Grant Bancshares in Natchitoches, La., has agreed to buy Tri-State Bank and Trust in Haughton, La.
Grant said in a press release Tuesday that its $285 million-asset Bank of Montgomery will buy "substantially all" of Tri-State's $32 million in assets, including branches in Haughton and Shreveport, along with most of the bank's liabilities. The deal is expected to close in the third quarter.
Tri-State Bank plans to voluntarily liquidate and dissolve as part of the process. Grant did not disclose the deal's price.
Grant was advised by Fenimore, Kay, Harrison & Ford and American Planning Corp. Tri-State was advised by Pickering & Cotogno.
In January Grant bought Bank of Ringgold in Louisiana.