Thursday, May 30, 2024

Origin Bancorp, Inc. completes merger of subsidiary banks

by BIZ Magazine

RUSTON, La., Oct. 11, 2022 (GLOBE NEWSWIRE) — Origin Bancorp, Inc. (Nasdaq: OBNK) (“Origin” or the “Company”) today announced the completion of the merger of its subsidiary bank, BTH Bank, N.A., Quitman, Texas (“BTH Bank”), with and into its subsidiary bank, Origin Bank, Choudrant, Louisiana, with Origin Bank surviving the merger.

The bank merger was effective October 7, 2022, and occurred alongside the successful completion of the related data processing conversion over the weekend of October 8-9, 2022, following which all former banking locations of BTH Bank now operate as banking locations of Origin Bank.

“With the bank merger now complete, we look forward to serving the customers and communities of BTH Bank under the Origin Bank brand. This partnership provides Origin Bank a strong presence in East Texas and strengthens our Dallas and Fort Worth markets,” said Drake Mills, Chairman, President and Chief Executive Officer of Origin. “I firmly believe that our unwavering commitment to the BTH Bank markets, coupled with Origin Bank’s dedication to local decision-making, will create an exceptional experience for our new customers and communities in these markets.”

Lori Sirman, the former President and CEO of BTH Bank and now Executive Vice President of Origin Bank added, “We’re thrilled to bring the Origin Bank experience to our customers and communities and firmly believe that this partnership makes our combined organizations stronger. We look forward to building on the legacy of BTH Bank as we continue to grow alongside our new colleagues at Origin Bank.”

With the completion of the bank merger, Origin has approximately $9.46 billion in assets, $6.88 billion in loans and $7.78 billion in deposits on a consolidated basis.

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