M&A
confidence high
sentiment positive
materiality 0.80
Third Coast to acquire Oklahoma's Great Plains Bancshares in all-stock deal; 5,570,352 TCBX shares issued
Third Coast Bancshares, Inc.
- Third Coast Bancshares (TCBX) and Great Plains Bancshares signed an Agreement and Plan of Reorganization dated Oct 6, 2026; outside termination date is Sept 30, 2027.
- Consideration is a fixed 5,570,352 shares of TCBX Common Stock for all Great Plains stock; the exchange ratio is cut if Great Plains capital less intangibles is below $153,300,000.
- Great Plains shareholders beneficially owning roughly 27.6% of its stock signed a voting agreement to back the merger and forgo transfers.
- Great Plains must pay a $11,981,827 termination fee in certain cases, including alternative acquisition proposals or a board recommendation change.
- Todd Taylor and Paul M. Dickinson (or other agreed Great Plains directors) will join the TCBX and Third Coast Bank boards, each expanded by two seats.