Citizens State Bank to join Cadence Bank after merger

Cadence Bank has announced the signing of a merger agreement with Industry Bancshares, Inc., the bank holding company for Citizens State Bank and several other banks.

Citizens State Bank announced that it would be joining Cadence Bank pending required approvals and conditions. Citizens State Bank has locations in Whitney, West, Hubbard, Itasca, Clifton, Dawson, Groesbeck, Buffalo, Centerville and Teague.

Founded in 1911 and headquartered in Industry, Industry Bancshares operates 27 full-service branches across central and southeast Texas.

“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,” said Dan Rollins, chairman and CEO of Cadence Bank.

“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.”

Customers of Industry’s six bank subsidiaries will continue to receive the same exemplary service they have come to expect from the bankers they know and trust.

“This merger represents an exciting new chapter for our customers and communities,” stated Carl J. Chaney, executive chairman of Industry Bancshares.

“Cadence shares our deep commitment to building strong relationships and doing what is right for our customers and communities. With their scale, resources and relationship-driven approach, this merger will allow continued personal service and trusted expertise our customers depend on.”

Industry Bancshares, Inc. is also the bank holding company for The Bank of Brenham, Fayetteville Bank, Industry State Bank, The First National Bank of Bellville and The First National Bank of Shiner.