Gibsland Bancshares in Gibsland, La., has agreed to buy Marion State Bank in Marion, La.
The $575 million-asset Gibsland said in a press release that it plans to buy the $240 million-asset Marion State in the second half of 2026. The price wasn’t disclosed.
Marion State has five branches, $163 million of loans, and $210 million of deposits.
“Marion State … has built an outstanding reputation through more than a century of service to its customers and communities, and its presence in Union and Ouachita parishes is a natural complement to our franchise across northern Louisiana,” Thomas Martin, Gibsland’s chairman and CEO.
National Capital and Fenimore Kay Harrison advised Gibsland. Raymond James and Jones Walker advised Marion State.