Third Coast Bancshares, Inc. (TCBX): M&A transaction — Third Coast Bancshares completes Keystone merger, combined assets exceed $6B

Third Coast Bancshares, Inc.

Merger effective Feb 1, 2026; Keystone shareholders received ~2.6M TCBX shares and $20M cash.
Combined company total assets exceed $6 billion.
Jeff Wilkinson appointed to TCBX board and as Chairman – Austin Market; Bryan St. George named President of Commercial Services.
Wilkinson employment agreement: $481,500 base salary, $1.4M retention bonus (half within 30 days, half after one year).
Customer conversion of Keystone Bank branches expected in summer 2026; Keystone customers continue current service until then.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Third Coast Bancshares, Inc. completed an acquisition involving Keystone Bancshares, Inc. for approximately 2.6 million shares of Third Coast common stock and $20 million in cash (closed 2026-02-01).

Action: acquisition
Counterparty: Keystone Bancshares, Inc.
Consideration: approximately 2.6 million shares of Third Coast common stock and $20 million in cash
Closing: 2026-02-01

Exact text from the filing

of the Merger Agreement, a copy of which is filed as Exhibit 2.1 and incorporated herein by reference. The total aggregate consideration payable in the Merger was approximately 2.6 million shares of Third Coast common stock and $20 million in cash. The issuance of shares of Third Coast common stock in connection with the Merger was registered under the Securities

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Third Coast Bancshares, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-033737

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