M&A
confidence high
sentiment positive
materiality 0.75
BFST receives all regulatory approvals for Oakwood Bancshares merger; completion expected Oct 1
Business First Bancshares, Inc.
- Regulatory approvals obtained from Fed, FDIC, Louisiana OFI, Texas Banking Dept.
- Oakwood shareholders voted to approve the merger on August 27, 2024.
- Post-merger b1BANK assets ~$7.6B, total loans ~$5.9B; adds 4 DFW branches plus 2 others.
- Roy J. Salley to join as regional chairman Dallas; William G. Hall to BFST and b1BANK boards.
- Merger expected to close October 1, 2024, subject to customary closing conditions.