Business First Bancshares Set for Strategic Oakwood Merger

The latest update is out from Business First Bancshares Inc (BFST).

Business First Bancshares, Inc. (BFST) has agreed to acquire Oakwood Bancshares, Inc. in a significant merger set to close in the fourth quarter of 2024. Each share of Oakwood will convert into BFST shares plus cash for fractional shares, with the deal valuing at approximately $85.7 million based on BFST’s recent stock price. Upon completion, Oakwood Bank will merge into BFST’s b1BANK, enhancing BFST’s regional presence. This strategic move is conditioned on shareholder approval and regulatory consents, with top Oakwood executives set to join BFST’s leadership post-merger.

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