Industry Bancshares banks join Cadence Bank family

Cadence Bank has completed a July 1 merger with Industry Bancshares, 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, which also includes Gonzales National Bank, Flatonia National Bank, Cuero National Bank and Goliad National Bank.

In exchange for control of Industry Bancshares’ 27 full-service branches throughout Central and Southeast Texas, Cadence Bank agreed to pay between $20 million to $60 million in cash for all of Industry Bancshares’ outstanding common stock. The move is expected to expand Cadence Bank’s presence in Texas and deliver total reported assets of $4.4 billion as well as total loans of $1.1 billion and total deposits of $4.5 billion, based on an unaudited March 31, 2025 assessment.

"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,” said Dan Rollins, chairman and CEO of Cadence Bank. “We are all deeply focused on taking care of our customers and the communities we serve. 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. Furthermore, with our banking services and technology, we will be able to deliver an enhanced customer experience and help even more customers reach their financial goals.”

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. Customers of Industry's six bank subsidiaries will continue to receive the same exemplary service they have come to expect from the bankers they know and trust.

“This merger represents an exciting new chapter for our customers and communities,” states Carl J. Chaney, executive chairman of Industry Bancshares. “Cadence shares our deep commitment to building strong relationships and doing what is right for our customers and communities. With their scale, resources and relationship-driven approach, this merger will allow continued personal service and trusted expertise our customers depend on.”

The merger has been unanimously approved by the boards of directors of Cadence Bank and Industry Bancshares.

Bank officials advise that customers are not expected to experience any immediate changes to their banking experience and “should continue to use your existing branches, checks, deposit slips, debit card(s), online and mobile banking and other banking services. Your accounts and services, including automatic deposits and payments, will continue until you are notified of a change.”

Operational integration of the banks is expected to be completed by the fourth quarter of 2025 and all deposit accounts will continue to be insured by the Federal Deposit Insurance Corporation (FDIC).

Industry Bancshares was founded in 1911 and was headquartered in Industry, Texas.

Cadence Bank began when Raymond Trice and Company received a perpetual charter to set up a bank in its hardware store in Verona, Mississippi, in 1876 and established the Bank of Lee County, later the Bank of Tupelo. It eventually became Bank of Mississippi and then became BancorpSouth in 1999. Cadence Bancorporation, the parent company of Cadence Bank NA., completed a transformational merger in 2021 and renamed the bank Cadence Bank.