Third Coast Bancshares, Inc. 8K

Third Coast Bancshares sold substantially all assets of its factoring subsidiary to Gulf Coast Bank & Trust for about $27.5 million, realizing a gain and entering a strategic partnership to continue offering factoring solutions.

Third Coast Bancshares, Inc., the holding company of Third Coast Bank, announced that it has closed the sale of substantially all of the assets of its wholly owned factoring subsidiary, Third Coast Commercial Capital, Inc., to Gulf Coast Bank & Trust Company, effective June 25, 2026, for total consideration of approximately $27.5 million at closing, generating an estimated gain of $3.5 million and including a structured ongoing revenue share; following the transaction, Third Coast will maintain a strategic partnership with Gulf Coast to continue offering factoring solutions while redeploying capital toward its core commercial banking, asset-based lending, and specialty lending businesses.

Filing Facts

CIK

1781730

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-301488

Alert Tier

7