October, 2021.
Prior to that, Mr. Murphy spent 20 years at Amegy Bank of Texas, helping to steer that institution from $75 million in assets and a single location to assets of $11 billion and 85 branches in Texas. Mr. Murphy managed the sale of Amegy to Zions Bancorporation for $1.7 billion in 2005.
Mr. Murphy earned a Bachelor of Science degree from Mississippi State University in 1981 and an MBA from the University of Texas at Austin in 1988. He is an advocate of the community and has served on numerous corporate and nonprofit boards. Currently, he is on the boards of Oceaneering International Inc., Natural Resource Partners, Hope and Healing Center and Institute, Houston Hispanic Chamber of Commerce, and the City of Houston Complete Communities Advisory Board. He is also active in the World Presidents Organization.
Chris A. Bagley is President of Cadence Bank. He has served at Cadence and its predecessors since 2014. Mr. Bagley has over 38 years of experience in commercial banking.
Prior to joining Cadence’s predecessor, BancorpSouth, Mr. Bagley was previously a named executive officer and Chief Credit Officer of Prosperity Bancshares, Inc. in Houston, Texas. At Prosperity, he served on the seven-person executive committee, which directed and oversaw all bank lending and operations.
During his career, Mr. Bagley has also served as a regional loan concurrence officer, a voting member of the senior loan committee, a member of the operations and BSA risk committees, and was the lending liaison for the fair lending component of compliance exams. He has also served as a board of directors member for a publicly traded financial holding company.
Mr. Bagley earned a bachelor's degree in business administration from Stephen F. Austin State University and an MBA from the University of Houston. He is a former advisory board member of the University of Houston banking certificate program through the Bauer College of Business.
Chief Financial Officer
Valerie Toalson is Chief Financial Officer of Cadence Bank. Having joined Cadence in January 2013, she brings 35 years of banking experience in finance, accounting, treasury, investments, risk, mergers and acquisitions, strategic planning, investor relations, and public entity and regulatory financial reporting.
Prior to joining Cadence, Ms. Toalson served as CFO of BankAtlantic Bancorp and BankAtlantic N.A., and previously held several senior leadership positions at BOK Financial Corporation, including Corporate Controller, Manager of Credit Services, Manager of Process Improvement and Chief Auditor. Toalson began her career in audit at Price Waterhouse, where she received her certified public accounting certificate.
Ms. Toalson earned a Bachelor of Science in Accounting from Oklahoma State University. She is an active volunteer in her community, including serving on the board of Goodwill Industries of Houston and the advisory council of the Women's Resource of Greater Houston.
Chief Banking Officer
Hank Holmes serves as Chief Banking Officer of Cadence Bank and is responsible for identifying and implementing effective strategies to support the company's long-term growth and development.
Since joining Cadence in 2011, Mr. Holmes has helped build the company's relationship-focused lending teams across the Southeast and Texas. He oversees commercial & industrial, corporate & institutional banking, commercial real estate, energy, specialized industries, and treasury management. As a member of Cadence Bank's executive leadership team, senior management and Senior Loan Committee, he is integrally involved in the company's M&A activity, business development, and credit decisions.
Mr. Holmes began his career at Amegy Bank in its Commercial Real Estate department, later transitioning to Private Wealth Banking, where the group outperformed industry standards with high profitability and minimal loan loss. He assumed leadership of the bank's Special Assets group in 2009, effectively mitigating risk in criticized assets and implementing policies to meet regulatory and other audit requirements.
Mr. Holmes earned a Bachelor of Arts from the University of Mississippi, majoring in managerial finance. Active in the community, he serves on the board of directors for the University of Mississippi's School of Banking and Finance, BakerRipley, and St. Francis Episcopal Day School. Mr. Holmes is a member of the Young Presidents Organization and St. Luke's United Methodist Church.