Cadence Bank Completes its Acquisition of Industry Bancshares, Inc.
Cadence Bank (NYSE: CADE) has successfully completed its acquisition of Industry Bancshares, Inc. and its six subsidiary banks, effective July 1, 2025. The merger, which received all necessary regulatory and shareholder approvals, significantly expands Cadence's Texas presence.
The combined entity will operate more than 380 branches across the South and Texas, with over 400 ATM and LIVE Teller locations. Industry Bancshares brought significant financial strength to the merger, reporting total assets of $4.4 billion, total loans of $1.1 billion, and total deposits of $4.5 billion as of March 31, 2025 (unaudited).
Customers of Industry Bancshares's subsidiaries will maintain their current banking services until operational integration occurs in Q4 2025. The FDIC will continue to insure customer deposits, with special provisions for time deposits extending through January 1, 2026.
Cadence Bank (NYSE: CADE) ha completato con successo l'acquisizione di Industry Bancshares, Inc. e delle sue sei banche sussidiarie, a partire dal 1° luglio 2025. La fusione, che ha ottenuto tutte le approvazioni regolamentari e degli azionisti necessarie, amplia significativamente la presenza di Cadence in Texas.
La nuova entità opererà con oltre 380 filiali nel Sud e in Texas, con più di 400 sportelli automatici e punti LIVE Teller. Industry Bancshares ha apportato una solida forza finanziaria alla fusione, con attività totali pari a 4,4 miliardi di dollari, prestiti totali per 1,1 miliardi di dollari e depositi totali di 4,5 miliardi di dollari al 31 marzo 2025 (non revisionati).
I clienti delle filiali di Industry Bancshares manterranno i servizi bancari attuali fino all'integrazione operativa prevista per il quarto trimestre 2025. La FDIC continuerà a garantire i depositi dei clienti, con disposizioni speciali per i depositi a termine valide fino al 1° gennaio 2026.
Cadence Bank (NYSE: CADE) ha completado con éxito la adquisición de Industry Bancshares, Inc. y sus seis bancos subsidiarios, con efecto a partir del 1 de julio de 2025. La fusión, que recibió todas las aprobaciones regulatorias y de accionistas necesarias, amplía significativamente la presencia de Cadence en Texas.
La entidad combinada operará con más de 380 sucursales en el Sur y Texas, con más de 400 cajeros automáticos y ubicaciones LIVE Teller. Industry Bancshares aportó una sólida fortaleza financiera a la fusión, reportando activos totales de 4.4 mil millones de dólares, préstamos totales de 1.1 mil millones de dólares y depósitos totales de 4.5 mil millones de dólares al 31 de marzo de 2025 (no auditados).
Los clientes de las subsidiarias de Industry Bancshares mantendrán sus servicios bancarios actuales hasta que se realice la integración operativa en el cuarto trimestre de 2025. La FDIC continuará asegurando los depósitos de los clientes, con disposiciones especiales para los depósitos a plazo vigentes hasta el 1 de enero de 2026.
Cadence Bank (NYSE: CADE)는 2025년 7월 1일부로 Industry Bancshares, Inc. 및 그 산하 6개 은행을 성공적으로 인수 완료했습니다. 모든 규제 및 주주 승인 절차를 마친 이번 합병은 Cadence의 텍사스 내 입지를 크게 확대합니다.
통합 법인은 남부 및 텍사스 지역에 380개 이상의 지점과 400개 이상의 ATM 및 LIVE Teller 지점을 운영할 예정입니다. Industry Bancshares는 2025년 3월 31일 기준(감사 전) 총 자산 44억 달러, 총 대출 11억 달러, 총 예금 45억 달러를 보유하여 합병에 강력한 재무력을 더했습니다.
Industry Bancshares 산하 은행 고객들은 2025년 4분기 운영 통합이 완료될 때까지 기존 은행 서비스를 계속 이용할 수 있습니다. FDIC는 고객 예금을 계속 보장하며, 정기예금에 대해서는 2026년 1월 1일까지 특별 보장 조항이 적용됩니다.
