Third Coast Bancshares, Inc. has recently completed a merger with Keystone Bancshares, Inc., resulting in the formation of a combined company with total assets exceeding $6 billion. As part of the merger, Jeff Wilkinson, the former chairman and CEO of Keystone Bancshares, Inc., will join the board of directors of Third Coast and Third Coast Bank, serving as the Chairman * Austin Market of Third Coast Bank. Additionally, Bryan St. George, the former president of Keystone Bank, will assume a new role at Third Coast Bank as the President of Commercial Services.
Third Coast Bank, headquartered in Humble, Texas, previously operated nineteen banking locations across various cities in Texas. With the merger, Keystone Bank’s three branch locations in Austin and Ballinger, Texas, along with a loan production office in Bastrop, Texas, have been incorporated into Third Coast's operations.
The merger positions Third Coast Bancshares, Inc. as a commercially focused, Texas-based bank holding company with a significant presence in the greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets. The integration of Keystone Bank into Third Coast's platform is expected to take place in the summer, with detailed information to be provided to Keystone customers prior to the conversion.
The completion of the merger marks a significant milestone for Third Coast Bancshares, Inc., paving the way for expanded operations and market presence in key regions across Texas. Today the company's shares have moved -1.09% to a price of $38.12. Check out the company's full 8-K submission here.
