Third Coast Bancshares, Inc. (TCBX) Form 8-K — Oct 13, 2026
Third Coast Bancshares (NYSE: TCBX) has agreed to acquire Great Plains Bancshares, parent of Great Plains National Bank in Elk City, Oklahoma, in an all-stock merger signed October 6, 2026. Each Great Plains share will convert into TCBX stock based on an aggregate issuance of 5,570,352 shares, subject to reduction if Great Plains delivers less than $153,300,000 of adjusted equity at closing. A termination fee of $11,981,827 applies in certain deal-break scenarios. Holders of roughly 27.6% of Great Plains shares have signed a voting agreement supporting the deal, and two Great Plains directors will join the TCBX board at closing.
Key figures
- Outside date
- 2027-09-30
- Board additions
- 2
- Termination fee usd
- 11981827
- Minimum adjusted equity usd
- 153300000
- Exchange ratio divisor shares
- 5570352
- Great plains shares outstanding
- 14544
- Tcbx shares outstanding jun30 2026
- 16639127
- Aggregate merger consideration shares
- 5570352
- Great plains voting agreement stake pct
- 27.6
AI analysis
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