Phelps Represents First Trust Corporation in Acquisition by BancPlus Corporation

NEW ORLEANS — September 29, 2021 — Phelps advised First Trust Corporation, the parent company of First Bank and Trust, in its acquisition by BancPlus Corporation, the parent company of BankPlus. 

The combined company will have approximately $6.4 billion in assets, deposits of $5.7 billion, and gross loans of $4.5 billion. The transaction is expected to close in the first quarter of 2022, pending customary closing conditions. 

Founded in 1991, First Bank and Trust operates 14 branches in Louisiana, Mississippi and Florida and is the 10th largest financial institution headquartered in Louisiana by assets.

More information about the transaction is in the company’s press release. 

The Phelps transaction team was led by corporate partner Mark Fullmer and associate Evan Cuccia.