Mergers & Acquisitions ·
Third Coast Bancshares agrees to acquire Great Plains Bancshares in stock merger
TCBXThird Coast Bancshares, Inc.
Third Coast Bancshares, Inc. entered into an Agreement and Plan of Reorganization with Great Plains Bancshares, Inc., under which a Third Coast subsidiary will merge with Great Plains, followed by an integrated second-step merger. Great Plains shareholders will receive shares of Third Coast common stock based on an exchange ratio derived from $5,570,352 divided by the number of outstanding Great Plains shares. The transaction requires approval from both companies' shareholders and regulatory bodies, with a termination fee of approximately $12 million. Third Coast Bancshares operates as a bank holding company in Texas.