Third Coast to Buy Oklahoma Bank for $240M

Third Coast Bank making $240 million acquisition to grow in DFW, Oklahoma

Great Plains National Bank had been on a growth trajectory in North Texas. Now, it will combine with a Houston-area bank looking to expand in Dallas-Fort Worth and gain an entry to Oklahoma. Read on to learn more about the latest bank deal that will create a combined company with $9 billion in assets.

Third Coast to buy Oklahoma bank for $240M

The announcement comes roughly a year after Houston-based Third Coast announced its $123 million purchase of Austin, Texas-based Keystone Bancshares.

Third Coast to acquire Great Plains Bancshares for $239.6M; shares up

Third Coast Bancshares (TCBX) has agreed to acquire Great Plains Bancshares in an all-stock transaction valued at approximately $239.6M, driving TCBX shares up 4.67% to $45.03 in premarket trading on Wednesday.

Third Coast Bank looks to grow Dallas, Oklahoma City via M&A

Third Coast CEO Bart Caraway said the bank's bigger balance sheet and more sophisticated middle-market lending capabilities can help an Oklahoma bank it's acquiring to capture more commercial business.