secwatch.observer — SEC 8-K summary
======================================

Issuer:     Third Coast Bancshares, Inc. (TCBX)
CIK:        0001781730
Form:       8-K
Filed at:   2026-10-13T20:30:17+00:00
Accession:  0001193125-26-420491
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Third Coast to acquire Oklahoma's Great Plains Bancshares in all-stock deal; 5,570,352 TCBX shares issued
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781730/000119312526420491/0001193125-26-420491-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781730/000119312526420491/d160832d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-420491

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer