Cadence Bank announced Friday the signing of a definitive merger agreement with 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. Founded in 1911 and headquartered in Industry, Texas, Industry Bancshares operates 27 branches across Texas. As of March 31, 2025 Industry Bancshares reported total assets of $4.4 billion, total loans of $1.1 billion and total deposits of $4.5 billion. Cadence Bank will, based upon Industry Bancshares’ equity capital at the closing of the transaction, pay between $20 million and $60 million in cash for all of Industry Bancshares’ outstanding common stock. 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 communities with the combined organization.