Bill Text: TX HR2694 | 2011-2012 | 82nd Legislature | Enrolled
Bill Title: Commemorating the 100th anniversary of Industry State Bank.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2011-06-03 - Reported enrolled [HR2694 Detail]
Download: Texas-2011-HR2694-Enrolled.html
| H.R. No. 2694 | ||
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| 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 | ||
