Britton & Koontz Capital Corp. of Natchez, Miss., said it plans to buy Louisiana Bancshares, a community bank in Baton Rouge, for $5.3 million of stock.
Page Ogden, president of $238 million-asset Britton & Koontz, said his company is buying the Baton Rouge bank to gain a retail presence in a more urban market. This year it opened a loan production office in the Louisiana capital.
Louisiana Bancshares' two branches would become offices of Britton & Koontz First National Bank. The deal is expected to close in the fourth quarter.