MergerOct 7, 2026, 06:51 AM
Third Coast Bancshares to Acquire Great Plains Bancshares for $239.6M
AI Summary
Third Coast Bancshares, Inc. (TCBX) announced it has entered into a definitive merger agreement to acquire Great Plains Bancshares, Inc. in an all-stock transaction valued at approximately $239.6 million. The combined entity is projected to have total assets exceeding $9 billion. Great Plains will continue to operate under its brand as a division of Third Coast Bank. The merger is expected to close in the first quarter of 2027, pending regulatory and shareholder approvals.
Key Highlights
- Third Coast Bancshares to acquire Great Plains Bancshares in an all-stock transaction valued at approximately $239.6 million.
- Combined company is expected to have approximately $9 billion in assets.
- Great Plains shareholders will receive shares of Third Coast common stock.
- Third Coast expects to issue 5,570,352 shares of its common stock.
- Pro forma equity ownership: 78% by Third Coast shareholders, 22% by Great Plains shareholders.
- Transaction expected to close in the first quarter of 2027, subject to approvals.
Price Impact
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