Third Coast Bancshares to buy Great Plains Bancshares in $239.6 million stock deal
TCBX•Third Coast Bancshares will acquire Great Plains Bancshares in an all-stock deal valued at $239.6 million, with closing targeted for the first quarter of 2027.
1. Deal terms and reach
Third Coast expects to issue 5,570,352 shares, with pro forma ownership of about 78% for Third Coast holders and 22% for Great Plains holders. The combined group is projected to exceed $9 billion in assets. The deal would expand Third Coast’s Dallas footprint and add entry into Oklahoma through Great Plains’ 23 branches across Oklahoma and Texas; the Great Plains brand will continue as a division of Third Coast Bank.
