Cadence Bank announced the successful completion of its previously announced acquisition of Industry Bancshares, Inc., the bank holding company for Industry State Bank, The First National Bank of Bellville, Fayetteville Bank, Citizens State Bank, The First National Bank of Shiner and Bank of Brenham. Industry Bancshares was merged into Cadence Bank effective July 1, 2025, after receiving all required regulatory and shareholder approvals.
"We are pleased to have received regulatory approval and completed our acquisition of Industry Bancshares, Inc. so quickly," states Dan Rollins, chairman and CEO of Cadence Bank. "Industry and its subsidiaries have deep roots in Texas—where we have a solid presence and a keen understanding of local economies— making this a seamless fit. With our strong balance sheet and broad array of products and services, we're excited about the growth opportunities for their people, customers and communities."
As a well-capitalized public company with investment-grade ratings from S&P Global and Moody's, Cadence Bank maintains robust liquidity, a diversified, resilient balance sheet and strong operational performance and capital ratios. The combination of the two companies creates a meaningful franchise with financial solutions offered at more than 380 branches across the South and Texas and more than 400 ATM and LIVE Teller locations throughout the footprint. The merger also provides stability and consistency to Industry's banking operations and customer experience, and increased liquidity to support lending in Industry's markets.
Customers of Industry Bancshares's subsidiaries will not experience any immediate changes to their banking experience as a result of the merger and should continue using their existing branches, checks, deposit slips, debit card(s), online and mobile banking and other banking services. Customers will receive information regarding changes that may impact their accounts and services this fall as Cadence works toward operational integration in the fourth quarter of 2025.
Rollins added: "This merger came together rapidly because of the strong alignment between our two companies and our dedication to the communities we serve. We are very proud of our team for their swift actions to move this transaction to completion, allowing us to quickly begin serving these customers and communities. We are grateful for the support and responsiveness of our regulators who helped make this process smooth and efficient."
Customer deposit accounts will continue to be insured by the Federal Deposit Insurance Corporation (FDIC). The separate insurance of deposits assumed from the six acquired banks continues for six months from July 1, 2025, or, in the case of a time deposit, the earliest maturity date after the six-month period. In the case of time deposits assumed from the six acquired banks which mature within six months of July 1, 2025, and which are renewed at the same dollar amount (either with or without accrued interest having been added to the principal amount) and for the same term as the original deposit, the separate insurance applies to the renewed deposits until the first maturity date after January 1, 2026. Time deposits that mature before January 1, 2026, and that are renewed on any other basis, or that are not renewed and thereby become demand deposits, are separately insured only until January 1, 2026.
Industry Bancshares reported total assets of $4.4 billion, total loans of $1.1 billion and total deposits of $4.5 billion as of March 31, 2025 (unaudited).
Both companies share a firm commitment to customers and communities.