Market News / Story
Third Coast to Acquire Great Plains in $240M All-Stock Deal, Pro Forma Assets ~ $9B
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Third Coast announced a definitive all‑stock merger to acquire Great Plains, creating a pro forma bank with about $9 billion in assets. Key Highlights: Agreement: Third Coast will issue 5,570,352 shares to acquire Great Plains in a 100% stock transaction valued ~ $239.6M. Scale: Combined company expected to have approximately $9 billion in assets on a pro forma basis at closing. Ownership & governance: Pro forma ownership ~78% Third Coast / 22% Great Plains; two Great…