On todays show, Paul B. Murphy Jr. you can call him a staple in Houston. His latest venture; Murphy Interests, a family office that partners with business owners and operators to spur growth. However, you probably know him more as he enjoyed a 42-year career as a commercial banker, during which time he served as Chairman & CEO of Cadence Bancorporation and CEO of Amegy Bank for 21 years combined. 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 (NYSE) 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 $11 billion of assets and 85 branches in Texas. He managed the sale of Amegy to Zions Bancorporation for $1.7billion in 2005 and investors enjoyed a return of 36 times their original investment. You want to talk business, finances and economy…lets go!
