Hunton Andrews Kurth Represents Business First Bancshares, Inc. in the Acquisition of Oakwood Bancshares, Inc. and Oakwood Bank

Hunton Andrews Kurth LLP is advising Business First Bancshares, Inc. (NASDAQ: BFST) and its wholly-owned bank subsidiary, b1BANK, as they enter into a definitive agreement to acquire Dallas, Texas-based Oakwood Bancshares, Inc. and its wholly-owned bank subsidiary, Oakwood Bank. The transaction was announced on April 25, 2024, and will be an all-stock transaction for total consideration value of approximately $85.7 million, based on BFST’s closing price of $21.57 per share on April 22, 2024. 

The proposed transaction is expected to close in the fourth quarter of 2024, subject to the satisfaction of customary closing conditions, including the receipt of regulatory approvals and the approval of Oakwood’s shareholders. 

For further details on the transaction, BFST’s press release can be found here.

The Hunton Andrews Kurth team representing Business First Bancshares, Inc. and b1BANK is led by partner Beth Whitaker, with assistance from associates Nate Jones and Betsy Montague, partner Tony Eppert, and associates Tyler Richardson and Caitlin Scipioni.