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Announced

Cadence Bank to acquire Industry Bancshares.

Synopsis

Cadence Bank, a regional financial services company, agreed to acquire Industry Bancshares, a bank holding company. Financial terms were not disclosed. "What makes this alliance so impactful is that Cadence Bank's community banking foundation aligns well with the community focus of Industry Bancshares' six bank subsidiaries. We are all deeply focused on taking care of our customers and the communities we serve. Because we operate in very similar markets across Texas and the South, we understand the needs of these local economies and can bring expanded product offerings and increased lending opportunities to fuel future growth. Furthermore, with our banking services and technology, we will be able to deliver an enhanced customer experience and help even more customers reach their financial goals," Dan Rollins, Cadence Bank Chairman and CEO.

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