Cadence Completes Acquisition of Industry Bancshares

Deal News | Jul 03, 2025 | EIN

Cadence Completes Acquisition of Industry Bancshares

Cadence Bank has completed its acquisition of Industry Bancshares Inc., merging it with its subsidiaries, which include Industry State Bank, The First National Bank of Bellville, and others, effective July 1, 2025. The merger, which received all necessary regulatory and shareholder approvals, positions Cadence Bank as a leading financial partner in Texas and the South, expanding its footprint to over 380 branches and 400 ATM and LIVE Teller locations. This strategic acquisition aligns with Cadence's growth goals and leverages Industry Bancshares' deep-rooted presence in Texas, promising stability, enhanced customer experience, and increased liquidity for expanded lending. Operational integration efforts will continue through the fourth quarter of 2025.

Sectors

  • Banking
  • Financial Services

Geography

  • United States – The acquisition involves U.S.-based banks Cadence Bank and Industry Bancshares, with a focus on expanding operations in Texas and the southern United States.
  • Texas – Industry Bancshares is rooted in Texas, and the acquisition by Cadence Bank significantly expands its presence in this state.

Industry

  • Banking – The article discusses the acquisition of Industry Bancshares by Cadence Bank, both players in the banking industry, a sector dealing with financial transactions, acceptance of deposits, and lending activities.
  • Financial Services – The merger enhances Cadence Bank's capabilities and offerings in financial services, providing a diversified range of products and solutions to a broader geographic region.

Financials

    Participants

    NameRoleTypeDescription
    Cadence BankAcquirerCompanyA well-capitalized public company with investment-grade ratings, expanding its reach through the acquisition of Industry Bancshares.
    Industry Bancshares Inc.TargetCompanyA bank holding company for various regional banks in Texas, including Industry State Bank and The First National Bank of Bellville.
    Dan RollinsCEO of Cadence BankPersonChairman and CEO of Cadence Bank, overseeing the strategic acquisition and integration of Industry Bancshares.