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TEXAS BANKING NEWS, PEOPLE AND IDEAS

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TEXAS BANKING NEWS, PEOPLE AND IDEAS

News

Mississippi-based Cadence Bank to Acquire Industry Bancshares

May 1, 2025

On April 25, Tupelo, Mississippi-based Cadence Bank announced the signing of a definitive merger agreement with Industry-based Industry Bancshares Inc., the bank holding company for Bank of Brenham, Citizens State Bank, Fayetteville Bank, Industry State Bank, The First National Bank of Bellville and The First National Bank of Shiner. The merger will expand Cadence Bank’s Texas presence in growing markets within the state. Under the terms of the agreement, Cadence Bank will pay between $20 million and $60 million in cash for all of Industry Bancshares’ outstanding common stock. The transaction is targeted to close during the second half of 2025.

Established in 1911, Industry Bancshares operates 27 full-service branches across Central and Southeast Texas. As of March 31, 2025, the company reported total assets of $4.4 billion, total loans of $1.1 billion and total deposits of $4.5 billion.

“What makes this alliance so impactful is that Cadence Bank’s community banking foundation aligns well with the community focus of Industry Bancshares’ six bank subsidiaries,” says Dan Rollins, chair and CEO of Cadence Bank. “Because we operate in very similar markets across Texas and the South, we understand the needs of these local economies and can bring expanded product offerings and increased lending opportunities to fuel future growth.”

Upon completion of the transaction, 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.

“This merger represents an exciting new chapter for our customers and communities,” notes Carl J. Chaney, executive chair of Industry Bancshares. “Cadence shares our deep commitment to building strong relationships and doing what is right for our customers and communities.”

Established in 1886, Cadence Bank is a $50 billion regional financial services company with more than 350 locations spanning the South and Texas. Cadence Bank maintains corporate offices in Houston and Tupelo.

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About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to contact the editorial department.

Subscribe to Bankers Digest

Bankers Digest’s e-newsletter is distributed three times a month. Sign up today to stay in the loop—it’s free!

About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to contact the editorial department.

News

Mississippi-based Cadence Bank to Acquire Industry Bancshares

May 1, 2025

On April 25, Tupelo, Mississippi-based Cadence Bank announced the signing of a definitive merger agreement with Industry-based Industry Bancshares Inc., the bank holding company for Bank of Brenham, Citizens State Bank, Fayetteville Bank, Industry State Bank, The First National Bank of Bellville and The First National Bank of Shiner. The merger will expand Cadence Bank’s Texas presence in growing markets within the state. Under the terms of the agreement, Cadence Bank will pay between $20 million and $60 million in cash for all of Industry Bancshares’ outstanding common stock. The transaction is targeted to close during the second half of 2025.

Established in 1911, Industry Bancshares operates 27 full-service branches across Central and Southeast Texas. As of March 31, 2025, the company reported total assets of $4.4 billion, total loans of $1.1 billion and total deposits of $4.5 billion.

“What makes this alliance so impactful is that Cadence Bank’s community banking foundation aligns well with the community focus of Industry Bancshares’ six bank subsidiaries,” says Dan Rollins, chair and CEO of Cadence Bank. “Because we operate in very similar markets across Texas and the South, we understand the needs of these local economies and can bring expanded product offerings and increased lending opportunities to fuel future growth.”

Upon completion of the transaction, 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.

“This merger represents an exciting new chapter for our customers and communities,” notes Carl J. Chaney, executive chair of Industry Bancshares. “Cadence shares our deep commitment to building strong relationships and doing what is right for our customers and communities.”

Established in 1886, Cadence Bank is a $50 billion regional financial services company with more than 350 locations spanning the South and Texas. Cadence Bank maintains corporate offices in Houston and Tupelo.

