INDUSTRY BANCSHARES ACQUIRES BANK OF BRENHAM
Industry Bancshare’s announced this weekend that they acquired the Bank of Brenham on May 22nd.
Gene Menn, President of Industry Bancshares Incorporated said it was a ‘no brainer’ decision.
The Bank of Brenham, which was chartered in 2001, became the sixth in Industry Bancshare’s portfolio along with the Industry State Bank, First National Bank of Bellville and the First National Bank of Shiner.
Bank of Brenham President Lee Gaskamp said the bank looked very carefully at Industry’s acquisition overtures.
Industry Bancshares, which has assets totaling more than $2.3 billion, will according to Gaskamp, will allow them to do ‘bigger deals.’
Industry Bancshares, which has more than 300 employees, was formed as a holding company in 1993.
The Bank of Brenham will remain in its same location, on South Austin, and keep its name.
