Cadence Bank has signed a merger agreement with Industry Bancshares, enhancing its presence in Texas's growing banking sector.
Target Information
Cadence Bank has entered into a definitive merger agreement with Industry Bancshares, Inc., the holding company for several banks including Bank of Brenham, Citizens State Bank, Fayetteville Bank, Industry State Bank, The First National Bank of Bellville, and The First National Bank of Shiner.
Founded in 1911 and based in Industry, Texas, Industry Bancshares manages 27 full-service branches throughout Central and Southeast Texas. As of March 31, 2025 (unaudited), it reported total assets of $4.4 billion, total loans amounting to $1.1 billion, and total deposits of $4.5 billion. This merger will significantly bolster Cadence Bank’s footprint in Texas, particularly in flourishing markets characterized by robust, long-standing customer relationships.
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Industry Overview in Texas
The banking industry in Texas has shown remarkable resilience and growth over recent years, propelled by a robust economy and demographic trends favoring expansion. Texas is known for its diversified econ
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