Business First Bancshares, Inc., to acquire Texas bank

Business First Bancshares, Inc., the holding company for b1BANK, in April, announced that it entered into a definitive agreement to acquire Oakwood Bancshares, Inc. and its wholly-owned bank subsidiary, Oakwood Bank (together, Oakwood), in an all-stock transaction for total consideration value of approximately $85.7 million based on the Company’s closing price of $21.57 per share on April 22, 2024.  

As a result of the proposed transaction, b1BANK will add four full-service banking centers in Dallas, one full-service banking center in Oakwood and one full-service banking center in Snyder.