Banks & Bankers in the News
Banks in the News
Business First Bank to Acquire Richland State Bank, Launch Public Offering of Common Stock
Baton Rouge-based Business First Bancshares Inc., has announced plans to acquire Richland State Bancorp and its subsidiary, Richland State Bank, which will make it the fourth largest bank headquartered in Louisiana with total assets of approximately $2 billion. The company also announced that it has commenced an underwritten public offering of approximately 900,000 shares of its common stock. Business First went public in April, listing its stock on the NASDAQ under the ticker symbol BFST. Under the acquisition terms—which have been approved by the boards of each company—Richland State’s shareholders will receive cash consideration of approximately $10.6 million and 1,679,608 shares in Business First Bancshares stock, subject to certain conditions and potential adjustments. Subject to closing conditions, shareholder and regulatory approvals, the deal is expected to close in the fourth quarter. When it’s done, Richland State President and Chief Executive Officer Jerome Vascocu will join Business First’s board of directors and serve as chairman of it’s Northeast Louisiana Region.
Metairie Bank Received a Greater New Orleans Region 2018 Top Workplaces Award
Metairie Bank has been awarded a 2018 Top Workplaces honor by The Times-Picayune/NOLA.com. Top workplace honors are based solely on employee feedback gathered through a third-party survey. The anonymous survey measures several aspects of workplace culture, including alignment, execution and connection, just to name a few. “We set out five years ago to become an employer of choice, and I think having now won this award twice in that span makes it a reality,” shares Ron E. Samford, Jr., president and chief executive officer of Metairie Bank. “Congratulations to our Metairie Bank team, whose members truly value our history, our culture, our customers and each other, and strive to make a difference in our communities every day.”
Bankers in the News
M C Bank
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| Dupre |
M C Bank has announced the promotion of Frances Dupre to assistant vice president.