Business First Bancshares in Baton Rouge, La., sold a branch.
The $7.9 billion-asset company said in a press release that it sold a location in Kaplan, La., to an unnamed bank for a net capital injection of $3.4 million.
The sale, which closed in early April, included $50.7 million of deposits that landed an 8% purchase premium.
Business First said the sale should lower annual operating costs by $750,000.