Third Coast and Heritage Bank announced a merger agreement.

Heritage Bancorp, the parent company of Heritage Bank to merge into Third Coast Bancshares, a leading relationship-oriented bank and would operate under the Third Coast name. Financial terms were not disclosed. Post transactions, the combined assets would evaluate to $1.1bn with 12 branches and one loan production office. “We are thrilled to announce this merger of equals with Heritage. This transaction supplements the organic growth of our Houston footprint and compliments our Texas branch network with a high-quality bank operating in attractive Texas markets. The combined bank will have a presence in three of the four major Texas metropolitan areas and pro forma total assets over $1.1 billion. We believe that this is going to be an outstanding combination for our customers, employees and shareholders.” Bart Caraway, Third Coast Chairman and CEO.