INDUSTRY BANCSHARES, CADENCE BANK COMPLETE MERGER
Cadence Bank has announced the completion of its merger agreement announced in April with Industry Bancshares, the parent company of Bank of Brenham and several other area banks.
The bank on Tuesday issued a press release and a notice to customers of Industry Bancshares, who 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. The merger became effective on Tuesday after receiving all required regulatory and shareholder approvals.
Cadence Bank chairman and CEO Dan Rollins said the bank is pleased to have received regulatory approval and completed the acquisition so quickly. He said the bank is excited about the growth opportunities for Industry Bancshares’ people, customers and communities, adding, “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.”
According to the release, the combination of the two companies means financial solutions will be offered at more than 380 branches across Texas and the South and at more than 400 ATM and live teller locations throughout the franchise’s footprint. Customer deposit accounts will continue to be insured by the Federal Deposit Insurance Corporation (FDIC).
Customers of Industry Bancshares’ subsidiaries will not experience any immediate changes to their banking as a result of the merger and can keep using their existing branches, checks, deposit slips, debit cards, online and mobile banking, and other banking services. Customers will receive information about changes that may impact their accounts and services this fall, as Cadence works toward operational integration in the fourth quarter of 2025.
In Cadence Bank’s notice to customers, the bank said that in the coming months, the names of Industry State Bank, First National Bank of Bellville, Fayetteville Bank, Citizens State Bank, First National Bank of Shiner and Bank of Brenham will change to Cadence Bank.
Cadence’s media relations representatives and Bank of Brenham President Gary Durrenberger confirmed the upcoming name change, with the media team saying, “We look forward to having that transition completed in the Fall of 2025.” Durrenberger said, “We will continue to operate and serve our customers under the trusted Bank of Brenham banner until then.”
As of March 31st, Industry Bancshares reported total assets of $4.4 billion, total loans of $1.1 billion and total deposits of $4.5 billion, before audit.