---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-004855"
form_type: "8-K"
ticker: "BFST"
cik: "0001624322"
company_name: "Business First Bancshares, Inc."
filed_at: "2022-03-01T23:59:59+00:00"
generated_at: "2026-06-27T03:02:35.255123+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Business First Bancshares completes acquisition of Texas Citizens Bancorp, expanding to Houston

## Summary
- Deal closed March 1, 2022; TCBI shareholders received 0.7038 BFST shares per TCBI share, ~2.1M shares issued.
- BFST assumed $26.4M in TCBI subordinated notes: $8.9M at 8.00%, $10M at 6.25%, $7.5M at 6.375%.
- Combined b1BANK has ~$5.3B assets, $3.6B loans, $4.6B deposits; adds 6 Houston locations for 48 total Banking Centers.
- Duncan Stewart (ex-TCBI CEO) named Houston region chairman; Mike Cornett as vice chair; Don Hingle as regional president Houston.

## SEC filing metadata
- accession: 0001437749-22-004855
- form_type: 8-K
- ticker: BFST
- cik: 0001624322
- company_name: Business First Bancshares, Inc.
- filed_at: 2022-03-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1624322/000143774922004855/0001437749-22-004855-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1624322/000143774922004855/bfbi20220228_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-004855
- JSON: https://secwatch.observer/filing/0001437749-22-004855.json
- Plain text: https://secwatch.observer/filing/0001437749-22-004855.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.