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Business First Bancshares, Inc., Completes Acquisition Of Texas Citizens Bancorp, Inc., Expands Business Banking To Houston Market

Mar 01, 2022•over 3 years ago

Acquiring Company

Business First Bancshares

Acquired Company

Citizens Bancorp

Baton Rouge

Description

Business First Bancshares, Inc. (Business First) (Nasdaq: BFST), the holding company for b1BANK, has completed its acquisition of Texas Citizens Bancorp, Inc. (Texas Citizens), and its wholly owned bank subsidiary, Texas Citizens Bank, National Association. The acquisition became effective March 1, 2022, in accordance with the terms of the previously announced agreement.

Company Information

Company

Business First Bancshares

Location

Baton Rouge, Louisiana, United States

About

Headquartered in downtown Baton Rouge, LA, b1BANK began as a community bank to support entrepreneurs and small community businesses in 2006. The bank has thrived over the years with its relationship-based banking approach and innovative technology. Business First Bancshares, Inc. (Nasdaq: BFST), through its banking subsidiary b1BANK, and operates Banking Centers and Loan Production Offices in markets across Louisiana and Texas, providing robust commercial and personal banking products and services. b1BANK is a member of the FDIC

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M&A Insights

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Integration timeline
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Tech stack consolidation
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Post-acquisition investment
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