Alston & Bird advised Industry Bancshares, a Texas-based bank holding company, on its stock purchase agreement with Virginia-based bank holding company CSBH LLC to serve as lead investor in its $195 million common stock raise. The agreement provides additional capital to support Industry Bancshares’ focus on serving its customers and communities.
Representing Industry Bancshares was an Alston & Bird team led by partner Sandy Brown, senior associate J.P. Mahoney, and associate Stephan Harris (Financial Services); partner Brett Coburn (Labor & Employment); and counsel Kerry Wenzel (Employee Benefits & Executive Compensation).