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BATON ROUGE, LOUISIANA, October 6, 2017 – Business First Bancshares, Inc., the holding company for b1BANK (“Business First”), and Minden Bancorp, Inc. (“Minden Bancorp”) today jointly announced the signing of a definitive agreement under which Business First will acquire Minden Bancorp and its wholly owned bank subsidiary, MBL Bank. Following the completion of the transaction, the combined institution will be the ninth-largest Louisiana-headquartered bank, with total assets exceeding $1.5 billion.
“Over the past decade, we have worked consistently towards our goal of becoming the region’s most influential business-focused community bank,” said Jude Melville, President and CEO of Business First. “This partnership, in conjunction with our recently announced expansion into the Dallas, Texas market, pushes us towards that goal by adding scale, a loyal client base, and a group of dedicated entrepreneurial teammates to our efforts. Business First is committed to adding the scale, management depth, and products and services to best serve the small to midsize businesses in our markets and their owners and employees.”