SHARE THIS FEATURE:

Previous Vorhees Named Treasurer and Executive Vice President at First Financial Bank Next Louisiana-based Origin Bank Opens New Office in The Woodlands, Hires Staley for Business Development

MORE News

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Moody Foundation Awards $200,000 to Texas Southern University’s Future Bankers Leadership Program

Texas Bankers Hall of Fame Inducts Burris, Cooper, Hartenstine, Hoxworth and Nesbitt at Annual Gala

Louisiana-based Origin Bank Opens New Office in The Woodlands, Hires Staley for Business Development

The Texas Bankers Foundation Announces 2025 Emerging Leader Honorees

1 2 … 5 Next >

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Bankers Digest’s e-newsletter is distributed three times a month. Sign up today to stay in the loop—it’s free!

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About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to send us your bank’s news or to contact the editorial department.

Subscribe to Bankers Digest

Bankers Digest’s e-newsletter is distributed three times a month. Sign up today to stay in the loop—it’s free!

About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to send us your bank’s news or to contact the editorial department.

News

Mississippi-based Cadence Bank to Acquire Industry Bancshares

May 1, 2025

On April 25, Tupelo, Mississippi-based Cadence Bank announced the signing of a definitive merger agreement with Industry-based Industry Bancshares Inc., the bank holding company for Bank of Brenham, Citizens State Bank, Fayetteville Bank, Industry State Bank, The First National Bank of Bellville and The First National Bank of Shiner. The merger will expand Cadence Bank’s Texas presence in growing markets within the state. Under the terms of the agreement, Cadence Bank will pay between $20 million and $60 million in cash for all of Industry Bancshares’ outstanding common stock. The transaction is targeted to close during the second half of 2025.

Established in 1911, Industry Bancshares operates 27 full-service branches across Central and Southeast Texas. As of March 31, 2025, the company reported total assets of $4.4 billion, total loans of $1.1 billion and total deposits of $4.5 billion.

“What makes this alliance so impactful is that Cadence Bank’s community banking foundation aligns well with the community focus of Industry Bancshares’ six bank subsidiaries,” says Dan Rollins, chair and CEO of Cadence Bank. “Because we operate in very similar markets across Texas and the South, we understand the needs of these local economies and can bring expanded product offerings and increased lending opportunities to fuel future growth.”

Upon completion of the transaction, 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.

“This merger represents an exciting new chapter for our customers and communities,” notes Carl J. Chaney, executive chair of Industry Bancshares. “Cadence shares our deep commitment to building strong relationships and doing what is right for our customers and communities.”

Established in 1886, Cadence Bank is a $50 billion regional financial services company with more than 350 locations spanning the South and Texas. Cadence Bank maintains corporate offices in Houston and Tupelo.

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Moody Foundation Awards $200,000 to Texas Southern University’s Future Bankers Leadership Program

Texas Bankers Hall of Fame Inducts Burris, Cooper, Hartenstine, Hoxworth and Nesbitt at Annual Gala

Louisiana-based Origin Bank Opens New Office in The Woodlands, Hires Staley for Business Development

The Texas Bankers Foundation Announces 2025 Emerging Leader Honorees

1 2 … 5 Next >

Subscribe to Bankers Digest

Bankers Digest’s e-newsletter is distributed three times a month. Sign up today to stay in the loop—it’s free!

Search

About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to send us your bank’s news or to contact the editorial department.

Subscribe to Bankers Digest

Bankers Digest’s e-newsletter is distributed three times a month. Sign up today to stay in the loop—it’s free!

About

Bankers Digest is your source for Texas banking news and information, including bankers on the move,  bank developments across the state, industry updates, regulations and job opportunities. Click here to send us your bank’s news or to contact the editorial department.

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© 2024 Bankers Digest—Published by IBAT Marketing Inc.
a SUBSIDIARY of the Independent Bankers Association of Texas

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© 2024 Bankers Digest—Published by IBAT Marketing Inc.
a SUBSIDIARY of the Independent Bankers Association of Texas3

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© 2024 Bankers Digest—
Published by IBAT Marketing Inc.,
a SUBSIDIARY of the Independent Bankers Association of Texas