Third Coast Bancshares acquires Great Plains for $239.6 million
- Third Coast Bancshares signed a definitive agreement to acquire Great Plains Bancshares in an all-stock deal valued at $239.6 million.
- The regional banking expansion will establish a combined institution with approximately $9 billion in total assets.
- The company expects the transaction to expand its presence in Dallas and establish a market footprint in Oklahoma.
Third Coast Bancshares (NASDAQ:TCBX) signed an agreement to acquire Great Plains Bancshares in a $239.6 million all-stock transaction.
The strategic acquisition relies on the closing share price recorded on October 6, 2026, to calculate total consideration.
The company stated that it expects the combined financial institution to manage approximately $9 billion in total assets.
The regional expansion will strengthen the existing presence in Dallas while facilitating its initial entry into the Oklahoma market.
Third Coast Bancshares expects to issue 5,570,352 common shares, granting its current shareholders approximately 78% pro forma ownership.
The transaction is expected to close in the first quarter of 2027, subject to shareholder and regulatory approvals.
