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Texas has had a fair share of M&A since the financial crisis, but deal volume has declined since oil prices began to plummet in late 2014. Uncertainty over sellers' exposure and depressed stock prices for aspiring buyers are largely to blame.
February 26 -
The Mississippi bank hopes its settlement talks with the CFPB and Justice Department ultimately clear the way for it to complete acquisitions in Texas and Louisiana, but time is running short.
January 26 -
First Guaranty Bancshares in Hammond, La., has decided to again test the market for an IPO. The $1.4 billion-asset company in December postponed a stock offering that would have raised around $65 million, as concerns mounted about the impact the slide in oil prices would have on the bank.
November 6
Louisiana Community Bancorp in Houma has agreed to buy Tri-Parish Bancshares in Eunice, La.
The $930 million-asset Louisiana Community and the $207 million-asset Tri-Parish did not disclose financial terms of the deal. The two privately held companies expect the transaction to close by the fourth quarter.
Louisiana Community will operate Tri-Parish Bank as a separate bank subsidiary. It would join the other four banks that Louisiana Community now operates as separate institutions: the $416 million-asset Coastal Commerce Bank in Houma, the $313 million-asset City Savings Bank & Trust in DeRidder, the $109 million-asset Teche Bank & Trust in St. Martinville and the $91 million-asset Kaplan State Bank in Kaplan.
Tri-Parish was founded in 1944 and operates three branches, in Eunice and Lafayette. The combined institution would have 24 offices in 11 parishes in Louisiana.
