The integration brings American Planning’s expertise in outsourced chief financial officer services, regulatory consulting, and capital planning under the umbrella of b1BANK’s investment arm. By absorbing the firm, Smith Shellnut Wilson broadens its service portfolio to include comprehensive strategic advisory work, though neither party disclosed the specific financial terms of the transaction.
In section Market Quotes
Business First Bancshares Absorbs American Planning Corp.
Louisiana-based Business First Bancshares has finalized the acquisition of American Planning Corp., folding the consulting firm into its subsidiary, Smith Shellnut Wilson. The move signals a strategic shift for the banking group, aiming to bolster its advisory capabilities for community banks beyond traditional asset and liability management.
Following the acquisition, American Planning CEO T. Jefferson Fair and his entire team will transition to Smith Shellnut Wilson. This consolidation allows the banking group to leverage Fair’s specialized modeling and valuation services to deepen its footprint in the community banking sector.
Comments (0)
No comments yet. Be the first!