Progressive Bank Acquired by Business First Bancshares | Financial Services M&A Deal

Business First Bancshares has completed the acquisition of Progressive Bank, a banking business in Louisiana, for $22.2 million. Business First Bancshares acquisitions expand b1BANK’s deposit base and lending footprint through a Progressive Bank acquisition that added approximately $773.8 million of total assets, $589.7 million of net loans, and $684.9 million of deposits as of December 31, 2025. Progressive Bank operates as a community banking franchise serving customers in Louisiana, supporting financial services M&A and add on acquisition growth for strategic acquirers. The deal closed as a strategic acquisition and add on acquisition within financial services deals LA, with Business First Bancshares positioning the combined bank for improved capital ratios, liquidity, and expanded Houston-area banker coverage.