Board of Governors of the Federal Reserve System

The Federal Reserve Board on Wednesday announced its approval of the application by CSBH, LLC, of Powhatan, Virginia, to acquire up to 49.9 percent of Industry Bancshares, Inc., of Industry, Texas, and thereby indirectly acquire control of several subsidiary banks.

Those banks include: (1) Citizens State Bank, of Buffalo, Texas; (2) Industry State Bank, of Industry, Texas; (3) Bank of Brenham, National Association, of Brenham, Texas; (4) Fayetteville Bank, of Fayetteville, Texas; (5) The First National Bank of Shiner, of Shiner Texas; and (6) The First National Bank of Bellville, of Bellville, Texas.

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