Third Coast Bancshares to Acquire Great Plains Bancshares in $239.6 Million All-Stock Deal
MT newswire2026/10/07 10:5106:51 AM EDT, 10/07/2026 (MT Newswires) -- Third Coast Bancshares (TCBX) signed a definitive deal to acquire Great Plains Bancshares in an all-stock transaction valued at about $239.6 million, the companies said Wednesday. Under the transaction, Third Coast expects to issue 5.57 million common shares, giving Great Plains shareholders a 22% stake in the merged company while Third Coast shareholders will own the remaining 78% stake, they said. The boards of both companies approved the transaction, which is expected to close in Q1 2027. After closing, Great Plains will continue operating as Great Plains Bank, but as a division of Third Coast Bank, the companies added.
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