Third Coast Bancshares to acquire Great Plains Bancshares for approximately $239.6 million
TCBX Third Coast Bancshares Inc
$41.27 -4.07%
View chart & analysis → - 1Third Coast Bancshares will acquire Great Plains Bancshares and its subsidiaries for approximately $239.6 million in stock.
- 2Upon completion of the merger, the combined entity will hold approximately $9 billion in assets and 43 branches.
- 3Following the merger, Third Coast shareholders will own approximately 78% and Great Plains shareholders will own 22% of the equity.
So what's the key point?
Third Coast Bancshares has agreed to purchase Great Plains Bancshares for approximately $239.6 million. Once the merger is complete, the two companies will join together to form a larger bank.
Source Banking Dive · View original ↗
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