Business
Third Coast Bancshares, Inc. and Keystone Bancshares, Inc. Announce Definitive Merger Agreement
Third Coast Bancshares, Inc. ("Third Coast") (NYSE & NYSE Texas: TCBX), the parent company of Third Coast Bank, and Keystone Bancshares, Inc. ("Keystone"), the parent company of Keystone Bank, SSB ("Keystone Bank"), today jointly announced the signing of a definitive merger agreement pursuant to which Third Coast will acquire Keystone in a stock and cash transaction valued at approximately $123 million based on Third Coast's closing stock price as of October 21, 2025. Once the transaction is com
About this update from Third Coast Bancshares, Inc.
[{"type":"text","content":"Once Completed, Combined Total Assets to Exceed $6 Billion ","length":58,"tagName":"p","attribs":{}},{"type":"text","content":"HOUSTON and AUSTIN, Texas, Oct. 22, 2025 /PRNewswire/ -- Third Coast Bancshares, Inc. ("Third Coast") (NYSE & NYSE Texas: TCBX), the parent company of Third Coast Bank, and Keystone Bancshares, Inc. ("Keystone"), the parent company of Keystone Bank, SSB ("Keystone Bank"), today jointly announced the signing of a definitive merger agreement pursuant to which Third Coast will acquire Keystone in a stock and cash transaction valued at approximately $123 million based on Third Coast's closing stock price as of October 21, 2025. Once the transaction is completed, the combined company will have pro forma total assets in excess of $6 billion.","length":681,"tagName":"p"},{"type":"text","content":"Pursuant to the terms of the merger agreement, the combined company will operate under the Third Coast name and brand. The partnership presents a unique opportunity to combine two culturally aligned community banks and strengthen Third Coast's position in the greater Austin market. Keystone Bank, headquartered in Austin, Texas, operates two branches in the Austin market, one branch in Ballinger, Texas, and one loan production office in Bastrop, Texas.","length":459,"tagName":"p","attribs":{}},{"type":"text","content":"Bart Caraway, Founder, Chairman, President and Chief Executive Officer of Third Coast, said, "We are thrilled to join forces with Keystone — a partnership that aligns with our strategy to strengthen our presence in the greater Austin market, perfectly complementing our Texas branch network. Keystone is a highly respected financial institution that shares our core values of exceptional customer service and building lasting relationships within the communities we serve. Together, we will create significant benefits for our customers, driving innovation and operational excellence. We strongly believe this partnership will enhance our financial position, drive sustainable growth, and create long-term value for our shareholders."","length":744,"tagName":"p","attribs":{}},{"type":"text","content":""Our team is extremely excited to partner with Third Coast," said Jeff Wilkinson, Founder, Chairman and Chief Executive Officer of Keystone. "We are u...