BATON ROUGE, La. (AP) — Business First Bancshares Inc. is acquiring American Gateway Financial Corp., combining two Baton Rouge banks into a financial institution with $1 billion in assets and 16 locations.
The two companies are the parent companies of Business First Bank and American Gateway Bank. The combined company will operate under the Business First brand.
American Gateway has 10 Baton Rouge-area banking centers: five in East Baton Rouge Parish, three in West Baton Rouge Parish, and one each in Livingston and Ascension parishes, all part of metropolitan Baton Rouge.
Business First currently has one banking center each in Baton Rouge, Shreveport/Bossier City, Lake Charles, Lafayette and Covington. The bank also has a loan production office in Houma.