Cadence Bank Completes its Acquisition of Industry Bancshares, Inc.

Core Viewpoint - Cadence Bank has successfully completed the acquisition of Industry Bancshares, enhancing its presence in Texas and expanding its service offerings across more than 380 branches and over 400 ATM locations [1][2][5]. Group 1: Acquisition Details - The acquisition of Industry Bancshares, which includes several banks, was finalized on July 1, 2025, after receiving necessary regulatory and shareholder approvals [1][2]. - Industry Bancshares reported total assets of $4.4 billion, total loans of $1.1 billion, and total deposits of $4.5 billion as of March 31, 2025 [5]. Group 2: Strategic Benefits - The merger is expected to create growth opportunities for customers and communities, leveraging Cadence Bank's strong balance sheet and diverse product offerings [2][4]. - The combination of both companies aims to provide stability and consistency in banking operations and enhance liquidity for lending in the acquired markets [2][4]. Group 3: Customer Experience - Customers of Industry Bancshares will not see immediate changes in their banking experience and can continue using existing services until further integration updates are provided in the fall of 2025 [3][4]. - Customer deposit accounts will remain insured by the FDIC, with specific insurance provisions for time deposits from the acquired banks [4]. Group 4: Company Overview - Cadence Bank is a regional financial services company with over $52 billion in assets, offering a wide range of banking, investment, trust, and mortgage products [6]. - The company has been recognized as one of the nation's best employers and as one of America's Best Banks in 2025 [6].