#United States #Banking #Cadence Bank #Industry Bancshares #Houston, Tupelo

Cadence Bank Acquires Industry Bancshares, Inc.

On July 1, 2025, Cadence Bank (NYSE: CADE) announced the completion of its acquisition of Industry Bancshares, Inc., which serves as the parent company for several notable banks including Industry State Bank and The First National Bank of Bellville. This acquisition was finalized quickly after receiving necessary stockholder and regulatory approvals.

Dan Rollins, chairman and CEO of Cadence Bank, expressed his satisfaction with the speed of the acquisition process. He stated, “We are pleased to have received regulatory approval and completed our acquisition of Industry Bancshares, Inc. so quickly. 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.”

The merger combines two well-established financial institutions, expanding Cadence Bank’s footprint to over 380 branches across the South and Texas, along with more than 400 ATM and LIVE Teller locations. This strategic partnership not only increases Cadence’s market share but also gives it an opportunity to enhance its product offerings and services to a broader customer base.

With solid investment-grade ratings from SP Global and Moody's, Cadence Bank promises robust liquidity, a diverse balance sheet, and an overall strengthened operational performance. The merger will also ensure stability in Industry Bancshares’s banking operations, which is key in maintaining customer trust and loyalty.

Customers of the banks that were part of Industry Bancshares are assured that their banking experience will remain uninterrupted during this transition. They can continue utilizing their familiar branches, checks, debit cards, and online banking services without immediate changes. Detailed information regarding any upcoming transitions is expected to be communicated in the fall of 2025 as Cadence Bank aims to complete the integration in the fourth quarter of the year.

Rollins added, “This merger came together rapidly because of the strong alignment between our two companies and our dedication to the communities we serve.” He commended his team for their swift actions in completing this significant transaction, which strengthens both the customer base and community ties.

As per federal regulations, customer deposit accounts will continue to be insured by the Federal Deposit Insurance Corporation (FDIC), ensuring security for depositors amidst the merger. The separate insurance arrangements for deposits from the acquired banks will remain in effect for six months from the date of the acquisition.

Industry Bancshares reported substantial financials prior to the merger, with total assets of $4.4 billion, loans of $1.1 billion, and deposits at $4.5 billion as of March 31, 2025. This merger is poised to create numerous advantages not only for customers but also for the communities that these banks serve, reinforcing Cadence Bank’s long-standing commitment to customer service and community development.

Cadence Bank, with a history spanning nearly 150 years, is dedicated to empowering its customers and communities, providing a full array of banking, investment, trust, and mortgage services. Recognized for its excellence in both employee satisfaction and customer service, Cadence continues to position itself as a leading regional financial institution.

For more information about Cadence Bank and its services, visit CadenceBank.com.

About Cadence Bank

Cadence Bank is a regional financial services institution that serves both individuals and businesses, committed to helping them prosper with a range of financial products and services. With a strong emphasis on community involvement and customer satisfaction, it continues to grow and adapt to the changing financial landscape.