M&A Deal Summary

BancPlus Acquires State Capital

On September 19, 2019, BancPlus acquired financial services company State Capital

Acquisition Highlights
  • This is BancPlus’ 1st transaction in the Financial Services sector.
  • This is BancPlus’ 1st transaction in the United States.
  • This is BancPlus’ 1st transaction in Mississippi.

M&A Deal Summary
Date 2019-09-19
Target State Capital
Sector Financial Services
Buyer(s) BancPlus
Deal Type Merger
Advisor(s) Stephens Investment Banking (Financial)
Jones Walker
Adams & Reese (Legal)

Target

State Capital

Greenwood, Mississippi, United States
State Capital Corp. offers a broad range of commercial and consumer banking services to small and medium-sized businesses, professional firms, individuals, civic groups and other organizations.

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Buyer(S) 1

Buyer

BancPlus

Ridgeland, Mississippi, United States
Category Company
Founded 1909
Sector Financial Services
DESCRIPTION

BancPlus Corp. offers full-service commercial banking, mortgage lending and wealth management services in addition to a full range of Internet banking services. As of June 30, 2019, BankPlus had $2.9 billion in total assets, $2.6 billion in deposits, and $2.1 billion in gross loans. BankPlus, founded in 1909, is headquartered in Ridgeland, Mississippi and was chartered in Belzoni, Mississippi. BankPlus currently has 55 banking locations in Mississippi.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Merger) 1 of 1
State (Mississippi) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Mergr

Product

Company

Legal