H.R. No. 2694
R E S O L U T I O N
WHEREAS, Industry State Bank is celebrating its centennial in
2011; and
WHEREAS, In early February 1911, a group of civic leaders
established the First Guaranty State Bank of Industry with 39
shareholders; two weeks later, they accepted a bid of $685 for the
construction of a building, and the new bank opened on June 1, 1911,
with one full-time employee, H. L. Schulze, who was assisted on a
part-time basis by H. H. Boelsche; by September 4 of that year, the
bank had already made more than 40 loans, and in 1913, it paid its
first dividend; reflecting the end of the state's Guaranty Fund,
the bank's name was changed in the 1920s to Industry State Bank, and
it continued to grow with the community; Mr. Schulze would
ultimately lead the bank for 15 years, while his successor, Mr.
Boelsche, would manage the bank for three decades; and
WHEREAS, Arno Krebs became the bank's third president in
1956; the original building was replaced the following year, and in
1973 a new building was dedicated at the present-day site of the
bank, at the northeast corner of Highways 159 and 109, and through
the years, it has been expanded several times; James Lindemann
succeeded Mr. Krebs as president of the institution in 1988, and the
next year the bank acquired New Ulm State Bank as its first branch;
Industry State Bank also acquired three insurance agencies, and
today it ranks fifth in commissions for bank-owned insurance
agencies in Texas; in 1993, the bank formed a holding company,
Industry Bancshares Inc., which now includes five bank charters
operating banking facilities in 15 Central Texas communities and
has assets of more than $1.5 billion; and
WHEREAS, Among the notable leaders who have contributed to
the bank's success through the years has been Jay C. Buenger, who
retired from its board of directors in 2004 after 46 years, 14 of
which he served as chair; Ervin Mieth, Jr., served as the bank's
fifth president after the role of Mr. Lindemann changed to board
chair over the five bank charters; and
WHEREAS, For the past century, Industry State Bank has been a
mainstay of the community, and under the skilled leadership of
current president James Doak Hartley, who has led the bank since
2010, it continues to provide essential financial services to local
residents and businesses; now, therefore, be it
RESOLVED, That the House of Representatives of the 82nd Texas
Legislature hereby commemorate the 100th anniversary of the
founding of Industry State Bank and extend to all those associated
with that institution sincere best wishes for continued success;
and, be it further
RESOLVED, That an official copy of this resolution be
prepared for Industry State Bank as an expression of high regard by
the Texas House of Representatives.
Kolkhorst
______________________________
Speaker of the House
I certify that H.R. No. 2694 was adopted by the House on May
30, 2011, by a non-record vote.
______________________________
Chief Clerk of the House