Third Coast Bancshares to Acquire Great Plains Bancshares for $239.6 Million

Third Coast Bancshares, Inc. entered into a definitive merger agreement to acquire Great Plains Bancshares, Inc. in an all-stock transaction valued at approximately $239.6 million. The combined entity is expected to hold approximately $9 billion in assets upon completion of the deal.

Under the terms of the agreement, Great Plains shareholders will receive Third Coast common stock, creating a pro forma equity ownership split of 78% for Third Coast shareholders and 22% for Great Plains shareholders. Great Plains will maintain its own brand as a division of Third Coast Bank, and its CEO, Mark Russell, will remain in a leadership role.

Both boards of directors have unanimously approved the merger. The transaction is expected to close in the first quarter of 2027, pending customary regulatory and shareholder approvals.