About Industry State Bank
Industry State Bank is a company based in Texas City (United States) founded in 1911 was acquired by Cadence Bank in April 2025. It operates as a Commission-Based, and Brokerage / Intermediation. Industry State Bank has raised $10.58 million across 6 funding rounds from investors including Cadence Bank. Industry State Bank offers products and services including Personal Banking, Business Banking, and Lending Solutions. Industry State Bank operates in a competitive market with competitors including Truist, Investec, Equity Bank, Citi and KeyBank, among others.
- Headquarter Texas City, United States
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Industry State Bank
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10.58 M (USD)
in 6 rounds
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Latest Funding Round
$3.44 M (USD), Series A
Feb 13, 2024
- Investors
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Employee Count
Employee Count
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Acquired by
Cadence Bank
(Apr 25, 2025)
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Products & Services of Industry State Bank
Industry State Bank offers a comprehensive portfolio of products and services, including Personal Banking, Business Banking, and Lending Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Personal banking services are provided for individual clients.
Business banking solutions are offered for corporate clients.
Various loan products are provided for personal needs.
Funding Insights of Industry State Bank
Industry State Bank has successfully raised a total of $10.58M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $3.44 million completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series A — $3.4M
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First Round
First Round
(31 Jan 2014)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series A - Industry State Bank | Valuation |
investors |
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| May, 2018 | Amount | Unspecified - Industry State Bank | Valuation |
investors |
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| Oct, 2017 | Amount | Unspecified - Industry State Bank | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Industry State Bank
Industry State Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Cadence Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Commercial banking services are provided to businesses and individuals.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Industry State Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Industry State Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Industry State Bank Comparisons
Competitors of Industry State Bank
Industry State Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, Investec, Equity Bank, Citi and KeyBank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| domain | founded_year | HQ Location |
Regional bank
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Industry State Bank
When was Industry State Bank founded?
Industry State Bank was founded in 1911 and raised its 1st funding round 103 years after it was founded.
Where is Industry State Bank located?
Industry State Bank is headquartered in Texas City, United States. It is registered at Texas City, Texas, United States.
Who is the current CEO of Industry State Bank?
J Doak Hartley is the current CEO of Industry State Bank.
Is Industry State Bank a funded company?
Industry State Bank is a funded company, having raised a total of $10.58M across 6 funding rounds to date. The company's 1st funding round was a Unspecified of $290.56K, raised on Jan 31, 2014.
What does Industry State Bank do?
Industry State Bank is involved in offering a range of financial services. Personal banking products, including checking, savings, and IRAs, are provided to individual clients. Business banking solutions, such as commercial accounts and loans, are offered to corporate customers. Lending solutions for personal, agricultural, and commercial purposes are also made available. The bank operates in the financial sector, focusing on community-based banking in Texas, United States.
Who are the top competitors of Industry State Bank?
What products or services does Industry State Bank offer?
Industry State Bank offers Personal Banking, Business Banking, and Lending Solutions.
Who are Industry State Bank's investors?
Industry State Bank has 1 investor. Key investors include Cadence Bank.