Why is industry Bancshares raising investor capital?
To address the OCC’s concerns, Industry Bancshares’ executives told shareholders the company is in the process of raising investor capital to bolster the banks’ balance sheets to “an appropriate level of capital to be safer and sounder institutions.”
Why is industry Bancshares' net worth so bad?
Rising rates have caused a slow-moving banking crisis nationwide this year and it’s coming home to rural Southeast Texas. Since at least December, all of Industry Bancshares’ subsidiary banks have reported a significant negative net worth under traditional accounting standards. The reason: losses in their bond portfolios. Its banks aren’t alone.
