Business First Bancshares Acquires Oakwood Bancshares and Oakwood Bank

April 25, 2024

Business First Bancshares, Inc. (b1BANK) agreed to acquire Oakwood Bancshares, Inc. and its banking subsidiary Oakwood Bank in an all‑stock transaction valued at approximately $85.7 million. The deal — expected to close in Q4 2024 and subject to regulatory and shareholder approvals — expands b1BANK's Texas footprint (adding six branches, including four in Dallas) and increases its consolidated assets to about $7.4 billion.

Buyers
Business First Bancshares, Inc.
Targets
Oakwood Bancshares, Inc., Oakwood Bank
Sellers
Oakwood Bancshares, Inc.
Location
Texas, United States
Transaction Type
Buyout

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