Third Coast Bancshares agrees to buy Great Plains Bancshares in stock deal
Bitget2026/10/13 20:31- Third Coast Bancshares agreed to acquire Great Plains Bancshares in a two-step merger, followed by merging Great Plains National Bank into Third Coast Bank.
- Great Plains shareholders will receive Third Coast common stock based on an exchange ratio tied to 5,570,352 shares issued in total.
- Consideration may be reduced if Great Plains falls below $153.3 million of capital, surplus, and retained earnings less intangibles at closing.
- The deal includes an $11.98 million termination fee payable by Great Plains under certain breakup scenarios.
- Third Coast plans to add two Great Plains directors to its board, naming Todd Taylor and Paul M. Dickinson.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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