BOM Completes Acquisition of Tri-State Bank and Trust

 

BOM TriStateBank

BOM, the premier bank of northwest Louisiana, has completed its previously announced purchase of Tri-State Bank and Trust. With the agreement, BOM acquires all assets and assumes all liabilities of Tri-State Bank and Trust’s two locations in Haughton and Shreveport, Louisiana.

Terms of the agreement were not disclosed. Staffing at both locations was unaffected.

With approximately $300 million in total assets and approximately $275 million in total deposits, BOM has 12 locations in Bienville, Bossier, Caddo, Grant, Natchitoches, Rapides and Sabine parishes.

“We welcome our new customers in Haughton and Shreveport, and we remain committed to our local communities,” says BOM President and CEO Ken Hale. “We offer quality, personal service combined with all the conveniences of modern technology.”

BOM was advised by the law firm of Fenimore, Kay, Harrison & Ford, LLP and Jeff Fair with American Planning Corp. Tri-State Bank and Trust was advised by the law firm of Pickering & Cotogno.

CONTACT: Ken Hale, BOM President and CEO, (318) 238-8000 ext. 1400, khale@bankmontgomery.com

BOM was established in 1903 in Montgomery, Louisiana and has a strong tradition of supporting the northwest Louisiana communities in which it operates, combining hometown values with modern, full service personal and business banking products in a number of convenient locations. For more information, visit bofm.com.