BUSINESS FIRST Bancshares, INC. to acquire OAKWOOD BANCSHARES, INC. AND OAKWOOD BANK
As of December 31, 2023, Oakwood Bank reported total assets of $843 million, total deposits of $732 million and total equity capital of $90.7 million.
- As of December 31, 2023, Oakwood Bank reported total assets of $843 million, total deposits of $732 million and total equity capital of $90.7 million.
- The Oakwood board of directors believes Business First is well positioned and has significant upside opportunity through stock price appreciation.
- The boards of directors of Business First and Oakwood have each unanimously approved the proposed transaction.
- Stephens Inc. served as exclusive financial advisor for and rendered a fairness opinion to Oakwood, and Norton Rose Fulbright US, LLP served as legal counsel to Oakwood.