M&A
confidence high
sentiment neutral
materiality 0.85
Third Coast Bancshares to acquire Keystone Bancshares for 0.45925 TCBX shares per Keystone share
Third Coast Bancshares, Inc.
- Each Keystone share converts to 0.45925 TCBX shares; holders may elect cash subject to $20M aggregate cap.
- Deal requires Keystone to deliver at least $94.576M in adjusted capital (capital surplus minus intangibles).
- Keystone shareholders representing ~12% entered into voting agreement to support the merger.
- Transaction expected to close by September 30, 2026, pending regulatory and shareholder approvals.
- Termination fee of $4,820,128 payable by Keystone under certain circumstances, including alternative proposals.