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R E S O L U T I O N
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WHEREAS, Industry State Bank is celebrating its centennial in |
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2011; and |
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WHEREAS, In early February 1911, a group of civic leaders |
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established the First Guaranty State Bank of Industry with 39 |
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shareholders; two weeks later, they accepted a bid of $685 for the |
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construction of a building, and the new bank opened on June 1, 1911, |
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with one full-time employee, H. L. Schulze, who was assisted on a |
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part-time basis by H. H. Boelsche; by September 4 of that year, the |
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bank had already made more than 40 loans, and in 1913, it paid its |
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first dividend; reflecting the end of the state's Guaranty Fund, |
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the bank's name was changed in the 1920s to Industry State Bank, and |
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it continued to grow with the community; Mr. Schulze would |
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ultimately lead the bank for 15 years, while his successor, Mr. |
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Boelsche, would manage the bank for three decades; and |
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WHEREAS, Arno Krebs became the bank's third president in |
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1956; the original building was replaced the following year, and in |
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1973 a new building was dedicated at the present-day site of the |
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bank, at the northeast corner of Highways 159 and 109, and through |
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the years, it has been expanded several times; James Lindemann |
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succeeded Mr. Krebs as president of the institution in 1988, and the |
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next year the bank acquired New Ulm State Bank as its first branch; |
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Industry State Bank also acquired three insurance agencies, and |
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today it ranks fifth in commissions for bank-owned insurance |
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agencies in Texas; in 1993, the bank formed a holding company, |
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Industry Bancshares Inc., which now includes five bank charters |
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operating banking facilities in 15 Central Texas communities and |
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has assets of more than $1.5 billion; and |
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WHEREAS, Among the notable leaders who have contributed to |
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the bank's success through the years has been Jay C. Buenger, who |
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retired from its board of directors in 2004 after 46 years, 14 of |
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which he served as chair; Ervin Mieth, Jr., served as the bank's |
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fifth president after the role of Mr. Lindemann changed to board |
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chair over the five bank charters; and |
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WHEREAS, For the past century, Industry State Bank has been a |
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mainstay of the community, and under the skilled leadership of |
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current president James Doak Hartley, who has led the bank since |
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2010, it continues to provide essential financial services to local |
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residents and businesses; now, therefore, be it |
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RESOLVED, That the House of Representatives of the 82nd Texas |
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Legislature hereby commemorate the 100th anniversary of the |
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founding of Industry State Bank and extend to all those associated |
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with that institution sincere best wishes for continued success; |
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and, be it further |
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RESOLVED, That an official copy of this resolution be |
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prepared for Industry State Bank as an expression of high regard by |
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the Texas House of Representatives. |