Cadence Bank (NYSE : CADE) a finalisé avec succès l'acquisition de Industry Bancshares, Inc. et de ses six banques filiales, effective au 1er juillet 2025. La fusion, qui a obtenu toutes les approbations réglementaires et des actionnaires nécessaires, étend considérablement la présence de Cadence au Texas.
L'entité combinée exploitera plus de 380 agences dans le Sud et au Texas, avec plus de 400 distributeurs automatiques et points LIVE Teller. Industry Bancshares a apporté une forte solidité financière à la fusion, déclarant au 31 mars 2025 (non audité) des actifs totaux de 4,4 milliards de dollars, des prêts totaux de 1,1 milliard de dollars et des dépôts totaux de 4,5 milliards de dollars.
Les clients des filiales d'Industry Bancshares conserveront leurs services bancaires actuels jusqu'à l'intégration opérationnelle prévue au quatrième trimestre 2025. La FDIC continuera d'assurer les dépôts des clients, avec des dispositions spéciales pour les dépôts à terme jusqu'au 1er janvier 2026.
Cadence Bank (NYSE: CADE) hat die Übernahme von Industry Bancshares, Inc. und seinen sechs Tochterbanken zum 1. Juli 2025 erfolgreich abgeschlossen. Die Fusion, die alle erforderlichen behördlichen und Aktionärszustimmungen erhalten hat, erweitert Cadences Präsenz in Texas erheblich.
Das kombinierte Unternehmen wird mit mehr als 380 Filialen im Süden und in Texas tätig sein, mit über 400 Geldautomaten und LIVE Teller-Standorten. Industry Bancshares brachte erhebliche finanzielle Stärke in die Fusion ein und meldete zum 31. März 2025 (ungeprüft) Gesamtvermögen von 4,4 Milliarden US-Dollar, Gesamtkredite von 1,1 Milliarden US-Dollar und Gesamteinlagen von 4,5 Milliarden US-Dollar.
Kunden der Tochtergesellschaften von Industry Bancshares behalten ihre aktuellen Bankdienstleistungen bis zur operativen Integration im vierten Quartal 2025 bei. Die FDIC wird die Kundeneinlagen weiterhin versichern, mit besonderen Regelungen für Termineinlagen bis zum 1. Januar 2026.
- Acquisition expands network to over 380 branches across the South and Texas
- Industry Bancshares brings substantial assets ($4.4B), loans ($1.1B), and deposits ($4.5B)
- Cadence maintains investment-grade ratings from S&P Global and Moody's
- Transaction provides increased liquidity to support lending in Industry's markets
- Swift completion of merger indicates strong alignment between companies
- Operational integration not completed until Q4 2025
- Temporary complexity in deposit insurance coverage for time deposits through January 2026
Insights
Cadence Bank's acquisition of Industry Bancshares strengthens Texas presence, adding $4.4B in assets and expanding operational footprint significantly.
Cadence Bank's completed acquisition of Industry Bancshares represents a strategic expansion in the Texas banking market. The transaction brings six community banks under Cadence's umbrella, including Industry State Bank, The First National Bank of Bellville, Fayetteville Bank, Citizens State Bank, The First National Bank of Shiner, and Bank of Brenham.
The financial impact is substantial, with Industry Bancshares contributing
From an operational perspective, Cadence will now operate more than 380 branches across the Southern United States with over 400 ATM and LIVE Teller locations. The integration timeline is clearly defined, with customer-facing changes scheduled for Q4 2025, allowing for a measured transition that minimizes disruption.
The speed of regulatory approval for this transaction suggests strong institutional confidence in Cadence's financial stability and operational capabilities. The bank's investment-grade ratings from S&P Global and Moody's, mentioned in the release, provide further evidence of its financial soundness to support this expansion.
For existing Industry Bancshares customers, the FDIC insurance details outlined in the announcement offer important continuity assurances, particularly regarding time deposits extending beyond the standard six-month transition period.
