Business First Bancshares acquires Oakwood Bancshares in Baton Rouge
- Business First Bancshares, Inc. has completed its acquisition of Oakwood Bancshares, Inc. on October 1, 2024.
- The merger aims to enhance banking services for small and growing businesses in the Dallas-Fort Worth market.
- This strategic partnership is expected to significantly impact the banking experience for clients in the region.
On October 1, 2024, Business First Bancshares, Inc. finalized its acquisition of Oakwood Bancshares, Inc., enhancing its presence in the Dallas-Fort Worth market. This strategic move aims to bolster the services offered to small and growing businesses in a vibrant economic region. Following the acquisition, b1BANK, the banking subsidiary of Business First, reported approximately $7.6 billion in assets, with significant figures in loans and deposits. The leadership of Oakwood Bank will integrate into b1BANK, with Roy J. Salley taking on the role of regional chairman in Dallas. This partnership is expected to create a more impactful banking experience for clients in the area, leveraging the strengths of both institutions. The acquisition was supported by financial and legal advisors, ensuring a smooth transition and compliance with regulatory standards.