Baton Rouge-based b1Bank completed its acquisition of a Houston-based Texas Citizens Bank on March 1 for about $52.9M, while New Orleans-based First Bank and Trust was purchased by Mississippi-based BankPlus. b1Bank now has about $5.3B in assets and 48 branches in Louisiana and Texas. With the purchase of First Bank and Trust, BankPlus now has 11 locations in metro New Orleans. Terms of the deal were not disclosed. Gary Blossman, CEO of First Bank and Trust, has been named senior executive VP of BankPlus, while Duane Abadie, president/CCO of First Bank, has been named executive VP/CCO of Gulf Coast Region at BankPlus. The Ridgeland, Miss.-based bank has 93 branches across Louisiana, Mississippi, Alabama and NW Florida. The bank now has about $6.4B in assets. Plans are to convert all First Bank and Trust accounts to BankPlus this summer. (Source: NOLA.com 03/01/22)
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