Business First Bancshares, through its subsidiary b1Bank, received regulatory approval to finalize an $85.7 million acquisition of Texas-based Oakwood Bancshares Inc. and its wholly owned subsidiary, Oakwood Bank. This strategic merger, approved by Oakwood’s shareholders, is set to expand b1Bank’s asset base to approximately $7.6 billion and increase its loan portfolio to over $5.9 billion. The acquisition includes four banking centers in the Dallas-Fort Worth area and additional branches in Snyder and Oakwood, Texas. Key personnel changes include Roy J. Salley joining b1Bank as regional chair for Dallas and William G. Hall being appointed to the boards of Business First and b1Bank.
Banking and Finance, Mergers and Acquisitions,United States, Louisiana, Texas
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