Reported Earlier, Business First Bancshares Merger With Oakwood Bancshares Approved, b1BANK To Gain Five New Branches Across Texas
Portfolio Pulse from Benzinga Newsdesk
Business First Bancshares' merger with Oakwood Bancshares has been approved, expanding b1BANK's presence in Texas with five new branches. The merger will increase b1BANK's assets to $7.6 billion and is expected to complete by October 1, 2024.
September 04, 2024 | 7:26 am
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Business First Bancshares' merger with Oakwood Bancshares will expand b1BANK's footprint in Texas, adding five new branches and increasing assets to $7.6 billion. The merger is set to complete by October 1, 2024.
The merger approval is a significant expansion for BFST, increasing its asset base and market presence in Texas. This strategic move is likely to positively impact BFST's stock price in the short term as it enhances growth prospects.
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