---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-030643"
form_type: "8-K"
ticker: "BFST"
cik: "0001624322"
company_name: "Business First Bancshares, Inc."
filed_at: "2024-10-03T23:59:59+00:00"
generated_at: "2026-05-30T21:34:01.706339+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# BFST closes Oakwood Bancshares acquisition; issues ~3.9M shares; combined assets $7.6B

## Summary
- Acquisition effective Oct. 1, 2024; each Oakwood share exchanged for 0.5112 BFST shares.
- Total consideration ~3,914,022 shares of BFST common stock issued.
- Pro forma b1BANK has $7.6B assets, $5.9B loans, $6.3B deposits, 55 banking centers.
- William G. Hall appointed to BFST and b1BANK boards; Roy J. Salley named regional chairman, Dallas.

## SEC filing metadata
- accession: 0001437749-24-030643
- form_type: 8-K
- ticker: BFST
- cik: 0001624322
- company_name: Business First Bancshares, Inc.
- filed_at: 2024-10-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1624322/000143774924030643/0001437749-24-030643-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1624322/000143774924030643/bfbi20241003_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-030643
- JSON: https://secwatch.observer/filing/0001437749-24-030643.json
- Plain text: https://secwatch.observer/filing/0001437749-24-030643.txt

## Key facts
- Executive change
  William G. Hall was appointed as Director at Business First Bancshares, Inc..
  - Action: appointed
  - Role: Director
  source text: appointed Mr. William G. Hall to the BFST Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1624322/000143774924030643/0001437749-24-030643-index.htm

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