- CEO
- David R. Melville
- Full Time Employees
- 842
- Sector
- Finance
- Industry
- Regional banks
- Address
- 500 Laurel Street Baton Rouge LA United States 70801
- IPO Date
- Apr 9, 2018
- Business
- Business First Bancshares, Inc. is a financial holding company operating through its banking subsidiary, b1BANK, which provides a comprehensive range of banking products and services across Louisiana and Texas. The company offers various deposit products including checking, demand, money market, time, and savings accounts; certificates of deposit; remote deposit capture; and direct deposit services. It provides an extensive suite of lending solutions such as commercial and industrial loans including working capital, term loans, equipment financing, asset acquisition, expansion and development loans; commercial lines of credit; accounts receivable factoring; agricultural financing; letters of credit; construction and development loans; commercial real estate loans; residential real estate loans including first and second lien 1-4 family mortgage loans and home equity lines of credit; and consumer loans consisting of secured and unsecured installment and term loans. Additional services include treasury management, wealth management products, drive-through banking, automated teller machines, night depository, and internet banking. Founded in 1999 and headquartered in Baton Rouge, Louisiana, Business First Bancshares serves small to midsize businesses, professionals, and retail customers, primarily through its b1BANK locations in Louisiana and the Dallas and Houston areas of Texas.
Recent major developments include the October 2024 acquisition of Oakwood Bancshares, Inc., which expanded Business First Bancshares’ asset base to approximately $7.6 billion and increased its operating footprint with 55 full-service banking centers and two loan offices. Leadership from Oakwood Bancshares joined the company’s board and regional management. In July 2025, Business First Bancshares announced a definitive agreement to acquire Progressive Bancorp, Inc. and its wholly owned subsidiary Progressive Bank, further deepening its Louisiana market presence, enhancing deposit and liquidity profiles, and adding experienced banking personnel to strengthen its competitive position. These strategic acquisitions reflect the company’s focus on growth through consolidation and regional expansion. Business First Bancshares continues to position itself as a community-oriented financial services provider, delivering personalized and comprehensive banking solutions focused on commercial, real estate, and consumer lending, alongside traditional banking and wealth management services in its regional markets.
The company remains publicly traded under the ticker BFST, with a workforce exceeding 860 employees and continues to earn recognition for its workplace and banking excellence. Its subsidiary, b1BANK, has been honored with awards such as the Mastercard Innovation Award and has been repeatedly named among the Best Banks to Work For by American Banker magazine. Business First Bancshares, Inc. backgrounds its operations on community banking values while leveraging strategic partnerships and acquisitions to enhance product offerings and market reach.