Cadence Bank completed its previously announced acquisition of Industry Bancshares, 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,” Dan Rollins, chairman and CEO of Cadence Bank, said. “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.”
Customers of Industry Bancshares’ 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.
“This merger came together rapidly because of the strong alignment between our two companies and our dedication to the communities we serve,” Rollins said. “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 Jan. 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).
