.
MergerLinks Header Logo

New Deal


Announced

Completed

BancPlus completed the acquisition of First Trust for $202m.

Financials

Edit Data
Transaction Value£148m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

bank holding company

Private

Domestic

Friendly

Acquisition

United States

Banks

Majority

Single Bidder

Completed

Synopsis

Edit

BancPlus, the parent company of BankPlus, completed the acquisition of First Trust, the parent company of First Bank and Trust, for $202m. “We are excited to welcome First Bank and Trust’s clients, shareholders and team members to the BankPlus family. First Bank and Trust has built a strong foundation in the New Orleans market that we look forward to expanding. Together, we will continue their tradition of service coupled with our commitment to positively impact the customers, employees and communities as these two banks become one," William A. Ray, BankPlus President and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US