Business First Bancshares, Inc. (Business First) has received all necessary regulatory approvals to finalize its merger with Oakwood Bancshares, Inc. Oakwood shareholders approved the merger on August 27, 2024. The merger will expand Business First’s assets to approximately $7.6 billion and loans to $5.9 billion. This transaction adds several banking centers to Business First’s footprint in Texas, specifically in the Dallas-Fort Worth area, Snyder, and Oakwood. Notably, key leadership from Oakwood will join Business First’s management team post-merger. Financial and legal advisory services for the merger were provided by Raymond James & Associates, Hunton Andrews Kurth LLP, Stephens Inc., and Norton Rose Fulbright US LLP. The merger is scheduled to be completed on October 1, 2024, pending customary closing conditions.
Banking, Financial Services,United States, Texas
https://www.globenewswire.com/news-release/2024/09/03/2940156/0/en/Business-First-Bancshares-Inc-Receives-Regulatory-Approval-of-its-Merger-with-Oakwood-Bancshares-Inc.html