INDUSTRY BANCSHARES TO MERGE WITH CADENCE BANK

  

Industry Bancshares, parent company of Bank of Brenham and several other area banks, is joining Cadence Bank.

A merger agreement was announced on Friday between Cadence Bank and Industry Bancshares, which is also the holding company for Industry State Bank, First National Bank of Bellville, Fayetteville Bank, First National Bank of Shiner and Citizens State Bank based out of Buffalo, Texas.

According to the announcement, Cadence Bank will pay between $20 million and $60 million in cash for all of Industry Bancshares’ outstanding common stock, based upon Industry Bancshares’ equity capital at the closing of the transaction and subject to certain conditions and potential adjustments. 

The deal, which was unanimously approved by the boards of directors from Industry Bancshares and Cadence Bank, has a targeted closing date in the second half of 2025.

As of March 31^st, Industry Bancshares reported $4.4 billion in total assets, as well as total loans of $1.1 billion and total deposits of $4.5 billion.  Industry Bancshares was founded in 1911 and is headquartered in Industry, with 27 full-service branches across Central and Southeast Texas.

Cadence Bank Chairman and CEO Dan Rollins said Cadence’s community banking foundation “aligns well with the community focus of Industry Bancshares’ six bank subsidiaries.”  Rollins said they operate in very similar markets across Texas and the South, so they “understand the needs of these local economies and can bring expanded product offerings and increased lending opportunities to fuel future growth.” 

Established in 1876, Cadence Bank is based out of Verona, Mississippi.  It currently maintains corporate offices in Houston and Tulepo, Mississippi.  It has been recognized as one of the nation’s best employers by Forbes and U.S. News & World Report and as one of 2025 America’s Best Banks by Forbes.

Cadence Bank’s announcement stated that Industry’s customers “will continue to receive the same exemplary service they have come to expect from the bankers they know and trust.”  It also said that once the transaction is completed, Doak Hartley, Michelle Hodge, Mike Mueller, Brent Jones, Gary Durrenberger, Kyle Holloway, Lisa Moeller and Mike Kalina “are expected to continue in key roles in their respective communities with the combined organization.”

Industry Bancshares Executive Chairman Carl Chaney called the merger “an exciting new chapter for our customers and communities.”  Chaney said Cadence “shares our deep commitment to building strong relationships and doing what is right for our customers and communities.”