Cadence Bancorporation Expands Texas Presence with Acquisition of Industry Bancshares
- Cadence Bank completes acquisition of Industry Bancshares, expanding its presence in Texas and the Southern market.
- The merger enhances Cadence's customer service, with over 380 branches and improved access to financial services.
- Cadence Bank aims to strengthen lending capabilities and support local initiatives through the integration of Industry Bancshares.
Cadence Bank Expands Reach with Strategic Acquisition of Industry Bancshares
On July 1, 2025, Cadence Bank announces the completion of its acquisition of Industry Bancshares, Inc., a move that marks a significant expansion of its footprint in Texas and the broader Southern market. This merger, which includes notable entities such as Industry State Bank and The First National Bank of Bellville, is finalized following the necessary regulatory and shareholder approvals. Dan Rollins, chairman and CEO of Cadence Bank, expresses satisfaction with the rapid progression of the merger, noting that Industry Bancshares' deep roots in Texas make it a natural fit for Cadence's existing operations in the region.
The acquisition is poised to create multiple growth opportunities for both Cadence Bank and Industry Bancshares, enhancing customer service and community engagement. With this merger, Cadence Bank now operates over 380 branches and boasts more than 400 ATM and LIVE Teller locations across Texas and the Southern U.S. This expanded network is expected to provide customers with improved access to financial services, reflecting Cadence's commitment to building strong relationships within the communities it serves. Rollins emphasizes that customers of Industry Bancshares will continue to enjoy their existing banking services during the transition, with further details regarding potential changes to be announced in the fall.
The strategic rationale behind this acquisition underscores Cadence Bank's desire to enhance stability and liquidity within Industry's banking operations. The merger is set to strengthen lending capabilities in the markets served by Industry Bancshares, ultimately benefiting local customers. Cadence Bank is recognized for its robust capital position, holding strong investment-grade ratings from S&P Global and Moody's. This solid financial foundation, combined with the operational synergies expected from the merger, positions Cadence Bank to further improve its performance and better serve its expanding customer base.
In addition to operational benefits, the acquisition reflects Cadence Bank's commitment to community-oriented banking. The integration of Industry Bancshares will allow Cadence to leverage its resources to invest in local initiatives and support economic development in Texas. This merger not only signifies growth for Cadence Bank but also enhances its role as a pivotal financial institution in the region.
As the banking landscape continues to evolve, Cadence Bank's acquisition of Industry Bancshares positions it strategically for future challenges and opportunities. By focusing on customer service and community engagement, Cadence reaffirms its commitment to delivering value and stability in an increasingly competitive market.