Announced

Third Coast Bancshares to merge with Keystone Bancshares in a $123m deal.

Synopsis

Third Coast Bancshares, a Texas-based, commercially focused bank holding company, agreed to merge with Keystone Bancshares, a Texas state savings bank, providing real estate and small business loans, residential real estate financing, private banking, and relationship banking services, in a $123m deal. "We are thrilled to join forces with Keystone — a partnership that aligns with our strategy to strengthen our presence in the greater Austin market, perfectly complementing our Texas branch network. Keystone is a highly respected financial institution that shares our core values of exceptional customer service and building lasting relationships within the communities we serve. Together, we will create significant benefits for our customers, driving innovation and operational excellence. We strongly believe this partnership will enhance our financial position, drive sustainable growth, and create long-term value for our shareholders," Bart Caraway, Third Coast Founder, Chairman, President and CEO.

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