Third Coast Bancshares to Acquire Great Plains Bancshares in $239.6M All-Stock Deal
Third Coast Bancshares, Inc. (NYSE & NYSE Texas: TCBX) has entered into a definitive merger agreement with Great Plains Bancshares, Inc., acquiring the Oklahoma-based bank for approximately $239.6 million in an all-stock transaction. The deal is expected to create a combined company with total assets exceeding $9 billion and will expand Third Coast's presence in Texas while establishing its entry into Oklahoma. The merger aims to combine two relationship-driven community banks, enhancing scale and capabilities to better serve customers across the region. Under the terms of the agreement, Great Plains shareholders will receive shares of TCBX stock, with pro forma ownership split at 78% for Third Coast and 22% for Great Plains after closing. The transaction is subject to regulatory approvals and shareholder votes from both companies and is expected to close in early 2027. Two Great Plains representatives will join the board of directors post-merger, including Mark Russell, who will continue as a leader within the combined organization.
Tickers: $TCBX