secwatch.observer — SEC 8-K summary
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Issuer:     Business First Bancshares, Inc. (BFST)
CIK:        0001624322
Form:       8-K
Filed at:   2022-03-01T23:59:59+00:00
Accession:  0001437749-22-004855
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1624322/000143774922004855/0001437749-22-004855-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1624322/000143774922004855/bfbi20220228_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-004855

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