Business First Bancshares announced it has received all required regulatory approvals and non-objections to complete its merger with Oakwood Bancshares, Inc., the holding company for Oakwood Bank, a Texas banking association. On August 27, 2024, Oakwood’s shareholders voted to approve the merger. Upon completion, it is expected that b1BANK’s assets will increase to approximately $7.6 billion, with over $5.9 billion in consolidated total loans. This will also add four full-service banking centers to b1BANK’s footprint in the Dallas-Fort Worth metropolitan area, as well as one branch in each of Snyder and Oakwood, Texas. Roy J. Salley, chairman and chief executive officer of Oakwood Bank, will join b1BANK as regional chairman, Dallas, and William G. Hall, chairman of Oakwood Bancshares, Inc., will be appointed to the boards of directors of Business First and b1BANK.
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