M&A
confidence high
sentiment positive
materiality 0.65
Third Coast Bancshares sells TCCC assets to Gulf Coast Bank for ~$27.5M
Third Coast Bancshares, Inc.
- Total consideration of ~$27.5M at closing; gain of $3.5M recorded.
- Sale effective June 25, 2026; includes structured ongoing revenue share.
- Third Coast will continue offering factoring solutions through partnership with Gulf Coast.
- Company to focus on core commercial banking, asset-based lending, and specialty lending.