Third Coast Bancshares sells Third Coast Commercial Capital assets to Gulf Coast Bank for about $27.5 million
TCBX•Asset sale completed for about $27.5 million
Third Coast Bancshares closed the sale of substantially all assets of Third Coast Commercial Capital to Gulf Coast Bank & Trust, effective June 25, 2026.
The transaction delivered about $27.5 million of consideration at closing, generating a $3.5 million gain.
Strategic focus shifts to core lending businesses
Third Coast said the move supports a strategy centered on core commercial banking, asset-based lending, and specialty lending.
Factoring business to continue through partnership
The company said its factoring offering will continue through a partnership with Gulf Coast, including a structured ongoing revenue share.
