HOUSTON – Bracewell LLP is advising Texas Citizens Bancorp, Inc., the holding company of Texas Citizens Bank, N.A., in its merger with Business First Bancshares, Inc. (Nasdaq: BFST), the holding company of b1BANK. Pursuant to the definitive agreement, Texas Citizens and Texas Citizens Bank will merge with and into Business First and b1BANK, respectively, in an all-stock transaction. This combination will provide b1BANK a presence in Houston.
The transaction is expected to close in the first quarter of 2022, subject to satisfaction of customary closing conditions, including receipt of regulatory approvals and Texas Citizens shareholder approval.
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Bracewell lawyers involved in the transaction included:
Partners: Scott C. Sanders, Will Anderson and Matthew B. Grunert
Counsel: Ian R. Brown
Associates: Kate Barrington McGregor, Shannon L. Baldwin and Caroline M. Melo