Company Profile
- 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.…