Third Coast to Acquire Great Plains for Nearly $240 Million
By Connor Hart Third Coast Bancshares agreed to acquire Great Plains Bancshares in an all-stock transaction valued at nearly $240 million, a deal that would tie up two community banks with holdings across Texas and Oklahoma. The combined company is expected to have more than $9 billion in assets following the deal's close, expected to occur in the first quarter of 2027, Third Coast and Great Plains said Wednesday. The deal would expand Third Coast's presence in Dallas and establish its entry into the Oklahoma market, the companies said. Great Plains, headquartered in Oklahoma City, operates a 23-branch franchise across both the Lone Star and Sooner states. Third Coast and Great Plains added that the deal presents an opportunity to combine two culturally aligned, relationship-driven community banks. "Together, we are creating a stronger organization with greater scale, expanded capabilities, and increased capacity to support our customers," Third Coast Chief Executive Bart Caraway said. Following the two-step merger, Third Coast shareholders are expected to own about 78% of the combined company. Great Plains shareholders would own the remaining roughly 22%. Great Plains is se
By Connor Hart Third Coast Bancshares agreed to acquire Great Plains Bancshares in an all-stock transaction valued at nearly $240 million, a deal that would tie up two community banks with holdings across Texas and Oklahoma. The combined company is expected to have more than $9 billion in assets following the deal's close, expected to occur in the first quarter of 2027, Third Coast and Great Plains said Wednesday. The deal would expand Third Coast's presence in Dallas and establish its entry into the Oklahoma market, the companies said. Great Plains, headquartered in Oklahoma City, operates a 23-branch franchise across both the Lone Star and Sooner states.
Third Coast and Great Plains added that the deal presents an opportunity to combine two culturally aligned, relationship-driven community banks. "Together, we are creating a stronger organization with greater scale, expanded capabilities, and increased capacity to support our customers," Third Coast Chief Executive Bart Caraway said. Following the two-step merger, Third Coast shareholders are expected to own about 78% of the combined company. Great Plains shareholders would own the remaining roughly 22%.
Great Plains is set to retain its brand, operating as a division of Third Bank. Two Great Plains representatives are slated to be appointed to the combined company's board, and Great Plains Chief Executive Mark Russell would continue to serve in a leadership role, the banks said. com (END) Dow Jones Newswires October 07, 2026 07:14 ET (11:14 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters.
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