|[July 24, 2014]
Louisiana-based Business First Bancshares Was Advised by Commerce Street Capital on Its Acquisition of American Gateway Bank
DALLAS --(Business Wire)--
Street Capital, LLC (CSC (News - Alert)), a Dallas-based investment banking firm,
First Bancshares, Inc. on its acquisition of American Gateway (News - Alert)
Financial Corporation and its subsidiary American
Gateway Bank. Business First Bancshares is headquartered in Baton
Rouge, La. and American Gateway Bank is headquartered in Port Allen, La.
The transaction is expected to close later this year. This announcement
was made today by Dory Wiley, President and CEO of CSC.
CSC Managing Director C.K. Lee was the lead financial advisor for
Business First Bancshares and was assisted by Associate Preston Simons.
CSC's team worked closely with the Business First's leaderhip in the
negotiations with American Gateway Bank.
"This is an important transaction for both institutions," said Lee. "The
combined organization will be a major player in the Louisiana market and
we at Commerce Street are honored to work on this deal."
American Gateway Bank has more than $377 million in assets and currently
operates 10 branches in the Baton Rouge vicinity. The community bank
opened in 1905 and has doubled in size over the last 10 years. American
Financial Corporation is the holding company for American Gateway Bank.
Business First Bank has $690 million in assets and has served the state
of Louisiana since 2006. The bank currently operates five branches
throughout Baton Rouge, Lafayette, New Orleans, Northwest Louisiana and
Southwest Louisiana in addition to a loan production office in the
Houma/Thibodaux Bayou region. Business First Bank specializes in
commercial lending and is a subsidiary of Business First Bancshares.
CSC's Financial Institutions Group practice centers exclusively on
serving the needs of the financial services sector. The group aims to
provide sound, comprehensive advice, expert structuring and optimum
execution to banks, bank holding companies and allied businesses. CSC is
recognized as a leader in the industry for its valuation practice and
the unbiased analyses and independent opinions it provides to clients to
help them fulfill their fiduciary obligations.
About Commerce Street Capital
Commerce Street Capital, LLC ("CSC") is a private investment banking
firm headquartered in Dallas, Texas. Led by veterans of the banking
industry, CSC specializes in investment banking services (mergers and
acquisitions, valuations and regulatory issue advising) and bank
development (on-site consulting, sales and management of bank capital
raises, market assessments and the bank regulatory application process).
The firm provides tailored solutions for all or part of a financial
institution's business lifecycle. For more information, visit www.commercestreetcapital.com
or call 214-545-6800. CSC is a member of FINRA/SIPC.
This press release is for information purposes only and does not
constitute a solicitation or offer by Commerce Street Capital, LLC, to
buy or sell any securities, futures, options, foreign exchange or other
financial instrument or to provide any investment advice or service. The
testimonials stated within this press release may not be representative
of the experience of other clients. The testimonials stated within this
press release are not indicative of future performance or success. The
testimonials stated within this press release are not paid testimonials.
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