Brief: Business First Bancshares Announces Agreement To Acquire Progressive Bancorp And Progressive Bank
07/07/2025 21:35
July 7 (Reuters) - Business First Bancshares Inc BFST.O: BUSINESS FIRST BANCSHARES, INC. ANNOUNCES AGREEMENT TO ACQUIRE PROGRESSIVE BANCORP, INC. AND PROGRESSIVE BANK BUSINESS FIRST BANCSHARES: ONCE COMPLETED, ACQUISITION IS EXPECTED TO INCREASE BUSINESS FIRST'S TOTAL ASSETS TO ABOUT $8.5 BILLION BUSINESS FIRST BANCSHARES - PROGRESSIVE SHAREHOLDERS WILL OWN AROUND 9.3 PERCENT OF COMBINED COMPANY AFTER CLOSING BUSINESS FIRST BANCSHARES- UNDER DEAL, BUSINESS FIRST EXPECTS TO ISSUE ABOUT 3.1 MILLION SHARES OF COMMON STOCK TO PROGRESSIVE SHAREHOLDERS Source text: ID:nGNX6f7Lm3 Further company coverage: BFST.O ((Reuters.Briefs@thomsonreuters.com;))
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