BankPlus completed the acquisition of State Capital for $137m.

BankPlus, a commercial bank in Mississippi, completed the acquisition of State Capital, a banking service provider, for $137m. Based upon financial data as of December 31, 2019, the combined company has approximately $4.1bn in assets, deposits of $3.6bn and gross loans of $3bn. "We are excited to welcome State Bank’s clients, shareholders and team members to the BankPlus family. This merger represents two of Mississippi’s oldest banks coming together with a shared banking philosophy, developed over generations of serving communities and businesses," William A. Ray, BankPlus President and CEO.