Business First Bancshares Files 8-K

TL;DR

BFBI filed an 8-K, standard reporting.

AI Summary

On September 3, 2024, Business First Bancshares, Inc. filed an 8-K report detailing an "Other Event." The filing does not contain specific financial figures or significant business updates beyond the standard reporting requirements.

Why It Matters

This filing indicates Business First Bancshares, Inc. is meeting its regulatory reporting obligations with the SEC.

Risk Assessment

Risk Level: low — The filing is a routine 8-K report and does not contain information that suggests a change in risk for the company.

Key Players & Entities

• Business First Bancshares, Inc. (company) — Registrant
• September 3, 2024 (date) — Date of earliest event reported
• 500 Laurel Street, Suite 101, Baton Rouge, Louisiana 70801 (address) — Principal executive offices

FAQ

Key Financial Figures

• $1.00 — ich registered Common Stock, par value $1.00 per share BFST Nasdaq Global Select

Filing Documents

• bfbi20240903_8k.htm (8-K) — 34KB
• ex_721039.htm (EX-99.1) — 16KB
• logo01.jpg (GRAPHIC) — 5KB
• 0001437749-24-028356.txt ( ) — 196KB
• bfst-20240903.xsd (EX-101.SCH) — 3KB
• bfst-20240903_def.xml (EX-101.DEF) — 11KB
• bfst-20240903_lab.xml (EX-101.LAB) — 15KB
• bfst-20240903_pre.xml (EX-101.PRE) — 11KB
• bfbi20240903_8k_htm.xml (XML) — 3KB

01

Item 8.01 Other Events. As previously announced, on April 25, 2024, Business First Bancshares, Inc., a Louisiana corporation ("BFST"), and Oakwood Bancshares, Inc., a Texas corporation ("Oakwood"), entered into an Agreement and Plan of Reorganization (the "Reorganization Agreement"), providing for the acquisition by BFST of Oakwood through the merger of Oakwood with and into BFST, with BFST surviving the merger (the "Merger"). As soon as practicable after the consummation of the Merger, Oakwood Bank, a Texas banking association and wholly-owned subsidiary of Oakwood, will merge with and into b1BANK, a Louisiana state-chartered bank and wholly-owned subsidiary of BFST ("b1BANK"), with b1BANK surviving the merger. On September 3, 2024, BFST and b1BANK announced their receipt of all required regulatory approvals and non-objections to complete the transactions contemplated by the Reorganization Agreement, including those from the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Louisiana Office of Financial Institutions, and the Texas Department of Banking. In addition, on August 27, 2024, Oakwood's shareholders voted to approve the Reorganization Agreement and the transactions contemplated thereby, including the Merger. The Merger is expected to be completed on October 1, 2024, and remains subject to the satisfaction of customary closing conditions. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Financial Statements and Exhibits

Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 99.1 Press release issued by Business First Bancshares, Inc., dated September 3, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) Cautionary Statement Regarding Forward-Looking Statements This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties and are made pursuant to the safe harbor provisions of Section 27A of the Securities Act. These forward-looking statements reflect the current views of BFST with respect to future events and BFST's financial performance. Any statements about BFST's expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as "anticipate," "believes," "can," "could," "may," "predicts," "potential," "should," "will," "estimate," "plans," "projects," "continuing," "ongoing," "expects," "intends" and similar words or phrases. BFST cautions that the forward-looking statements in this document are largely based on BFST's current expectations, estimates, projections, goals and forecasts and management assumptions about the future performance of each of BFST, Oakwood and the combined company, as well as the businesses and markets in which they do and are expected to operate. These forward-looking statements are not guarantees of future performance and involve a number of known and unknown risks, uncertainties and assumptions that are difficult to assess and are subject to change based on factors which are, in many instances, beyond BFST's control. The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: (1

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: September 3, 2024 BUSINESS FIRST BANCSHARES, INC. By: /s/ David R. Melville, III Name: David R. Melville, III Title: Chairman, President and Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR