Hunton Andrews Kurth LLP is advising Business First Bancshares, Inc. (NASDAQ: BFST) and its wholly-owned bank subsidiary, b1BANK, as they enter into a definitive agreement to acquire Dallas, Texas-based Oakwood Bancshares, Inc. and its wholly-owned bank subsidiary, Oakwood Bank. The transaction was announced on April 25, 2024, and will be an all-stock transaction for total consideration value of approximately $85.7 million, based on BFST’s closing price of $21.57 per share on April 22, 2024.
![Photo of Acquisition of Oakwood Bancshares, Inc. and Oakwood Bank](assets/images-t1725117942/202263.jpeg)
Acquisition of Oakwood Bancshares, Inc. and Oakwood Bank
An All-Stock Transaction for Total Consideration Value of Approx. $85.7M.