Business First Bancshares, Inc. (BFST): M&A transaction — Business First Bancshares completes acquisition of Progressive Bancorp

Business First Bancshares, Inc.

Closed Jan 1, 2026; Progressive shareholders received ~3.2M BFST shares (6.63x exchange ratio).
Combined assets ~$8.7B, loans $6.6B, deposits $7.2B; adds 9 North Louisiana branches.
Progressive reported $752M assets, $669M deposits, $70M equity as of Sep 30, 2025.
George Cummings III (ex-Progressive CEO) joins BFST and b1BANK boards; David Hampton named vice chairman of North LA market.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Business First Bancshares, Inc. completed an acquisition involving Progressive Bancorp, Inc. for approximately 3,197,185 shares of BFST common stock (closed 2026-01-01).

Action: acquisition
Counterparty: Progressive Bancorp, Inc.
Consideration: approximately 3,197,185 shares of BFST common stock
Closing: 2026-01-01

Exact text from the filing

stock underlying such Progressive restricted stock award, without interest. The total aggregate consideration delivered to holders of Progressive common stock was approximately 3,197,185 shares of BFST common stock. The issuance of shares of BFST common stock in connection with the Merger was registered under the Securities Act of 1933, as amended (the “Securities

View on SEC.gov

Browse all m&a transactions →

Business First Bancshares, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-26-000182

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.