November 17, 2010 Board of Directors C/O Lewis F. Mallory, Jr., Chairman Cadence Financial Corporation

Exhibit 10.2

November 17, 2010

Board of Directors

C/X Xxxxx X. Xxxxxxx, Xx., Chairman

Cadence Financial Corporation

000 Xxxx Xxxx Xxxxxx

P.O. Box 1187

Starkville, Mississippi 39760-1 187

Dear Board Members:

Regarding the Written Agreement (WA) executed today by the board of directors of Cadence Financial Corporation, Starkville, Mississippi (Cadence) and the Federal Reserve Bank of St. Louis, pursuant to Provision 13 of the WA, Cadence is hereby granted an extension of time to submit certain plans and projections required by the agreement. Specifically, Cadence is granted an extension to February 28, 2011, to submit a Capital Plan (Provision 4), Cash Flow Projections (Provision 6), and Earnings Plan and Budget (Provision 7). Granting this extension is intended to provide Xxxxxxx’s proposed new owner sufficient time to participate in the development and implementation of the required plans and projections.

If you have any questions, please contact me at 000-000-0000, or Assistant Vice President Xxxxx X. Xxxxx at 000-000-0000.

Sincerely,

/s/ Xxxxxxx X. Xxxxx

Xxxxxxx X. Xxxxx

Vice President