BFST - Business First Bancshares acquires Smith Shellnut Wilson

Business First Bancshares (BFST)  the holding company for b1BANK, and Ridgeland, Mississippi headquartered Smith Shellnut Wilson signed a definitive agreement under which b1BANK will acquire SSW.SSW is a registered investment advisor specializing in managing investment portfolios for corporations, foundations and individuals.Acquisition completion is expected to occur in the upcoming weeks.As of Dec. 31, 2020, SSW reported $3.5B in assets under management, while b1BANK managed $235M through its Wealth Solutions Division.Post transaction completion, b1BANK expects to consolidate its Wealth Solutions Division with SSW and to continue to operate SSW as a subsidiary of b1BANK.

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Business First Bancshares acquires Smith Shellnut Wilson