secwatch.observer — SEC 8-K summary
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Issuer:     Business First Bancshares, Inc. (BFST)
CIK:        0001624322
Form:       8-K
Filed at:   2026-01-05T23:59:59+00:00
Accession:  0001437749-26-000182
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Business First Bancshares completes acquisition of Progressive Bancorp
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1624322/000143774926000182/0001437749-26-000182-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1624322/000143774926000182/bfbi20251231_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-000182

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