SIMMESPORT, La.--(BUSINESS WIRE)--Fleur Capital Corporation (“Fleur” or the “Company”) and Simmesport State Bank jointly announced today the signing of a definitive agreement pursuant to which Fleur will acquire Simmesport State Bank. The transaction has been approved by the board of directors of Fleur and Simmesport State Bank, is expected to close in the second quarter of 2025, and is subject to customary closing conditions, including approval from the shareholders of Simmesport State Bank and bank regulatory authorities.

Fleur is led by David M. McGuire. Mr. McGuire has over 37 years of experience in the banking industry and previously served as a founder, director and President of Spirit of Texas Bancshares, Inc. and founder, director and President and Chief Lending Officer of Spirit of Texas Bank and served in those positions from 2009 to 2022. Mr. McGuire has been involved in fourteen prior bank and branch acquisitions, an initial public offering of common stock, as well as an FDIC assisted bank purchase.

“We are extremely excited about the opportunity to inherit the legacy of a strong community bank and we remain deeply committed to the people of Simmesport and parishes that the bank serves. We highly value the Simmesport State Bank employees and believe they will be well-served as part of this proposed transaction. We are excited to work alongside the Simmesport State Bank team to strengthen current relationships and develop new ones,” said David McGuire.

“The Simmesport team is excited about embarking on this next chapter for our banking organization,” said Dr. Henry Moreau, Chairman and CEO of Simmesport State Bank. “Mr. McGuire’s vision closely aligns with our long-standing commitment to our shareholders, customers and local communities. We are confident that Mr. McGuire and his team of experienced bankers will carry forward our shared values and commitment to exceptional service for many years to come.”

Simmesport State Bank was established in 1956 and operates two branches located in the Avoyelles Parish, Louisiana. At September 30, 2024, Simmesport State Bank had approximately $231.5 million in assets, $183.2 million in net loans and leases, and $191.5 million in deposits. For more information, visit https://www.simmesportstatebank.net.

Fleur Capital Corporation was advised by Hovde Group, LLC as financial advisor and Hunton Andrews Kurth LLP is serving as legal counsel. Simmesport State Bank was advised by National Capital, LLC as financial advisor and Fenimore Kay Harrison LLP is serving as legal counsel.

Cautionary Note Regarding Forward Looking Statements

This press release contains forward-looking statements, including but not limited to statements regarding the proposed transaction, the business of Simmesport State Bank and other matters. Any statements about our expectations, beliefs, plans, predictions, protections, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking statements. Forward-looking statements are typically, but not exclusively, identified by the use of forward-looking terminology such as “believes,” “expects,” “could,” “may,” “will,” “should,” “seeks,” “likely,” “intends” “plans,” “pro forma,” “projects,” “estimates” or “anticipates” or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. Forward-looking statements are subject to risks and uncertainties and are not guarantees of future performance and actual results may differ materially from those expressed or contemplated by the particular forward-looking statement, and, therefore, you are cautioned not to place undue reliance on such statements. Further, any forward-looking statement speaks only as of the date on which it is made, and neither Fleur nor Simmesport State Bank undertakes any obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events or circumstances, except as required by applicable law.