Progressive Bank Acquired by Business First Bancshares

Progressive Bank acquired by Business First Bancshares

Progressive Bank, who has a Winnsboro branch, has been acquired by Business First Bancshares, Inc. the holding company for b1BANK.

One of the state's largest banks is acquiring a north Louisiana competitor for nearly $80 million

Baton Rouge-based b1Bank has bought north Louisiana-based Progressive Bank in a deal set to close in early 2026.

Louisiana takes a turn as small-bank M&A epicenter

In the first week of July, two Baton Rouge banks have made $83 million deals to acquire competitors.

Business First Bancshares, Inc. announces agreement to acquire Progressive Bancorp, Inc. and Progressive Bank

The Times of Houma Thibodaux

Business First Bancshares to buy Progressive Bancorp

Louisiana-based Business First Bancshares, the parent company of b1BANK, has agreed to acquire local peer Progressive Bancorp and its subsidiary, Progressive Bank. This acquisition will lift Business First’s total assets to roughly $8.5bn, including over $6.6bn in loans. Business First will issue approximately 3,050,490 shares of common stock to Progressive shareholders, who will hold about 9.3% of the merged entity upon deal completion. The tra…

Louisiana bank looks to bulk up near home with in-state deal

Business First Bancshares in Baton Rouge, Louisiana, has agreed to pay $83 million in stock for an in-state rival, the $752 million-asset Progressive Bancorp in Monroe.