Cadence Bank seals deal to buy Industry Bancshares [Yahoo! Finance]
Cadence Bank (CADE)
Last cadence bank earnings: 4/29 06:31 am
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Source: Yahoo! Finance
The companies have entered a definitive merger deal in this regard. As per the agreed terms,Cadence Bank will purchase all outstanding common stock of Industry Bancshares for a cash payment ranging from $20m to $60m, depending on the company's equity capital at the time of closing, along with certain conditions and adjustments. Industry Bancshares is the parent company of Bank of Brenham, Citizens State Bank, Fayetteville Bank, Industry State Bank, The First National Bank of Bellville, and The First National Bank of Shiner. The deal has received unanimous approval from the boards of directors of both companies. Industry Bancshares executive chairman Carl Chaney said: “Cadence shares our deep commitment to building strong relationships and doing what is right for our customers and communities.” Industry Bancshares, founded in 1911 and based in Industry, Texas, operates 27 full-service branches across Central and Southeast Texas. As of 31 March 2025, the company reported to
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