"We are pleased to have received regulatory approval and completed our acquisition of Industry Bancshares, Inc. so quickly," states Dan Rollins, chairman and CEO of Cadence Bank. "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. With our strong balance sheet and broad array of products and services, we're excited about the growth opportunities for their people, customers and communities."
As a well-capitalized public company with investment-grade ratings from S&P Global and Moody's, Cadence Bank maintains robust liquidity, a diversified, resilient balance sheet and strong operational performance and capital ratios. The combination of the two companies creates a meaningful franchise with financial solutions offered at more than 380 branches across the South and
Customers of Industry Bancshares's subsidiaries will not experience any immediate changes to their banking experience as a result of the merger and should continue using their existing branches, checks, deposit slips, debit card(s), online and mobile banking and other banking services. Customers will receive information regarding changes that may impact their accounts and services this fall as Cadence works toward operational integration in the fourth quarter of 2025.
Rollins added: "This merger came together rapidly because of the strong alignment between our two companies and our dedication to the communities we serve. We are very proud of our team for their swift actions to move this transaction to completion, allowing us to quickly begin serving these customers and communities. We are grateful for the support and responsiveness of our regulators who helped make this process smooth and efficient."
Customer deposit accounts will continue to be insured by the Federal Deposit Insurance Corporation (FDIC). The separate insurance of deposits assumed from the six acquired banks continues for six months from July 1, 2025, or, in the case of a time deposit, the earliest maturity date after the six-month period. In the case of time deposits assumed from the six acquired banks which mature within six months of July 1, 2025, and which are renewed at the same dollar amount (either with or without accrued interest having been added to the principal amount) and for the same term as the original deposit, the separate insurance applies to the renewed deposits until the first maturity date after January 1, 2026. Time deposits that mature before January 1, 2026, and that are renewed on any other basis, or that are not renewed and thereby become demand deposits, are separately insured only until January 1, 2026.
Industry Bancshares reported total assets of
Both companies share a firm commitment to customers and communities. Learn more at CadenceBank.com.
About Cadence Bank
Cadence Bank (NYSE: CADE) is a more than
Forward-Looking Statements
Certain statements contained in this press release may not be based upon historical facts and are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by their reference to a future period or periods or by the use of forward-looking terminology such as "anticipate," "believe," "could," "continue," "seek," "intend," "estimate," "expect," "foresee," "hope," "may," "might," "plan," "should," "predict," "project," "goal," "outlook," "potential," "will," "will result," "will likely result," or "would" or future or conditional verb tenses and variations or negatives of such terms. These forward-looking statements include, without limitation, those relating to the terms, timing and closing of the merger and the benefits and synergies expected from the merger.
Cadence Bank cautions readers not to place undue reliance on the forward-looking statements contained in this press release, in that actual results could differ materially from those indicated in such forward-looking statements as a result of a variety of factors, many of which are beyond the control of Cadence Bank. These factors may include, but are not limited to, the ability of Cadence Bank and Industry Bancshares, Inc. to meet expectations regarding the accounting and tax treatments of the merger, the possibility that any of the anticipated benefits, cost savings and synergies of the merger will not be realized or will not be realized as expected, the ability of Cadence Bank to manage interest rate risk, the ability of Cadence Bank to sell the acquired securities portfolio and the pricing thereof; the acceptance by customers of Industry Bancshares, Inc. of Cadence Bank's products and services the effect of the announcement of the merger on Cadence Bank's operating results, the possibility that the merger and integration of acquired operations may be more expensive or time consuming to complete than anticipated, including as a result of unexpected factors or events, and the impact of all other factors generally understood to affect the assets, business, cash flows, financial condition, liquidity, prospects and/or results of operations of financial services companies and the other factors described under the caption "Risk Factors" in the Form 10-K. Forward-looking statements speak only as of the date of this press release and, except as required by law, Cadence Bank does not undertake any obligation to update or revise forward-looking statements to reflect events or circumstances that occur after the date of this press release.
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FAQ
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