BancPlus Corporation (“BancPlus” or “the company”) is a commercially oriented $7.9 billion closely held private bank holding company. The lead subsidiary, BankPlus (or “the bank”), is based in Ridgeland, MS and is a full-service banking operation with 83 locations across a four-state footprint. Insiders hold 23% of shares and ESOP is the largest shareholder at 13%.
Founded in 1909, BankPlus is the 5th largest bank operating in MS by deposits and 6th largest bank headquartered in MS. The company’s growth was fueled by a number of acquisitions in the 1990s, after which the company focused largely on organic growth until its 2Q20 acquisition of State Capital Corp. (“SCC”) ($1.1 billion in assets), which expanded the bank’s branch network into LA, building upon its presence in MS and AL. In 1Q22, the company acquired First Trust Corporation (“FTC”) ($1.3 billion in assets), further growing the bank’s presence in key markets, such as New Orleans.…
Log in or Sign up for free access to this report.
KBRA is a global full-service rating agency with a mission to set a standard of excellence and integrity. Established in 2010, KBRA remains dedicated to the restoration of trust in credit ratings by creating new standards for assessing risk and by offering timely and transparent ratings. KBRA provides market participants with an alternative solution by delivering in-depth research across various sectors within the United States and European markets. We strive to provide the investment community with the products and tools needed to make informed investment decisions.